Daily News: August 21, 2014

Golub Finances Acquisition of Cryobank

Golub Capital announced it acted as sole lead arranger and administrative agent, providing a GOLD financing, to support the acquisition of California Cryobank by Longitude Venture Partners and NovaQuest Pharma Opportunities Fund. GOLD financings are Golub Capital’s One-Loan Debt facilities.

Los Angeles, CA-based Cryobank has built a global presence in both fertility and cellular therapy.

“CCB is well-positioned to capitalize on the attractive growth opportunities within reproductive tissue donor services and storage and stem cell banking,” stated Jonathan Pearl, principal at Golub Capital. “We are excited to support the company’s growth and partner again with Longitude and NovaQuest and the management team at CCB.”

“Golub Capital brought unique value to the transaction by tailoring its financing solution to meet CCB’s growth plan,” said Dr. Gregory Grunberg, managing director at Longitude. “We appreciated their solution-oriented approach.”

“Consistent with our prior experience, Golub has proven again to be a reliable partner,” added William Robb, partner at NovaQuest.