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New Deal


Announced

Completed

Blackstone-backed Cryoport completed the acquisition of MVE Biological Products from Chart Industries for $320m.

Financials

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Transaction Value£244m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales3.8x
EV/EBITDA11.11x
Share Price Premium-
One Off Charge-

Tags

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Private

Friendly

cryobiological products

Biotechnology

Single Bidder

Acquisition

Majority

United States

Private Equity

Completed

Domestic

Synopsis

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Blackstone-backed Cryoport, a provider of cold chain logistics solutions, completed the acquisition of MVE Biological Products, a cryobiological products business, from Chart Industries, a manufacturer of cryogenic equipment, for $320m. “The acquisition is expected to expand Cryoport’s total addressable market, provide our clients’ with expanded end-to-end support across the cell and gene therapy value chain and enhance our innovation pipeline,” Jerrell Shelton, Cryoport CEO.

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