Mergers & Acquisitions ·
Paranovus closes acquisition of Heyviva assets from Jabanero for $33M in cash
PAVSParanovus Entertainment Technology Ltd.
Paranovus Entertainment Technology Ltd. closed its acquisition of substantially all assets related to the athletic wear brand Heyviva from Jabanero Inc. for $33,000,000 in cash on August 5, 2026. The purchase price was paid in installments: $16,500,000 at execution, with subsequent payments tied to the transfer of domain names, U.S. trademarks, and other assets within five business days of completion. Paranovus retains a seven-year right of first refusal on Jabanero's EU/UK trademark registrations. The company states the transaction creates synergies with its social commerce capabilities. Paranovus Entertainment Technology Ltd. operates in the technology and e-commerce industry, providing social commerce solutions.