M&A Deal Summary

Cryoport Acquires CRYOPDP

On August 21, 2020, Cryoport acquired transportation company CRYOPDP from Hivest Capital Partners for 42M EUR

Acquisition Highlights
  • This is Cryoport’s 1st transaction in the Transportation sector.
  • This is Cryoport’s largest (disclosed) transaction.
  • This is Cryoport’s 1st transaction in France.

M&A Deal Summary
Date 2020-08-21
Target CRYOPDP
Sector Transportation
Buyer(s) Cryoport
Sellers(s) Hivest Capital Partners
Deal Type Add-on Acquisition
Deal Value 42M EUR

Target

CRYOPDP

Bobigny, France
CRYO International is a provider of innovative temperature-controlled logistics solutions to the clinical research, pharmaceutical and cell and gene therapy markets. CRYO International is based in Bobigny, France.

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Buyer(S) 1

Buyer

Cryoport

Brentwood, Tennessee, United States
Category Company
Founded 1999
Sector Transportation
Employees1,100
Revenue 233M USD (2023)
DESCRIPTION

Cryoport is a provider of temperature-controlled logistics solutions for life sciences commodities during distribution, serving the biopharmaceutical market with logistics solutions for biologic materials, such as regenerative medicine, including immunotherapies, stem cells, and CAR-T cells. Cryoport's solutions are used by point-of-care, CRO's, central laboratories, pharmaceutical companies, manufacturers, university researchers et al; as well as the reproductive medicine market, primarily in IVF and surrogacy; and the animal health market, primarily in the areas of vaccines and reproduction. Cryoport's proprietary Cryoport Express® Shippers, Cryoportal Logistics Management Platform, leading-edge SmartPak II Condition Monitoring System and geo-sensing technology, paired with unparalleled cold chain logistics expertise and 24/7 client support, make Cryoport the end-to-end cold chain logistics partner that the industry trusts. Cryoport was incorporated in 1999 and is based in Brentwood, Tennessee.

DEAL STATS #
Overall 2 of 8
Sector (Transportation) 1 of 4
Type (Add-on Acquisition) 2 of 6
Country (France) 1 of 2
Year (2020) 1 of 3
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-14 Cryogene Partners

Houston, Texas, United States

Cryogene Partners engages in the management of critical biological commodities to support the advancement of cell and gene therapies, GMP biologics, and public health research. Cryogene Partners provides a customized, end-to-end chain of custody solutions for its clients. Cryogene Partners operates a recently expanded 21,000 square foot state-of-the-art biostorage facility, specializing in the secure storage of biological specimens, materials, and samples.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-25 MVE Biological Solutions

Ball Ground, Georgia, United States

MVE Biological Solutions is a manufacturer of vacuum insulated products and cryogenic freezer systems for the life sciences industry. MVE provides cryogenic storage and transportation solutions for the life sciences industry through its advanced line of stainless steel freezers, aluminum dewars, and related ancillary equipment used in the storage and transport of life sciences commodities, which includes the rapidly growing cell and gene therapies business.

Buy -

Seller(S) 1

SELLER

Hivest Capital Partners

Investor Investor Investor

Category Private Equity Firm
Founded 2016
PE ASSETS 500M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Hivest Capital Partners is a French private equity firm focused on acquiring mid-sized businesses with €50 to €500 million of revenue. The Firm does not have any sector preferences and will consider a variety of investment situations, including family successions, non-core divestitures, complex situations, and funding for growth. Hivest Capital Partners was established in 2016 and is based in Paris.

DEAL STATS #
Overall 1 of 2
Sector (Transportation) 1 of 1
Type (Add-on Acquisition) 1 of 2
Country (France) 1 of 2
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-02 CRYOPDP

Bobigny, France

CRYO International is a provider of innovative temperature-controlled logistics solutions to the clinical research, pharmaceutical and cell and gene therapy markets. CRYO International is based in Bobigny, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-01 EOWIN

Guyancourt, France

EOWIN is a digital document engineering company, with a focus on services within highly regulated environments. The Group is a key player in the defense, energy, aeronautics and telecommunications sectors. EOWIN was formed in 1989 and is based in Guyancourt, France.

Buy -
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