M&A Deal Summary

Paranovus Entertainment Technology Acquires Hekangyuan

On March 7, 2022, Paranovus Entertainment Technology acquired distribution company Hekangyuan for 12M USD

Acquisition Highlights
  • This is Paranovus Entertainment Technology’s 1st transaction in the Distribution sector.
  • This is Paranovus Entertainment Technology’s 2nd largest (disclosed) transaction.
  • This is Paranovus Entertainment Technology’s 2nd transaction in China.

M&A Deal Summary

Date 2022-03-07
Target Hekangyuan
Sector Distribution
Buyer(s) Paranovus Entertainment Technology
Deal Type Add-on Acquisition
Deal Value 12M USD

Target

Hekangyuan

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


DEAL STATS #
Overall 2 of 2
Sector: Distribution M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
Country: China M&A 2 of 2
Year: 2022 M&A 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-25 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.

Buy CN¥103M