SkyCell welcomes Lazard Asset Management as a shareholder
SkyCell is pleased to welcome Lazard Asset Management as a new shareholder, following their recent acquisition of a minority stake in our company. The transaction closed in March 2023.
Founded in 1848, LAM is a subsidiary of Lazard Ltd (NYSE: LAZ), and offers a range of equity, fixed income, and alternative investment products worldwide. More than 300 investment professionals manage approximately $216 billion across a wide range of global, regional and country-specific strategies – both traditional and alternative – in listed equity and fixed income.
Mark Little, Managing Director and Portfolio Manager at Lazard Asset Management, commented on the investment: “Since its founding over 10 years ago, SkyCell has built a business that measurably improves the pharmaceutical supply chain. Biologics is a rapidly growing segment of the pharmaceuticals market – creating a growing need for high-performing, affordable, and energy-efficient logistics solutions – and SkyCell is well positioned to help pharma companies reduce risk in transporting these temperature-sensitive drugs. We are excited about our investment in SkyCell and look forward to our partnership with them.”
We’re proud to have earned the trust and support of an investor of Lazard Asset Management’s calibre. This is a testament to the quality of our products and business, as well as our growth ambition as a global leader in temperature-controlled container solutions and as a trusted partner to pharmaceutical companies worldwide.
At SkyCell, our mission is to design and manufacture smart hybrid containers that allow pharmaceutical companies to predict and eliminate the risks associated with transporting temperature-sensitive drugs.
With Lazard Asset Management as a new shareholder, we’re confident that we’ll be able to accelerate our innovation, expand our reach, and provide even more value to our customers. We’re grateful for their support and look forward to a fruitful partnership in the years to come.
GlobalEye Capital acted as the exclusive financial coordinator for SkyCell.