Investment Summary

BioLife Solutions Invests In SAVSU Cleo Technologies

On September 5, 2018, BioLife Solutions invested in packaging company SAVSU Cleo Technologies

Investment Highlights
  • This is BioLife Solutions’ 1st transaction in the Packaging sector.
  • This is BioLife Solutions’ 1st transaction in the United States.
  • This is BioLife Solutions’ 1st transaction in New Mexico.
Investment Fate
  • SAVSU Cleo Technologies was divested to a consortium of strategic buyers in 2025 for 26M USD.

Investment Summary

Date 2018-09-05
Target SAVSU Cleo Technologies
Sector Packaging
Investor(s) BioLife Solutions
Deal Type Stake Purchase

Target

SAVSU Cleo Technologies

Albuquerque, New Mexico, United States
SAVSU Cleo Technologies is a designer and manufacturer of high-performance cloud-connected passive storage and transport containers for temperature sensitive biologics and pharmaceuticals.

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Investor(S) 1

Investor

BioLife Solutions

Bothell, Washington, United States

Category Company
Founded 1987
Sector Life Science
Employees159
Revenue 82M USD (2024)
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 7
Sector: Packaging M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 2
State: New Mexico M&A 1 of 1
Country: United States M&A 1 of 6
Year: 2018 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-14 Astero Bio

Menlo Park, California, United States

Astero Bio Corp. is a provider in novel tools and technologies for life science research, pharmaceutical manufacturing and clinical applications. Astero specializes in the development and commercialization of next-generation tools to aid in multiple stages of the lifecycles of biologics. Astero's ThawSTAR® Automated Cell Thawing Systems are designed to replace uncontrolled and highly variable manual methods, de-risking the therapeutic cell thawing process and optimizing cell efficacy. Astero Bio Corp. was founded in 2018 and is based in Menlo Park, California.

Buy $21M