Polski Bank Komórek Macierzystych S.A. (PBKM), which leads the international FamiCord Group, Europe’s largest stem cell bank, signed a transaction agreement with shareholders of Smart Cells Holdings Limited, based in London UK, to acquire a majority stake in the stem cell bank operating in Great Britain, Middle East (United Arab Emirates, Lebanon, Oman, Bahrain, Kuwait and others) and Hong Kong.
The transaction was closed on August 4th, 2021. FamiCord acquired 84.2 percent of shares in Smart Cells Holdings Limited. The transaction was financed from PBKM’s own funds.
“We are very pleased to welcome another well-organized and highly efficient stem cell bank to the FamiCord Group. This is another step in our strategy towards consolidation of the European family cord blood banking market which itself attracts multiple takeover targets we are interested in. By making this move we also entered new markets, substantially strengthen our position in Europe and our global presence on the markets in Middle East (United Arab Emirates, Lebanon, Oman, Bahrain , Kuwait and others) and Hong Kong, where Smart Cells Holdings operates.”- says Jakub Baran, the co-founder, a shareholder and the President of the Management Board of PBKM S.A.