Divestiture • Transportation

Hivest Capital Partners Acquires CRYOPDP

On March 2, 2020, private equity firm Hivest Capital Partners acquired transportation company CRYOPDP from L Air Liquide

Acquisition Context
  • This is Hivest Capital Partners’ 2nd transaction in the Transportation sector.
  • This is Hivest Capital Partners’ 6th transaction in France.
Investment Fate
  • CRYOPDP was sold to a publicly-traded strategic buyer in 2020 for 42M EUR.
  • CRYOPDP was divested to a consortium of strategic buyers in 2025.

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M&A Deal Summary

Date March 2, 2020
Target CRYOPDP
Sector Transportation
Buyer(s) Hivest Capital Partners
Sellers(s) L Air Liquide
Deal Type Divestiture

Target Company

CRYOPDP

Tremblay-en-France, France
CRYOPDP provides temperature-controlled logistics solutions to the clinical research, pharmaceutical, and cell and gene therapy markets. CRYOPDP is based in Tremblay-en-France, France.
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Buyer Overview 1

Buyer
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 Context for Buyer #
Overall 6 of 15
Sector: Transportation 2 of 2
Type: Divestiture 1 of 2
Country: France 6 of 15
Year: 2020 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-15 STG Group

Noyal-sur-Vilaine, France

STG Group is a provider of refrigerated transport and logistics of agro-food products, STG takes care of the logistics of refrigeration under controlled temperature (- 20 ° C to + 6 ° C) on behalf of industrialists, mass distribution and catering excluding homes. STG relies on a solid network enabling it to serve its customers with regional proximity from its 35 platforms located throughout the country. STG Group was founded in 1949 and is based in Noyal-sur-Vilaine, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-21 CRYOPDP

Tremblay-en-France, France

CRYOPDP provides temperature-controlled logistics solutions to the clinical research, pharmaceutical, and cell and gene therapy markets. CRYOPDP is based in Tremblay-en-France, France.

Sell €42M

Seller Profile 1

SELLER

L Air Liquide

Paris, France

Category Company
Founded 1902
Sector Chemicals
Employees66,500
Revenue 27.1B EUR (2024)
DESCRIPTION
Air Liquide office in Houston, Texas.
Air Liquide office in Houston, Texas.

L'Air Liquide is a global provider of gases. Products include oxygen, nitrogen, hydrogen and specialty gases. L'Air Liquide was formed in 1902 and is based Paris, France.


Deal Context for Seller #
Overall 9 of 11
Sector: Transportation 1 of 1
Type: Divestiture 8 of 10
Country: France 5 of 5
Year: 2020 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-28 Air Liquide S.A. - Czech Republic and Slovakia Operations

Prague, Czech Republic

Air Liquide S.A. - Czech Republic and Slovakia Operations provide gases with 53 well-trained, experienced employees. Air Liquide started operating in Slovakia in 2000 and the Czech Republic in 2001 with 53 employees at both locations and offices in Prague and Trnava.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-07 Schülke

Norderstedt, Germany

Schülke develops, produces, and distributes antiseptics for wound care, disinfectants, medical and cosmetic skin care products, and preservatives. The company offers its customers innovative products, technologies, and services in its core business fields: healthcare, industrial hygiene, and personal care. Schülke was formed in 1889 and is based in Norderstedt, Germany.

Sell -

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