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Golub Capital Provides One-Loan Debt Facility To Finance Acquisition Of California Cryobank By Longitude Capital And NovaQuest Capital

September 6, 2014

By a News Reporter-Staff News Editor at Investment Weekly News -- Golub Capital announced that as Sole Lead Arranger and Administrative Agent it provided a GOLD financing to support the acquisition of California Cryobank Inc. ("CCB" or the "Company") by Longitude Venture Partners II, L.P. ("Longitude") and NovaQuest Pharma Opportunities Fund III, L.P. ("NovaQuest"). GOLD financings are Golub Capital's One-Loan Debt facilities.

Headquartered in Los Angeles, CA, California Cryobank Inc. ("CCB" or the "Company") has built a strong, global presence in both fertility and cellular therapy, two of the most important and fastest-growing areas in healthcare.

"With its leading market position, differentiated value proposition, and best-in-class leadership team, 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.

Keywords for this news article include: Golub Capital, Investment Companies.

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Source: Investment Weekly News

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