
PORTUGAL - Riverside acquires Crioestaminal
US private equity firm Riverside has acquired a 67% stake in biotechnology business Crioestaminal for an undisclosed sum.
Based in Cantanhede, Crioestaminal was established in 2003 as a biotechnology company specialising on the isolation and cryopreservation of stem cells from umbilical cord blood.
The company is the third-largest player in Europe in number of samples stored. It has had a presence in Italy through Hematos since 2006, and in Spain where it established a subsidiary with its own sales force, starting operations in April 2008.
Riverside typically invests in SMEs with a value of up to EUR 150m.
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