M&A - Cryoport, Inc.

Form Type: 8-K

Filing Date: 2025-06-13

Corporate Action: Acquisition

Type: New

Accession Number: 000155837025008613

Filing Summary: On June 11, 2025, Cryoport, Inc. completed the acquisition of its CRYOPDP Business by designated affiliates of DHL Supply Chain International Holding B.V. This transaction involved the divestiture of 100% of the capital stock and voting rights of specific entities operating under the trade name 'CryoPDP'. The company has entered into several related agreements, including a master partnership agreement and a transition services agreement. The press release announcing the completion was issued on June 12, 2025, and additional pro forma financial information was provided in the filing, showcasing the financial impact of the transaction.

Form Type: 8-K

Filing Date: 2025-03-31

Corporate Action: Acquisition

Type: New

Accession Number: 000110465925029642

Filing Summary: On March 31, 2025, Cryoport, Inc. entered into a Sale and Purchase Agreement with DHL Supply Chain International Holding B.V. to divest its global specialty courier business, "CryoPDP." The transaction involves the sale of 100% of the capital stock and voting rights of several entities operating under the CryoPDP trade name. The total enterprise value is pegged at $195 million, with approximately $138 million expected in cash upon transaction completion. Additionally, DHL will settle outstanding intercompany loans, estimated at $67 million. The transaction is subject to standard closing conditions and regulatory approvals, with expectations to close in Q2 or Q3 of 2025. The agreement includes standard representations, warranties, and covenants, prohibiting the sellers from competing with the business for three years after closing. A joint press release regarding the agreement was issued on the same date.