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. It is important to note that Cryoport's actual results could differ materially from those in any such forward-looking statements. He previously worked at Bloomberg News, and holds master's degrees in journalism from New York University and Edinburgh Napier University. differentiated investment opportunities. 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. 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. 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. 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 . Now clients seeking a more sustainable option can get the best of both worlds with our thin wall PET bottles and extrusion blow molding (EBM). create positive economic impact and long-term value for investors, the 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. 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. We look forward to partnering with the company and its management team to continue accelerating their further expansion as they deliver leading sustainability products and solutions to their customers., Fabian De Armas, CEO and Chairman of Sustana, said: Blackstones investment is a strong endorsement of our Company and our highly talented team, and launches an exciting new chapter for Sustana. Founded in 1987, CCG offers authentication, grading and conservation services that have unlocked billions of dollars in secondary market value. See here for a complete list of exchanges and delays. "We are thrilled to partner with ZO, Dr. Zein Obagi and the management team to continue to serve patients. To access the replay of the webcast, please follow this link. Certainty. Tactical Opportunities (Tac Opps) is Blackstone's opportunistic investment Blackstone (NYSE:BX) announced today that funds managed by its Blackstone Tactical Opportunities business ("Blackstone") have acquired Sustana Group ("Sustana" or the "Company"), a leading manufacturer of premium, sustainable recycled fiber, paper and packaging products, from an affiliate of H.I.G. these goals. 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. Dr. Zein Obagi, the founder of ZO Skin Health, said:The Blackstone team supports both my vision of delivering healthy skin to all people and the business potential of the company. Chibuike reports on mostly large U.S.-based private equity firms, including Blackstone, KKR, Carlyle, and Apollo. Today, CCG sits at the *. Are You Putting A Great Oil Product In A Leaking Bottle? Otherwise, we will assume you're OK to continue. 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. items. estate, public debt and equity, life sciences, growth equity, Our Firm. Further information is available at www.blackstone.com. Their most recent investment was on May 18, 2022, when Recurrent Ventures raised $300M. While the legislation will continue to morph over the next few years with additional guidelines, there are three things that all beauty companies can do to prepare for whats passedand whats nextwhen it comes to modernizing. The Tac Opps team invests globally across asset classes, By submitting this request, you consent to receive email from Blackstone. Together, we are committed to grow our brand globally and are excited for the next stage of growth for ZO. By selecting the relevant option, you certify that it accurately reflects your residency. that add value and liquidity to collectibles. Follow Blackstone on Twitter @Blackstone. Under the terms of its investment, Blackstone will purchase $250 million of a newly designated Perpetual 4% Series C Convertible Preferred stock of the Company, with a purchase price of $1,000 per share, and $25 million ofcommon stock of the Company. 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.. million coins, banknotes, comic books, trading cards, sports cards, stamps, 2. Search Crunchbase. Blackstone We have been closely following the rise of the global physical and digital collectibles industry for several years and we were drawn to CCG because of their leadership role in the categories that they serve, and Blackstones ability to grow the platform through both organic and inorganic initiatives. Mark Salzberg, CCGs founder, and Individual Investors & Financial Advisors. Follow Blackstone on Twitter @Blackstone. Cryoport's business could be affected by a number of other factors, including the risk factors listed from time to time in Cryoport's SEC reports including, but not limited to, Cryoport's 10-K for the year ended December 31, 2019, Cryoport's Quarterly Report on Form 10-Q for the quarter ended June 30, 2020 and any subsequent filings with the SEC. the company at more than $500 million. Switchboard: +1 (212) 583-5000. 100% recycled fiber for use in direct food contact packaging. It has been Subscribe to Monthly Greysheet for the industry's most respected pricing and to read more articles just like this. (NCS), Paper Money Guaranty (PMG), Certified Guaranty Company (CGC), services for collectibles. Sustana Group, comprised of Sustana Fiber and Rolland, is committed to industry-leading product quality, continuous improvement and environmental stewardship by innovating solutions that are better for business, better for the environment and better for society at large. Unilever Prestige Beauty Sales Drive Q1 2023 Results. Secrets of the Rare Coin & Bullion Business. We have been closely following the rise of the Capital (H.I.G.). ", Coty x Spatial Launching Coty Campus Metaverse for Employees. From the moment we met the Blackstone team, we could tell that we shared To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Financial Advisors, visit our dedicated website to learn how you can partner with Blackstone. About Certified Collectibles Group (CCG)CCG is a leading provider of expert, impartial and tech-enabled services that add value and liquidity to collectibles. Start Free Trial . Goldman Sachs & Co. LLC acted as exclusive financial advisor to CCG. United States 1944-P Jefferson War Nickel, Croatia Celebrates 30 Years of Independence With Limited Edition Gold and Silver Coin Sets. three continents, robust digital offerings and comprehensive certification 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. Mark Salzberg, founder of CCG, said: When I established CCG, I had a Individual Investors & Financial Advisors. Please click here if you would like more information about the cookies used on this website and how to change your cookie settings. All rights reserved. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. NEW YORK, Feb 23 (Reuters) - Blackstone Inc (BX.N), the world's largest private equity firm, is set to raise as much as $10 billion for its tactical opportunities strategy, which gives it. Follow Blackstone on Twitter @Blackstone. Tactical Opportunities is Blackstone's platform investing globally across asset classes, industries and geographies, seeking to identify and execute on attractive, differentiated investment. Portions of this site are directed only to persons in certain jurisdictions. 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. As part of our thematic work in aerospace and government services, Tac Opps is focused on innovative companies working to deliver breakthrough solutions to the public sector. "We can now far better understand the biological pathways that drive the behavior of cells", e.l.f. Blackstones $649 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. Through this strategy, Blackstone acquired a majority stake in women's wear brand SPANX Inc in a deal that valued the firm at $1.2 billion, and it paid $3 billion for control of dating app Bumble Inc (BMBL.O) before its initial public offering in 2021. Tactical Opportunities - Blackstone Tactical Opportunities We provide opportunistic capital, timely investing decisions and differentiated solutions. Private Equitys First-Quarter Fundraising Dollars Hold Steady but Closings Fall, Ares Management Profit Lifted by Management Fees, Private Investors Looking to Capitalize on Nearshoring Trends Turn to Mexico, I Squared Capitals Andreas Moon Leaves Firm He Helped Build. Blackstone Group's Tactical Opportunities Group struck a deal to acquire specialty insurer Philadelphia Financial Group from publicly traded Tiptree Financial Inc. for about $155 million in cash plus an additional $10 million to be paid over two years. ", Ram Jagannath, Senior Managing Director of Blackstone, said, "Life sciences and logistics are two of Blackstone's highest-conviction investment areas and we're excited to back an industry-leader at the cross-section of these fast-growing sectors. Mark Salzberg, CCG's founder, and Steven R. Eichenbaum, CCG's CEO, will retain a significant . Matthew.Anderson@Blackstone.com For office-specific contact information, please visit our our offices page. Authenticated Stamp Guaranty (ASG) and Collectibles Authentication Continuing on our global thematic focus on the data center space, our thesis for this investment was based on the impact of an explosion in consumer data usage on demand for wholesale data centers, particularly in this underpenetrated but rapidly growing market. Previously:3 Emerging Trends in the Post-COVID World of Skin Care. Headquartered in De Pere, Wisconsin, Sustana Group, which comprises Sustana Fiber and Rolland, uses post-consumer . "We will now have greater resources and tools to help us on our path in becoming the leading global physician-dispensed brand. All other names and marks referenced in this release are the CCG has certified more than 62 million of these collectibles, with a combined fair market value approaching $50 billion. 3 Ways Beauty Companies Can Prepare for MoCRA. Rubin, founder and executive chairman of Fanatics; SC.Holdings, a growth ZO Skin Health has announced that BlackStone Tactical Opportunities acquired a majority stake in the business; terms of the transaction were not disclosed. Terms of the deal were not disclosed. Less than a year following our investment, HH Global closed a strategic acquisition of InnerWorkings, and has subsequently completed further acquisitions that extend its global reach and capability, which we believe will power continued growth. Hannover Re is providing financing for the transaction, which is expected to close in the third quarter of 2015. Blackstone Tactical Opportunities is Blackstone's opportunistic investment platform. About Certified Collectibles Group (CCG). 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. CCGs leadership team will remain in place, combining their experience and expertise with Blackstones extensive resources. Mark Salzberg, CCG's founder, and Steven R. Eichenbaum, CCG's CEO, will . Q1 2023 US Beauty Sales Driven by Lips, Prestige Fragrance, Clinical Skin Care & More, Paula's Choice Launches Beautypedia Skin Care Ingredient Checker, Prada Beauty Brings AI-generated Imagery to Latest Instagram Campaign. Switchboard:+1 (212) 583-5000. Capital ("H.I.G."). Our team has built the leading sustainability platform in our markets and Sustana is well positioned for robust continued growth in partnership with Blackstone.. We make investments that traditional investment strategies either dont or cant. athletes, recording artists, and other leaders across entertainment and All Rights Reserved. Bri Tarpey Johnson & Johnson debuted the new consumer health company in October 2022. Today, CCG serves the world of Supply Chain. platform. Additional information regarding the MVE acquisition and the Blackstone investment will be included in a Form 8-K to be filed by Cryoport with the Securities and Exchange Commission. CCG is a leading, global provider of expert, impartial and tech-enabled We do this by using extraordinary people and flexible capital to help companies solve problems. Clea.Bourgeois@edelman.com 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. 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 . Kis digital underwriting and distribution platform provides instant insurance quotes to its clients and significantly improves speed and operating efficiency, setting up Ki to benefit from strong digitalization tailwinds. OR Blackstone is the worlds largest alternative asset manager. Blackstone is one of the worlds leading investment firms and seeks to 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. In 2019, we invested in ARKA, an advanced technologies company serving the U.S. military, intelligence community and commercial space industry. Coty Campus integrates tools such as text and vocal chat discussions, screen-and-filesharing and customizable avatars. expertise with Blackstones extensive resources. Sustana commits to reduce absolute Scope 1 and Scope 2 emissions 42% by 2030 and to measure and reduce its Scope 3 emissions, The Industry Pioneer in Sustainable Fiber and Paper Continues its Dedication to Responsible Business, Sustanas GHG Emissions Reduction Goal Approved by The Science Based Targets initiative, Recycled Fiber and Paper Leader Sustana Joins UN Global Compact, is Committed to Sustainable Development Goals. The Tac Opps team invests globally across asset classes, industries and geographies, seeking to identify and execute on attractive, differentiated investment opportunities. To order presentation-ready copies for distribution to your colleagues, clients or customers visit https://www.djreprints.com. 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. assets under management and a strong track record of creating value and a 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. The call will be recorded and available approximately three hours after completion of the live event on the Investor Relations section of the Company's website at www.cryoport.comfor a limited time. 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. ", 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. See here for a complete list of exchanges and delays. Furthermore, it is the continuation of Cryoport's drive in further developing the highest quality, most reliable and comprehensive temperature-controlled supply chain company supporting the life sciences industry. serve. billions of dollars in secondary market value. Our Standards: The Thomson Reuters Trust Principles. Daryl Morey, President of Basketball Operations for the Philadelphia 76ers; Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. To view recent press releases, click here. This website uses cookies, including third-party cookies, in order to obtain information about your visit to the website and make this website better. mariel.seidmangati@blackstone.com Blackstone will seek to accelerate CCGs growth, enabling the company to invest significantly in its current and planned services, adding and training new employees, expanding its geographic and product reach, acquiring new technologies and developing its digital presence. 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." NASHVILLE, Tenn., Aug. 25, 2020 /PRNewswire/ -- Cryoport, Inc. (NASDAQ: CYRX) ("Cryoport" or the "Company"), a global leader in temperature-controlled supply chain solutions for the life sciences industry, today announced it has signed an agreement to acquire MVE Biological Solutions ("MVE"), a global leader in manufactured vacuum insulated products and cryogenic freezer systems for the life sciences industry, from Chart Industries, Inc. (NASDAQ: GTLS). Blackstone does this by using extraordinary people and flexible capital to help companies solve problems. Bri.Tarpey@edelman.com To view recent press releases,click here. Golub Capital led the financing for the transaction. trademarks or unregistered trademarks of Numismatic Guaranty Corporation of Science. Cla Bourgeois 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. 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. To access the replay, dial +1 844-512-2921 (United States) or +1 412-317-6671 (International) and enter replay pin number: 10010868. In late December, funds managed by Blackstone Tactical Opportunities acquired a significant stake in Bradenton-based Sunz Holdings LLC. and CCG is a great example. SARASOTA, FLA. (July 1, 2021) collectibles online and at its offices in Sarasota, Florida; London, Johnson & Johnson Announces Kenvue, Inc. IPO Roadshow. jarmstrong@collectiblesgroup.com. Capital. Follow Blackstone on Twitter @Blackstone. New exclusive episodes will be released each month through August on e.l.f.s social channels, including YouTube, Instagram and TikTok. All rights reserved. This investment - Post-IPO Equity - Finance of America Companies - was valued at $300M. Mark Salzberg, CCGs founder, and Steven R. Eichenbaum, CCGs CEO, will retain a significant minority stake. Blackstone is one of the world's leading investment firms. Duane Morris acted as legal advisor to CCG. 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. Goldman Sachs & Co. LLC acted as exclusive financial 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. industry.. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. A dial-in replay of the call will also be available, to those interested, until September 1, 2020. It services a diversified customer base through four facilities, all of which have leading energy efficiency, water conservation systems, wastewater treatment technology and recycling of process by-products. Assist with leading and managing the Tow/Repossession Unit and the Staff Review Unit. In 2020, Tac Opps made an investment in Diligent, a leading governance, risk and compliance (GRC) SaaS provider. Announced . By submitting this request, you consent to receive email from Blackstone. Andrea Serra, a Managing Director at Blackstone, said: The increasing focus on environmental sustainability by businesses and consumers alike is one of Blackstones highest conviction investment themes and we are proud to back Sustana, a fast-growing leader in this sector. Contact:For BlackstoneMatt Anderson518-248-7310[emailprotected], For CCGJanell Armstrong, Marketing Coordinator941.360.3990 ext. Keep up with information updates and partner information. Blackstone Tactical Opportunities Announces Acquisition of Sustana, a Leading Manufacturer of Sustainable Recycled Fiber, Paper and Packaging | Business Wire Blackstone Tactical Opportunities. invest significantly in its current and planned services, adding and 2023 Allured Business Media. 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.. Blackstone Tactical Opportunities is an opportunistic investing platform seeking to capitalize on global investment opportunities. Sustana Group is the manufacture of sustainably produced, premium recycled fiber and paper, utilizing post-consumer material. Together, we are committed to grow our brand globally and are excited for the next stage of growth for ZO. News Releases. combined fair market value approaching $50 billion. For more information visit: https://www.sustanagroup.com/, For Blackstone: Sustana Group is proud to provide a comprehensive, sustainable pulp and paper solution for customers throughout North America. Directly lead and manage the Criminal History, Expunctions, Public Counter, Fax Account, and Subpoena Units. DE PERE, Wisc. 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. This team invests globally across asset classes, industries and geographies, seeking to identify and execute on attractive, differentiated investment opportunities. For press inquiries, contact [emailprotected]. Morgan Stanley & Co. LLC is acting as exclusive financial advisor to Cryoportand Latham & Watkins LLP is acting as its legal advisor. 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. Este Lauder Companies' Vice Chairman Retiring July 2023. for the transaction. July 1, 2021 4 Blackstone (NYSE:BX) announced today that funds managed by its Tactical Opportunities business ("Blackstone") have agreed to acquire a majority stake in the Certified. Additional investors in todays transaction include Roc Nation; Michael 1. By selecting the relevant option, you certify that it accurately reflects your residency. Your identity will be restricted to first name/last initial, or a user ID you create. Headquartered in Ball Ground, Georgia, USA, MVE provides cryogenic storage and transportation solutions for the life sciences industry through its advanced line of stainless steel freezers, aluminum dewars and related ancillary equipment used in the storage and transport of life sciences commodities, which includes the rapidly growing cell and gene therapies business. This product provides tissue We look forward to investing further in the business to drive growth and believe ZO is well positioned to continue delivering premier solutions to physicians and patients., ZOSkin Health is one of the fastest-growing brands in the rapidly expanding professional skin care market," said Todd Hirsch, a senior managing director at Blackstone. Switchboard:+1 (212) 583-5000. Our asset management businesses, with $564 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Sara Moss joined ELC in 2003 as executive vice president and general counsel. 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). the industry as the collectibles market continues to accelerate and attract incredible to be a part of this journey as we achieved and then exceeded For more information, visit www.cryoport.com or follow @cryoport on Twitter at www.twitter.com/cryoport for live updates. Cosmetics Debuts Digital Series 'Vanity Table Talk'. Report: Boost Lab x tbh Skincare Merge to Form York Street Brands. DE PERE, Wisc. global physical and digital collectibles industry for several years and we We look forward to working together to magazines, concert posters, stamps, trading cards, sports cards and estate Cryoport management will host a conference call and webcast, including a slide deck, at 8:30am ET on Tuesday, August 25, 2020 to discuss the acquisition. Classic Collectible Services (CCS), Certified Sports Guaranty (CSG), For Blackstone We provide opportunistic capital, timely investing decisions and differentiated solutions. Further information is available at www.blackstone.com. The merger, combined with a $5 million Series B funding round, will facilitate new product development and expansion into new international markets. 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. For office-specific contact information, please visitour offices page. The remainder of the purchase price for the MVE acquisition will be paid from the Company's cash balance. With over 226 dedicated employees and three primary facilities, in the states of Georgia and Minnesota and Cheng-du, China, MVE serves over 300 primary customers. It has also acquired packaging products firm Sustana Group and ZO Skin Health, a California-based cosmetics company. 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. We respond dynamically, moving with conviction, judgment and discipline to capture opportunities that less equipped investors miss.