M&A Deal Summary

Paranovus Entertainment Technology Acquires Fujian Shennong

On October 25, 2021, Paranovus Entertainment Technology acquired consumer products company Fujian Shennong for 103M CNY

Acquisition Highlights
  • This is Paranovus Entertainment Technology’s 1st transaction in the Consumer Products sector.
  • This is Paranovus Entertainment Technology’s largest (disclosed) transaction.
  • This is Paranovus Entertainment Technology’s 1st transaction in China.

M&A Deal Summary
Date 2021-10-25
Target Fujian Shennong
Sector Consumer Products
Buyer(s) Paranovus Entertainment Technology
Deal Type Add-on Acquisition
Deal Value 103M CNY

Target

Fujian Shennong

Nanping, China
Fujian Shennong is a company with a solid customer's base, focusing on the trading of agriculture products and the supply chain management. Fujian Shennong is based in Nanping, China.

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Buyer(S) 1

Buyer

Paranovus Entertainment Technology

New York, New York, United States
Category Company
Founded 2004
Sector Diversified
Employees11
Revenue 7M USD (2024)
DESCRIPTION

Paranovus Entertainment Technology is a diversified company engaging in the business of production of nutraceutical and dietary supplements, providing e-commerce sales and e-commerce marketing solutions, and the sales of automobiles. Paranovus Entertainment Technology was founded in 2004 and is based in New York.

DEAL STATS #
Overall 1 of 2
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 1 of 2
Country (China) 1 of 2
Year (2021) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-07 Hekangyuan

Fuzhou, China

Hekangyuan is an operator of a Healthcare Product Distributor in the Fuzhou area. Hekangyuan is based in Fuzhou, China.

Buy $12M
Mergr

Product

Company

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