M&A Deal Summary

1315 Capital Acquires SciSafe

On November 12, 2024, growth capital firm 1315 Capital acquired life science company SciSafe from BioLife Solutions for 73M USD

Acquisition Highlights
  • This is 1315 Capital’s 6th transaction in the Life Science sector.
  • This is 1315 Capital’s largest (disclosed) transaction.
  • This is 1315 Capital’s 19th transaction in the United States.
  • This is 1315 Capital’s 3rd transaction in New Jersey.

M&A Deal Summary

Date 2024-11-12
Target SciSafe
Sector Life Science
Buyer(s) 1315 Capital
Sellers(s) BioLife Solutions
Deal Type Divestiture
Deal Value 73M USD

Target

SciSafe

Cranbury, New Jersey, United States
SciSafe is a provider of biological materials storage to the cell and gene therapy and pharmaceutical industries. SciSafe was established in 2010 and is based in Cranbury, New Jersey.

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Buyer(S) 1

DESCRIPTION

1315 Capital is a private investment firm that provides expansion and growth capital to commercial-stage specialty pharmaceutical, medical technology, and healthcare service companies. The Firm will consider opportunities across the US and generally looks to commit $10 to $40 million per investment. 1315 Capital was formed in 2014 and is based in Philadelphia, Pennsylvania.


DEAL STATS #
Overall 21 of 21
Sector (Life Science) 6 of 6
Type (Divestiture) 3 of 3
State (New Jersey) 3 of 3
Country (United States) 19 of 19
Year (2024) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-17 Primrose Bio

San Diego, California, United States

Primrose Bio is a company focused on developing and licensing its manufacturing technologies for nucleic acids and proteins used in therapeutics and vaccines. Primrose Bio is based in San Diego, California.

Buy -

Seller(S) 1

SELLER

BioLife Solutions

Bothell, Washington, United States

Category Company
Founded 1987
Sector Life Science
Employees409
Revenue 143M USD (2023)
DESCRIPTION

BioLife Solutions is a developer, manufacturer and supplier of proprietary clinical grade cell and tissue hypothermic storage and cryopreservation freeze media for cells and tissues. Our proprietary HypoThermosol® and CryoStor® platform of solutions are highly valued in the regenerative medicine, biobanking and drug discovery markets. Our biopreservation media products are serum-free and protein-free, fully defined, and are formulated to reduce preservation-induced cell damage and death; offering commercial companies and clinical researchers significant improvement in shelf life and post-preservation viability and function. BioLife Solutions was founded in 1987 and is based in Bothell, Washington.


DEAL STATS #
Overall 1 of 2
Sector (Life Science) 1 of 1
Type (Divestiture) 1 of 2
State (New Jersey) 1 of 1
Country (United States) 1 of 2
Year (2024) 1 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-09 Sexton Biotechnologies

Indianapolis, Indiana, United States

Sexton Biotechnologies is a revenue-stage, biotechnology company focused on the development and sales of bioproduction tools for cell and gene therapy. Sexton develops purpose-built cell and gene therapy (CGT) tools and media to enable flexible automation and scaling of cell manufacturing processes to increase the probability of positive clinical outcomes and reduce time-to-market, failure points and labor costs. Sexton Biotechnologies Indianapolis is based in Indianapolis, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-14 Custom Biogenic Systems

Bruce Township, Michigan, United States

Custom Biogenic Systems designs and manufactures laboratory products and supplies including cryogenic freezers, isothermal freezers, and controlled rate freezers. Custom Biogenic Systems was founded in 1987 and is based in Bruce Township, Michigan.

Sell $6M