blackstone tactical opportunities acquires
Blackstone will seek to accelerate CCGs growth, enabling the company to 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. Contact:For BlackstoneMatt Anderson518-248-7310[emailprotected], For CCGJanell Armstrong, Marketing Coordinator941.360.3990 ext. In late December, funds managed by Blackstone Tactical Opportunities acquired a significant stake in Bradenton-based Sunz Holdings LLC. 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. 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. Sara Moss joined ELC in 2003 as executive vice president and general counsel. In 2019, we invested in ARKA, an advanced technologies company serving the U.S. military, intelligence community and commercial space industry. He previously worked at Bloomberg News, and holds master's degrees in journalism from New York University and Edinburgh Napier University. trajectory.. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. C. C. Melvin Ike, Principal at Blackstone, said: As thematic investors, we This copy is for your personal, non-commercial use only. Search for: *. 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 . The Tac Opps team invests globally across asset classes, industries and geographies, seeking to identify and execute on attractive, differentiated investment opportunities. 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 . Blackstone Through Cryoport's acquisition, we believe MVE Biological Solutions will deliver strong growth as the demand for its solutions from cell and gene therapy customers continues to increase. and SAINT-JRME, Quebec--(BUSINESS WIRE)--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. 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. England; Munich, Germany; and Shanghai and Hong Kong, China. 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. The industry leader for online information for tax, accounting and finance professionals. Bri Tarpey All other names and marks referenced in this release are the We look forward to working together to help the company continue and even accelerate its impressive growth trajectory.. business. Blackstone Tactical Opportunities is Blackstone's opportunistic investment platform. acquiring new technologies and developing its digital presence. Golub Capital led the financing for the transaction. To view recent press releases, click here. 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 versatility to invest in a range of assets, people familiar with the matter told Reuters. vision that we would transform collectibles into an asset class that is 2021 Certified Collectibles Group. Today, CCG sits at the USA 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. This team invests globally across asset classes, industries and geographies, seeking to identify and execute on attractive, differentiated investment opportunities. Sunz Holdings is the parent company of Sunz Insurance, a fast-growing national workers . Blackstone is one of the world's leading investment firms. This copy is for your personal, non-commercial use only. It has also acquired packaging products firm Sustana Group and ZO Skin Health, a California-based cosmetics company. (608) 807-9033 (514) 895-6193, Internet Explorer presents a security risk. Este Lauder Companies' Vice Chairman Retiring July 2023. 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. For information on our privacy practices see our Privacy Policy. Directly lead and manage the Criminal History, Expunctions, Public Counter, Fax Account, and Subpoena Units. offers authentication, grading and conservation services that have unlocked 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 information on our privacy practices see our Privacy Policy. NGC, NCS, PMG, CGC, CCS, CSG, ASG, CAG and CCG are the registered Headquartered in De Pere, Wisconsin, Sustana uses post-consumer materials and the high standards for environmental sustainability to produce a comprehensive suite of recycled fiber, paper and packaging solutions for customers throughout North America. 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. 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. services for collectibles. Our team has built the leading sustainability platform in our markets and Sustana is well positioned for robust continued growth in partnership with Blackstone.. Cryoport, Inc. (Nasdaq: CYRX) is redefining temperature controlled supply chain support for the life sciences industry by providing a broad platform of temperature-controlled supply chain solutions, serving the Biopharma, Reproductive Medicine, and Animal Health markets. The lender and servicer, owned by the Blackstone Group's Tactical Opportunities business, is slated to go public in the first half of 2021 through a special purpose acquisition company at a $1.9 . 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. Together, we are committed to grow our brand globally and are excited for the next stage of growth for ZO. Blackstone is the world's largest alternative asset manager. 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. (917) 698-1674 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. 236 Further information is available at www.blackstone.com. How is the acquired Organization structured after the acquisition. acted as lead legal advisor to Blackstone. CCGs leadership team will remain in place, combining their experience and expertise with Blackstones extensive resources. To receive email alerts from Blackstone, sign up below. 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. Search Crunchbase. 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. 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. Mark Salzberg, CCGs founder, and To access the replay, dial +1 844-512-2921 (United States) or +1 412-317-6671 (International) and enter replay pin number: 10010868. Open Roles - Join Us! 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. Numismatic Guaranty Corporation (NGC), Numismatic Conservation Services 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 . 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. 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, Rubin, founder and executive chairman of Fanatics; SC.Holdings, a growth This team invests globally across asset classes, industries and geographies, seeking to identify and execute on attractive, differentiated investment opportunities. All quotes delayed a minimum of 15 minutes. By selecting the relevant option, you certify that it accurately reflects your residency. Certainty. CoinWeek does not buy or sell coins or numismatic material and No endorsement or affiliation to or from CoinWeek.com is made. The Tac Opps team invests globally across asset classes,. that add value and liquidity to collectibles. OR trademarks or unregistered trademarks of Numismatic Guaranty Corporation of For office-specific contact information, please visit our our offices page. CCG is a leading, global provider of expert, impartial and tech-enabled Blackstone Tactical Opportunities Tactical Opportunities (Tac Opps) is Blackstone's opportunistic investment platform. 2023 Allured Business Media. Blackstone is the worlds largest alternative asset manager. training new employees, expanding its geographic and product reach, Blackstone Tactical Opportunities Announces Acquisition of Sustana, a Leading Manufacturer of Sustainable Recycled Fiber, Paper and Packaging | Business Wire Blackstone Tactical Opportunities. ", 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. We have been closely following the rise of the This website uses cookies, including third-party cookies, in order to obtain information about your visit to the website and make this website better. ", BlackStone Tactical Opportunities acquired a majority stake in ZO Skin Health. Financial Advisors, visit our dedicated website to learn how you can partner with Blackstone. 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. Start Free Trial . Portions of this site are directed only to persons in certain jurisdictions. 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. magazines, concert posters, stamps, trading cards, sports cards and estate 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. ", 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. mariel.seidmangati@blackstone.com ", 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. By submitting this request, you consent to receive email from Blackstone. https://www.wsj.com/articles/DJFLBO0120141029eaatinmtl. Opportunities business (Blackstone) have agreed to acquire a majority Article content. 2. the industry as the collectibles market continues to accelerate and attract For CCG Together, Cryoport and MVE Biological Solutions offer a unique combination of industry knowledge, client coverage, engineering and innovation. Cryoport, with the addition of MVE will deliver a unique combination of passionate teams with outstanding industry knowledge; industry-leading global client coverage; advanced temperature controlled engineering capabilities; and unparalleled temperature-controlled supply change innovation. Goldman Sachs & Co. LLC acted as exclusive financial advisor to CCG. Mark Salzberg, CCG's founder, and Steven R. Eichenbaum, CCG's CEO, will . As a regional leader, we believe VNET is well positioned to help meet this growing demand. 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. Duane Morris acted as legal advisor to CCG. Blackstone is the worlds largest alternative asset manager. ", Coty x Spatial Launching Coty Campus Metaverse for Employees. help companies solve problems. is one of the worlds leading investment firms with nearly $650 billion in visit collectiblesgroup.com. Johnson & Johnson Announces Kenvue, Inc. IPO Roadshow. 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 remainder of the purchase price for the MVE acquisition will be paid from the Company's cash balance. Further information is available at www.blackstone.com. 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. (518) 248-7310 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. Science. Contact: 332-999-6154. 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. Blackstone (NYSE:BX) announced today that funds managed by its Tactical 100% recycled fiber for use in direct food contact packaging. Portions of this site are directed only to persons in certain jurisdictions. 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. 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. jarmstrong@collectiblesgroup.com. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. This website uses cookies, including third-party cookies, in order to obtain information about your visit to the website and make this website better. Matt Anderson Goldman Sachs & Co. LLC acted as exclusive financial advisor to CCG. CCG has certified more than 62 million of these collectibles, with a combined fair market value approaching $50 billion. 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. 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. To receive email alerts from Blackstone, sign up below. DE PERE, Wisc. companies they invest in, and the communities in which they work. Janell Armstrong, Marketing Coordinator For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. NEW YORK - APRIL 24, 2023 - Blackstone (NYSE: BX) today announced that, upon close of the previously announced transaction through which private equity funds managed by Blackstone ("Blackstone") will acquire a majority stake in Emerson's (NYSE: EMR) Climate Technologies business, Ross B. Shuster will become Chief Executive Officer of . expertise with Blackstones extensive resources. We do this by using extraordinary people and flexible capital to help companies solve problems. 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. 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. phase of growth for CCG and the collectibles market., We are thrilled to be partnering with Blackstone during this key point in BlackStone Tactical Opportunities acquired a majority stake in ZO Skin Health ZO Skin Health has announced that BlackStone Tactical Opportunities acquired a majority stake in the business; terms of the transaction were not disclosed. Blackstone Tactical Opportunities is an opportunistic investing platform seeking to capitalize on global investment opportunities. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. items. Follow Blackstone on Twitter @Blackstone. The unit is run by David Blitzer, who is an avid investor in sports teams, including English soccer club Crystal Palace, the New Jersey Devils of the U.S. hockey league, and the National Basketball Association's Philadelphia 76ers. and CCG is a great example. News Releases. We look forward to working together to Authenticated Stamp Guaranty (ASG) and Collectibles Authentication CCG is a leading, global provider of expert, impartial and tech-enabled services that add value and liquidity to collectibles. trusted by collectors, dealers and investors around the world. Today, CCG serves the world of collectibles online and at its offices in Sarasota, Florida; London, England; Munich, Germany; and Shanghai and Hong Kong, China. Today, CCG serves the world of estate items and related collectibles. About Blackstone and Blackstone Tactical Opportunities. 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. athletes, recording artists, and other leaders across entertainment and for the transaction. 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. Blackstone Tactical Opportunities Blackstone Tactical Opportunities is an opportunistic investing platform seeking to capitalize on global investment opportunities. Secrets of the Rare Coin & Bullion Business. 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. Weil, Gotshal & Manges acted as lead legal advisor to Blackstone. Assist with leading and managing the Tow/Repossession Unit and the Staff Review Unit. Individual Investors & Financial Advisors. This acquisition provides multiple value creation opportunities for Cryoport and MVE Biological Solutions that offer additional revenue growth upside, including the development of new product innovations, opportunities to grow with key distributors in the U.S., and the opportunity to increase direct customer sales and distributor relationships globally.
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