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Cell Care bought by US private equity firm
International law firm Allens has advised US private equity firm GI Partners and its portfolio company, Generate Life Sciences, on the latter’s acquisition of Cell Care.
Emma Musgrave
Firm: Allens (GI Partners).
Value: Undisclosed.
Area: M&A, corporate.
Key players: The legal team advising GI Partners was led by corporate partner Kounny Rattley, with assistance from senior associate James Nguyen, associate Alex Selig and lawyer Terence Zhou.
Deal significance: Cell Care is Australia’s leading cord blood and tissue bank. In its years of operation, the company has collected and stored the most cord blood and tissue samples in Australia. Further, it wholly controls Canada’s largest cord blood banking program, Insception.
Generate’s acquisition of Cell Care aims to combine the Cell Care business with its existing US cord banking business, which operates North America’s largest cord blood bank.
“The acquisition will create an international platform from which to offer reproductive, genetic and stem cell services, as well as advancing newborn stem cell and regenerative medicine research,” a statement from Allens said.
Commenting further, lead partner Ms Rattley said: “We congratulate GI Partners and Generate Life Sciences on this important transaction, which sees Generate Life Sciences add a significant piece of the puzzle to its global expansion.
“The transaction comes amid growing demand from overseas private equity sponsors for high-quality Australian businesses. We’re seeing more and more international sponsors looking to create global synergies and diversified portfolios through Australian acquisitions.”
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
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