Goldman Sachs & Co. LLC acted as exclusive financial advisor to CCG. Otherwise, we will assume you're OK to continue. Underlying sales growth was driven by price, while, volume increased 2.6%, particularly due to prestige beauty and health and well-being, which combined account for 5% of total turnover. Mark Salzberg, founder of CCG, said: When I established CCG, I had a Blackstone is the worlds largest alternative asset manager. 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. 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. As part of the strategy, the team leverages the intellectual capital across Blackstone's various businesses while continuously optimizing its approach in the face of ever-changing market conditions. Blackstone Tactical Opportunities has made 14 investments. Further information is available at www.blackstone.com. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. 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. He previously worked at Bloomberg News, and holds master's degrees in journalism from New York University and Edinburgh Napier University. services that add value and liquidity to collectibles. Secrets of the Rare Coin & Bullion Business. 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. Switchboard:+1 (212) 583-5000. offers authentication, grading and conservation services that have unlocked We completed a follow-on investment in 2020, furthering our mission to deliver next-generation solutions to support the national security space domain. trade names, trademarks, or service marks of their respective owners. All other names and marks referenced in this release are the trade names, trademarks, or service marks of their respective owners. Duane Morris acted as legal advisor to CCG. 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 . We do this by using extraordinary people and flexible capital to help companies solve problems. Capital (H.I.G.). business. This team invests globally across asset classes, industries and geographies, seeking to identify and execute on attractive, differentiated investment opportunities. 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. We are effectively a joint venture across Blackstones business units. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Switchboard: +1 (212) 583-5000. Over the last 35 years, CCG has expanded from collectible coins to comic books, banknotes, magazines, concert posters, stamps, trading cards, sports cards and estate items. By submitting this request, you consent to receive email from Blackstone. Follow Blackstone on Twitter @Blackstone. Matthew.Anderson@Blackstone.com Johnson & Johnson debuted the new consumer health company in October 2022. 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 . 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. Blackstone Tactical Opportunities has invested in Finance of America Companies on May 18, 2022. Mark Salzberg, CCGs founder, and In 2020, Tac Opps made an investment in Diligent, a leading governance, risk and compliance (GRC) SaaS provider. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Search for: *. for the transaction. 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. 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. assets under management and a strong track record of creating value and a See here for a complete list of exchanges and delays. Further information is available at www.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. organic and inorganic initiatives. 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." Together, we are committed to grow our brand globally and are excited for the next stage of growth for ZO. (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. Blackstone's tactical opportunities division has about $34 billion in assets under management. Clea.Bourgeois@edelman.com USA For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. All Rights Reserved. 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. 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. Terms of the deal were not disclosed. For Blackstone 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. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. 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. 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. 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 . Jerrell Shelton, CEO of Cryoport, said, "The acquisition of MVE Biological Solutions represents an important step in carrying out Cryoport's mission. Copyright 2023 CDN Publishing, LLC. Blackstone is one of the worlds leading investment firms and seeks to About Blackstone Tactical OpportunitiesTactical Opportunities (Tac Opps) is Blackstones opportunistic investment platform. All quotes delayed a minimum of 15 minutes. Individual Investors & Financial Advisors. Daryl Morey, President of Basketball Operations for the Philadelphia 76ers; Blackstone Tactical Opportunities Announces Acquisition of Sustana, a Leading Manufacturer of Sustainable Recycled Fiber, Paper and Packaging | Business Wire Blackstone Tactical Opportunities. 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. The Blackstone team supports both my vision of delivering healthy skin to all people and the business potential of the company. 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. 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. estate items and related collectibles. and SAINT-JRME, Quebec 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. Bri.Tarpey@edelman.com 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 Tac Opps team invests globally across asset classes,. These investments are differentiated and seek to deliver portfolios with less correlation and lower volatility. 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. Enter your e-mail and subscribe to our newsletter. 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. We were one of the earlier investors and have since built world-class platforms, driven by our confidence in the sector's continued growth. CCG is a leading, global provider of expert, impartial and tech-enabled services that add value and liquidity to collectibles. 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. To learn more, funds, all on a global basis. Further information is available at www.blackstone.com. For more information visit: https://www.sustanagroup.com/, For Blackstone: Their most recent investment was on May 18, 2022, when Recurrent Ventures raised $300M. and Main Street Advisors, a leading investment advisory firm to prominent See here for a complete list of exchanges and delays. Opportunities business (Blackstone) have agreed to acquire a majority The Tac Opps team invests globally across asset classes, industries and geographies, seeking to identify. phase of growth for CCG and the collectibles market., We are thrilled to be partnering with Blackstone during this key point in Announced . "We can now far better understand the biological pathways that drive the behavior of cells", e.l.f. The merger, combined with a $5 million Series B funding round, will facilitate new product development and expansion into new international markets. Blackstone's investment is subject to the closing of the acquisition of MVE and other customary closing conditions. 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. 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. Further information is available at www.blackstone.com. 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. Directly lead and manage the Criminal History, Expunctions, Public Counter, Fax Account, and Subpoena Units. Your identity will be restricted to first name/last initial, or a user ID you create. combined fair market value approaching $50 billion. 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. Blackstone Tactical Opportunities is Blackstone's opportunistic investment platform. 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. We provide opportunistic capital, timely investing decisions and differentiated solutions. America, and/or its related companies in the United States and/or other I am excited to join with Blackstone as we enter the next Weil, Gotshal & Manges This strategic acquisition allows Cryoport to continue to increase services for cell and gene therapy customers, providing mission-critical solutions helping improve patient outcomes and save lives.". United States 1944-P Jefferson War Nickel, Croatia Celebrates 30 Years of Independence With Limited Edition Gold and Silver Coin Sets. they serve, and Blackstones ability to grow the platform through both 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. To view recent press releases, click here. This investment - Post-IPO Equity - Finance of America Companies - was valued at $300M. 236 For Sustana Blackstone will seek to accelerate CCGs growth, enabling the company to Tactical Opportunities is Blackstone's platform investing globally across asset classes, industries and geographies, seeking to identify and execute on attractive, differentiated investment. For more information, visit www.cryoport.com or follow @cryoport on Twitter at www.twitter.com/cryoport for live updates. 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. Blackstone Tactical Opportunities acquires Sustana Group on 2021-12-01 for an undisclosed amount. Rubin, founder and executive chairman of Fanatics; SC.Holdings, a growth 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. News Releases. Hannover Re is providing financing for the transaction, which is expected to close in the third quarter of 2015. athletes, recording artists, and other leaders across entertainment and 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. For information on our privacy practices see our Privacy Policy. 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. CoinWeek does not buy or sell coins or numismatic material and No endorsement or affiliation to or from CoinWeek.com is made. This product provides tissue DE PERE, Wisc. Are You Putting A Great Oil Product In A Leaking Bottle? trusted by collectors, dealers and investors around the world. 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. Additional investors in todays transaction include Roc Nation; Michael A dial-in replay of the call will also be available, to those interested, until September 1, 2020. 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. "We will now have greater resources and tools to help us on our path in becoming the leading global physician-dispensed brand. Blackstone Sign up to receive financial updates and information. Coty Campus integrates tools such as text and vocal chat discussions, screen-and-filesharing and customizable avatars. Together, we are committed to grow our brand globally and are excited for the next stage of growth for ZO. Tactical Opportunities - Blackstone Tactical Opportunities We provide opportunistic capital, timely investing decisions and differentiated solutions. Buenas Noches Bendiciones Mi Amor,
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