Blackstone Tactical Opportunities has made 14 investments. Duane Morris acted as legal advisor to CCG. Authenticated Stamp Guaranty (ASG) and Collectibles Authentication The industry leader for online information for tax, accounting and finance professionals. NGC, NCS, PMG, CGC, CCS, CSG, ASG, CAG and CCG are the registered vision that we would transform collectibles into an asset class that is Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. 2021 Certified Collectibles Group. Chrome Extension. This copy is for your personal, non-commercial use only. CoinWeek does not buy or sell coins or numismatic material and No endorsement or affiliation to or from CoinWeek.com is made. Opportunities business (Blackstone) have agreed to acquire a majority For more information visit: https://www.sustanagroup.com/, For Blackstone: Our 2020 investment funded a strategic acquisition that expanded Cryoports product offering and strengthened their ability to provide fully integrated, end-to-end supply chain solutions. Further information is available at www.blackstone.com. For information on our privacy practices see our Privacy Policy. (608) 807-9033 assets under management and a strong track record of creating value and a Keep up with information updates and partner information. Mark Salzberg, CCGs founder, and ", On behalf of ZOs management team, we are thrilled to work with Dr. Zein Obagi and our new partner in Blackstone,", Ram Jagannath, global head of health care for Blackstone Growth and Tactical Opportunities, said: , Skin Healths results-driven products are best-in-class in the physician market, and their position as a trusted skin care brand has made them a market leader and partner to medical professionals. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. jarmstrong@collectiblesgroup.com. This copy is for your personal, non-commercial use only. forefront of the fast-growing global collectibles industry with offices on for the transaction. Blackstone Tactical Opportunities has invested in Finance of America Companies on May 18, 2022. We do this by using extraordinary people and flexible capital to help companies solve problems. In conjunction with Blackstone's investment in Cryoport, Cryoport will appoint Ram Jagannath, Senior Managing Director and Global Head of Healthcare for Blackstone Growth and Tactical Opportunities, to its Board of Directors upon the closing of the transaction. athletes, recording artists, and other leaders across entertainment and Blackstone Tactical Opportunities Announces Acquisition of Sustana, a Leading Manufacturer of Sustainable Recycled Fiber, Paper and Packaging, Blackstone acquires Sustana Group from HIG Capital, Notizie da AC Ventures, Lowercarbon Capital, Borderless Capital, INVL Asset Management, HIG Capital, Blackstone Tactical Opportunities, Lee Equity Partners. With the acquisitions of MVE, CryoPDP and Cryogene, Cryoport will provide fully integrated, end-to-end supply chain solutions to cell and gene therapy clients as well as the broader life sciences industry. Considering all of the many advantages of our business, being a part of Blackstone is the single biggest differentiator and the one which is hardest to replicate.. For Sustana Golub Capital led the financing for the transaction. Our team has built a leading sustainability platform in our markets and Sustana is well positioned for robust continued growth in partnership with Blackstone.. Matt Anderson Unilever Prestige Beauty Sales Drive Q1 2023 Results. Janell Armstrong, Marketing Coordinator The Tac Opps team invests globally across asset classes, industries and geographies, seeking to identify. All Rights Reserved. mariel.seidmangati@blackstone.com To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Tactical Opportunities - Blackstone Tactical Opportunities We provide opportunistic capital, timely investing decisions and differentiated solutions. Otherwise, we will assume you're OK to continue. This marks an exciting time in our growth as we become a larger and more comprehensive global player in supporting the fast growing cell and gene therapy industry and the life sciences industry, at large, with the most advanced and reliable temperature-controlled supply chain solutions in the world. Additional investors in todays transaction include Roc Nation; Michael Rubin, founder and executive chairman of Fanatics; SC.Holdings, a growth equity platform; Mastry, founded by Rudy Cline-Thomas; Andre Iguodala; Daryl Morey, President of Basketball Operations for the Philadelphia 76ers; and Main Street Advisors, a leading investment advisory firm to prominent athletes, recording artists, and other leaders across entertainment and business. Dec. 3, 2021 - Blackstone on Dec. 2 announced that funds managed by its Blackstone Tactical Opportunities business ("Blackstone") have acquired Sustana Group from an affiliate of H.I.G. Cryoport cautions investors not to place undue reliance on the forward-looking statements contained in this press release, which speak only as of the date of this press release. acquiring new technologies and developing its digital presence. Follow Blackstone on Twitter @Blackstone. Blackstone Tactical Opportunities Tactical Opportunities (Tac Opps) is Blackstone's opportunistic investment platform. 100% recycled fiber for use in direct food contact packaging. +1 -855-327-6837 (U.S.), +1 631-891-4304 (International). To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. All other names and marks referenced in this release are the United States 1944-P Jefferson War Nickel, Croatia Celebrates 30 Years of Independence With Limited Edition Gold and Silver Coin Sets. is one of the worlds leading investment firms with nearly $650 billion in . Headquartered in De Pere, Wisconsin, Sustana Group, which comprises Sustana Fiber and Rolland, uses post-consumer . To receive email alerts from Blackstone, sign up below. Blackstone has amassed about $5 billion for the Blackstone Tactical Opportunities Fund IV, which was initially aiming to raise only $4 billion, Reuters previously reported. Blackstone Tactical Opportunities acquires Sustana Group on 2021-12-01 for an undisclosed amount. ", Ram Jagannath, global head of health care for Blackstone Growth and Tactical Opportunities, said: ZOSkin Healths results-driven products are best-in-class in the physician market, and their position as a trusted skin care brand has made them a market leader and partner to medical professionals. Capital (H.I.G.). We have been closely following the rise of the For press inquiries, contact[emailprotected]. look for exceptional entrepreneurial teams succeeding in growing markets, Announced . new collectors and investors, added Steven R. Eichenbaum, CEO at CCG. Japan remains a key market for Blackstone - today, we have a dedicated team on the ground, focused on building our portfolio and bringing innovative opportunities to a wider group of investors." Words or phrases such as "believe," "may," "could," "will," "estimate," "continue," "anticipate," "intend," "seek," "plan," "expect," "should," "would" or similar expressions are intended to identify forward-looking statements. The CCG companies include Numismatic Guaranty Corporation (NGC), Numismatic Conservation Services (NCS), Paper Money Guaranty (PMG), Certified Guaranty Company (CGC), Classic Collectible Services (CCS), Certified Sports Guaranty (CSG), Authenticated Stamp Guaranty (ASG) and Collectibles Authentication Guaranty (CAG). "We can now far better understand the biological pathways that drive the behavior of cells", e.l.f. Since 1987, the CCG companies have certified more than 60 Additional investors in todays transaction include Roc Nation; Michael The skin tool rates ingredients on a scale of best to worst based on cited research from a broad range of fields including anatomy, physiology, dermatology, cosmetic chemistry, genetics, environmental science and safety. 3 Ways Beauty Companies Can Prepare for MoCRA. Founded in 1987 in Washington, DC, our global team today is comprised of more than 2,100 professionals operating in 29 offices across 5 continents . Previously: 3 Emerging Trends in the Post-COVID World of Skin Care HH Globals track record for building long-term, trusted client relationships and its technology focus has created significant runway for future growth as corporations are increasingly outsourcing services to improve their return on marketing investment. Through our purpose-built, proprietary Cryoport Express Shippers; Cryoportal information technology; validated Global Logistics Centers; smart and sustainable temperature-controlled logistics solutions; and biostorage/biobanking services, Cryoport serves clients in life sciences research, clinical trials, and product commercializations. Supply Chain. Oddity's Revela Acquisition Scales Up AI Beauty Ingredients for D2C Launches, Advances in computation and molecular biology have ushered in a new era of discovery and development," said Evan Zhao, Ph.D., Revela co-founder and CEO. create positive economic impact and long-term value for investors, the Our $731 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. This transaction represents a hallmark event with two supporting life science leaders, Cryoport and MVE Biological Solutions, coming together to further de-risk processes for the life sciences industry at a time when these services are poised for exponential growth. 2023 Allured Business Media. About BlackstoneBlackstone is one of the worlds leading investment firms and seeks to create positive economic impact and long-term value for investors, the companies they invest in, and the communities in which they work. All rights reserved. From the moment we met the Blackstone team, we could tell that we shared the same vision for the future of our company and the global collectibles industry.. incredible to be a part of this journey as we achieved and then exceeded We do this by using extraordinary people and flexible capital to help companies solve problems. All News, Articles, Commentary and Opinions are contributed by the author(s), with or without compensation, who are solely responsible for the content, and do not represent CoinWeek Management. management include investment vehicles focused on private equity, real It further entrenches us in the cell and gene therapy supply chain ecosystem at a time when cell and gene therapies are experiencing rapid and sustained growth, and with an even more exciting growth story ahead. Our $731 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. business. ", On behalf of ZOs management team, we are thrilled to work with Dr. Zein Obagi and our new partner in Blackstone,"said president and CEO at ZO Skin Health, Mark Williams. SARASOTA, FLA. (July 1, 2021) Blackstone (NYSE:BX) announced today that funds managed by its Tactical Opportunities business ("Blackstone") have agreed to acquire a majority stake in the Certified Collectibles Group ("CCG") in a transaction valuing the company at more than $500 million. DIBS Beauty's L Catterton Investment will Propel Brick-and-mortar Retail Expansion, Jeff Lee, the brand's CEO and founder, notes, "Our makeup goes where our customers go, and we intend to meet them both across our rapidly expanding digital channels and in brick-and-mortar retailers. 236[emailprotected]. In 2019, we invested in ARKA, an advanced technologies company serving the U.S. military, intelligence community and commercial space industry. Golub Capital led the financing help the company continue and even accelerate its impressive growth Swedish oat-milk maker Oatly has sold a $200 million stake to a group led by private-equity giant Blackstone Group that includes Oprah Winfrey, Natalie Portman, former Starbucks chief Howard . Follow Blackstone on Twitter @Blackstone. C. C. Melvin Ike, Principal at Blackstone, said: As thematic investors, we look for exceptional entrepreneurial teams succeeding in growing markets, and CCG is a great example. To access the replay of the webcast, please follow this link. By submitting this request, you consent to receive email from Blackstone. Blackstone ( NYSE:BX) announced today that funds managed by its Tactical Opportunities business have agreed to acquire a majority stake in the Certified Collectibles Group (CCG) in a transaction . visit collectiblesgroup.com. magazines, concert posters, stamps, trading cards, sports cards and estate (July 1, 2021) Blackstone (NYSE:BX) announced today that funds managed by its Tactical Opportunities business ("Blackstone") have agreed to acquire a majority stake in the Certified. To receive email alerts from Blackstone, sign up below. services for collectibles. Blackstone (NYSE:BX) announced today that funds managed by its Tactical Opportunities business ("Blackstone") have agreed to acquire a majority stake in the Certified Collectibles Group ("CCG") in a transaction valuing the company at more than $500 million. We were one of the earlier investors and have since built world-class platforms, driven by our confidence in the sector's continued growth. Subscribe to Monthly Greysheet for the industry's most respected pricing and to read more articles just like this. For press inquiries, contact[emailprotected]. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. "We are thrilled to partner with ZO, Dr. Zein Obagi and the management team to continue to serve patients. Chibuike reports on mostly large U.S.-based private equity firms, including Blackstone, KKR, Carlyle, and Apollo. OR help companies solve problems. All rights reserved.NGC, NCS, PMG, CGC, CCS, CSG, ASG, CAG and CCG are the registered trademarks or unregistered trademarks of Numismatic Guaranty Corporation of America, and/or its related companies in the United States and/or other countries. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Directly lead and manage the Criminal History, Expunctions, Public Counter, Fax Account, and Subpoena Units. It has also raised an extra $5 billion in separately managed accounts from investors that will invest alongside the main fund, said the sources, who declined to named because the matter is confidential. Duane Morris acted as legal advisor to CCG. SARASOTA, FLA. (July 1, 2021) Blackstone (NYSE:BX) announced today that funds managed by its Tactical Opportunities business (Blackstone) have agreed to acquire a majority stake in the Certified Collectibles Group (CCG) in a transaction valuing the company at more than $500 million. SARASOTA, FLA. (July 1, 2021) Blackstone (NYSE:BX) announced today that funds managed by its Tactical Opportunities business ("Blackstone") have agreed to acquire a majority stake in the Certified Collectibles Group ("CCG") in a transaction valuing the company at more than $500 million. Classic Collectible Services (CCS), Certified Sports Guaranty (CSG), Blackstone is the world's largest alternative asset manager. Blackstone is one of the worlds leading investment firms with nearly $650 billion in assets under management and a strong track record of creating value and a positive impact for the companies it acquires and the communities that they serve. Blackstone Our mission is to support life and health on earth by providing reliable and comprehensive solutions for the life sciences industry through our advanced technologies, global supply chain network and dedicated scientists, technicians and supporting team of professionals. Matthew.Anderson@Blackstone.com Switchboard:+1 (212) 583-5000. Blackstone Tactical Opportunities is set to acquire the Certified Collectibles Group, a leading provider of Tech-Enabled Authentication, Grading and Conservation Services for the Global Collectibles Industry. The merger, combined with a $5 million Series B funding round, will facilitate new product development and expansion into new international markets. England; Munich, Germany; and Shanghai and Hong Kong, China. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. The preferred stock will be convertible into shares of Cryoport's common stock at a conversion price of $38.6152 per share, representing a premium of 15% to Cryoport's 30 trading day volume-weighted average price (VWAP) as of August 20th, 2020 prior to the announcement of the CRYOPDP acquisition and the $25 million of common stock will be sold at a price of $37.0076 per share. It is important to note that Cryoport's actual results could differ materially from those in any such forward-looking statements. Today, CCG sits at the forefront of the fast-growing global collectibles industry with offices on three continents, robust digital offerings and comprehensive certification services for collectibles. Canada Blackstone markets its tactical opportunities funds as products that provide "opportunistic capital", which is not limited to any industry, geography, or specific group of assets, enabling it to make investments from data centers and ports to dating apps and women's wear. In 2020, Tac Opps made an investment in Diligent, a leading governance, risk and compliance (GRC) SaaS provider. This website uses cookies, including third-party cookies, in order to obtain information about your visit to the website and make this website better. TD Securities served as financial advisor to Blackstone, and Weil, Gotshal & Manges; Davies Ward PhillIps & Vineberg; and Simpson Thacher & Bartlett LLP served as legal advisors. These forward-looking statements include, but are not limited to, statements concerning closing of the MVE acquisition and the related Blackstone investment, the potential benefit of Cryoport's acquisition of MVE and the estimated or anticipated future business, performance and results of operations following the transaction. Assist with leading and managing the Tow/Repossession Unit and the Staff Review Unit. Switchboard:+1 (212) 583-5000. About Blackstone Tactical OpportunitiesTactical Opportunities (Tac Opps) is Blackstones opportunistic investment platform. Our team has built the leading sustainability platform in our markets and Sustana is well positioned for robust continued growth in partnership with Blackstone.. Tactical Opportunities is Blackstone's platform investing globally across asset classes, industries and geographies, seeking to identify and execute on attractive, differentiated investment. The Tac Opps team invests globally across asset classes, industries and geographies, seeking to identify and execute on attractive, differentiated investment opportunities. CCGs leadership team will remain in place, combining their experience and that add value and liquidity to collectibles. Mark Salzberg, Founder of CCG, said: When I established CCG, I had a vision that we would transform collectibles into an asset class that is trusted by collectors, dealers and investors around the world. three continents, robust digital offerings and comprehensive certification these goals. Blackstone has raised three previous tactical opportunities funds that cumulatively collected about $16.4 billion from investors since the first of them was first launched in 2012. To view recent press releases, click here. Sustana Group is the manufacture of sustainably produced, premium recycled fiber and paper, utilizing post-consumer material. Exclusive news, data and analytics for financial market professionals, Reporting by Chibuike Oguh in New York; Editing by Stephen Coates, First Republic collapse sparks regional bank shares sell-off, JPMorgan wins government auction to buy seized First Republic Bank, Ford's Kentucky Truck Plant road-tests a new quality strategy, Lordstown shares plunge 48% as investor Foxconn alleges agreement breach. companies they invest in, and the communities in which they work. We support life-saving advanced cell and gene therapies and deliver vaccines, protein producing materials, and IVF materials in over 100 countries around the world. I am excited to join with Blackstone as we enter the next phase of growth for CCG and the collectibles market., We are thrilled to be partnering with Blackstone during this key point in the industry as the collectibles market continues to accelerate and attract new collectors and investors, added Steven R. Eichenbaum, CEO at CCG. SARASOTA, FLA. (July 1, 2021) All rights reserved. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in. In early 2020, Tac Opps invested in HH Global, the global tech-enabled creative production and procurement partner to some of the worlds leading brands. Numismatic Guaranty Corporation (NGC), Numismatic Conservation Services Your identity will be restricted to first name/last initial, or a user ID you create. Report: Boost Lab x tbh Skincare Merge to Form York Street Brands. 236 Blackstone is the worlds largest alternative asset manager. For office-specific contact information, please visitour offices page. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. To learn more, This acquisition is a further step in Cryoport fulfilling its mission of being "the life sciences industry's preeminent partner for temperature-controlled supply chain solutions" by broadening its footprint of solutions and services to the life sciences industry, and in particular to the fast-growing cell and gene market. CCGs leadership team will remain in place, combining their experience and expertise with Blackstones extensive resources. Mariel Seidman-Gati Sign up to receive financial updates and information. Except as required by law, Cryoport disclaims any obligation, and does not undertake, to update or revise any forward-looking statements in this press release. Together, we are committed to grow our brand globally and are excited for the next stage of growth for ZO. Este Lauder Companies' Vice Chairman Retiring July 2023. The Tac Opps team invests globally across asset classes,. About Blackstone and Blackstone Tactical Opportunities. Showing 1 to 20 of 65 vacancies. Contact: 332-999-6154. To fund the acquisition, Cryoport is receiving a $275 million investment from funds managed by Blackstone Tactical Opportunities (NYSE: BX) ("Blackstone"). Learn More $33B Assets Under Management 161 Investments 147 Tac Opps Professionals Globally WHAT WE DO We invest flexible capital to construct a differentiated portfolio for our investors. This team invests globally across asset classes, industries and geographies, seeking to identify and execute on attractive, differentiated investment opportunities. Jerrell Shelton, CEO of Cryoport, said, "The acquisition of MVE Biological Solutions represents an important step in carrying out Cryoport's mission. Closing is expected by the end of the year, subject to regulatory approval and customary closing conditions, MVE's revenue for 2019 was approximately $83.7 million and it is expected to be immediately accretive. Factors that could cause actual results to differ materially include, but are not limited to, (1) the conditions to the closing of the MVE acquisition or the Blackstone investment may not be satisfied; (2) the MVE acquisition or the Blackstone investment may involve unexpected costs, liabilities or delays; (3) the business of the Company may suffer as a result of uncertainty surrounding the MVE acquisition or the Blackstone investment; (4) the occurrence of any event, change or other circumstances that could give rise to the termination of the MVE purchase agreement or the Blackstone investment agreement; (5) risks and uncertainties associated with the effect of changing economic conditions, (6) trends in the products markets, (7) variations in Cryoport's cash flow, (8) market acceptance risks, (9) technical development risks and (10) other risks to the consummation of the MVE acquisition or the Blackstone investment, including the risk that the MVE acquisition or the Blackstone investment will not be consummated within the expected time period or at all.
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