California Cryobank Acquired by Equity Investors
Summary
California Cryobank (CCB), a global provider of reproductive tissue donor services and storage and stem cell banking, has been acquired by equity investors Longitude Venture Partners II, L.P. and NovaQuest Pharma Opportunities Fund III, L.P.The acquisition of CCB was financed through a combination of equity contributed by Longitude and NovaQuest and debt provided by Golub Capital.Founded in 1977 by Dr. Charles Sims and Dr. Cappy Rothman, California Cryobank has built a global presence in both fertility and cellular therapy.Its Reproductive Division is a large provider of anonymous donor sperm services and private reproductive tissue storage while its Stem Cell Division is one of the most active stem cell banking businesses in the world.The company operates throughout the United States, as well as Europe, South America and Asia.