GI Partners’ Acquisition and Combination of Cord Blood Registry and California Cryobank


Paul Hastings LLP advised GI Partners, a leading private equity firm, in connection with its acquisitions of California Cryobank, the world’s premier donor sperm and egg bank, and Cord Blood Registry, the world’s largest stem cell collection and storage company, and combination of the two businesses.

California Cryobank, the world’s leading donor sperm and donor egg bank, has signed a definitive agreement for GI Partners, a private equity investment firm, to acquire the company from leading healthcare investors Longitude Capital and NovaQuest Capital.

In a separate transaction announced today, GI Partners has also entered into a definitive agreement with AMAG Pharmaceuticals, Inc. (NASDAQ:AMAG) to acquire Cord Blood Registry (CBR), the world’s largest stem cell collection and storage company. Following the close of both transactions, California Cryobank and CBR will join together in a newly combined entity that will operate under the California Cryobank Life Sciences platform, bringing together best-in-class organizations to provide enhanced domestic and international expansion opportunities in both the donor reproductive tissue and newborn stem cell industries.

Paul Hastings advised GI Partners with a team including Brandon Howald (Picture), Jason Rednour, Leveraged Finance partner Lindsay Sparks and Tax partner Ziemowit Smulkowski; Corporate of counsel Jeremy Rocklage; and associates Joe Swanson, Sam Ghaffarzadeh, Cameron Cotton, Stan Kalminsky and law clerk Justin Montis.

Involved fees earner: Brandon Howald – Paul Hastings; Jason Rednour – Paul Hastings; Jeremy Rocklage – Paul Hastings; Joseph Swanson – Paul Hastings; Sam Ghaffarzadeh – Paul Hastings; Cameron Cotton – Paul Hastings; Stan Kalminsky – Paul Hastings; Lindsay Sparks – Paul Hastings; Ziemowit Smulkowski – Paul Hastings;

Law Firms: Paul Hastings;

Clients: GI Partners;