The Private Equity and Healthcare teams in the US, UK and Luxembourg advised CSafe Global, a portfolio company of Frazier Healthcare Partners and Thomas H. Lee Partners, on the completion of its acquisition of Softbox Systems, provider of temperature control packaging to the biotech and pharmaceutical industries.
Softbox, headquartered in Long Crendon, England, is a global innovator and provider of passive temperature control packaging solutions for the pharmaceutical, life science and cold chain logistics industries. Notably, Softbox supplies Pfizer with the ultra-low temperature controlled parcel shipper required in the distribution of its Covid-19 vaccines.
CSafe, headquartered in Dayton, Ohio, USA, is an international manufacturer and provider of cold chain equipment and thermal shipping services, and the only global provider of a full line of active and passive temperature controlled cold chain solutions, including active air cargo solutions as well as passive parcel and cell and gene solutions.
Founded in 1991, Frazier is a leading provider of growth capital to healthcare companies. The firm has made investments in over 170 healthcare companies, with investment types ranging from company creation and venture capital to growth buyouts and leveraged recapitalizations. Frazier’s experienced team takes an active approach to help build portfolio companies, leveraging the team’s deep domain expertise and expansive network of healthcare executives, advisors, and industry leaders.
THL, headquartered in Boston, is a premier private equity firm investing in growth companies.
The Goodwin team consisted of Jared Spitalnick, Richard Lever, Michael Miller, Stanislav Shishkin, Gartan Tracey, Charlie Lord, Kit Bottomley, Brian Hannon, Olivia Armstrong and Alexandra Mulligan (Private Equity); Jennifer Bralower, Christopher Steinroeder, Simon Fulbrook, Natalie Ong, Sarah Mackin, and Hannah Shepherd (Debt); Katie Leah, Eric Willenbacher, Benjamin Gossels, and Rebecca Wallis (Tax); Ai Tajima (W&I); Gretchen Scott, Genevieve Watt, Nikhil Vyas and Heath Ingram (Commercial/IP/IT); Andrew Lacy, Kara Kuritz, and Ortal Ben Aharon (Antitrust); Andy Barton, Emilie Pfister, and Scott Bailer (US Employment and Benefits); and Alexandrine Armstrong-Cerfontaine, Oana Millich and Florian Brandelong (in respect of Luxembourg law matters).
For additional details, please read the press release.