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billions of dollars in secondary market value. BIG NEWS! Blackstone Tactical Opportunities to Acquire the - Greysheet "We are thrilled to partner with ZO, Dr. Zein Obagi and the management team to continue to serve patients. Matt Anderson To view recent press releases,click here. Blackstone Infrastructure Partners (BIP), an infrastructure-focused series of funds, today announced that it has acquired a 35% stake in Phoenix Tower International ( PTI ), an independent tower company operating in the Americas and Europe, from Manulife Investment Management, which holds its stakes through John Hancock Life Insurance (JHUSA) and 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. DE PERE, Wisc. Goldman Sachs & Co. LLC acted as exclusive financial advisor to CCG. Blackstones $649 billion in assets under "We will now have greater resources and tools to help us on our path in becoming the leading global physician-dispensed brand. Blackstone Tactical Opportunities has made 14 investments. 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.. We look forward to working together to 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. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. To view recent press releases, click here. CCG has certified more than 62 million of these collectibles, with a combined fair market value approaching $50 billion. Deca Dental Group Announces Strategic Investment From Blackstone To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Blackstone does this by using extraordinary people and flexible capital to help companies solve problems. 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. Sunz Holdings is the parent company of Sunz Insurance, a fast-growing national workers . Blackstone does this by using extraordinary people and flexible capital to 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. (518) 248-7310 View original content to download multimedia:http://www.prnewswire.com/news-releases/cryoport-announces-agreement-to-acquire-mve-biological-solutions-from-chart-industries-301117704.html, << Back to 2020 A dial-in replay of the call will also be available, to those interested, until September 1, 2020. For more information visit: https://www.sustanagroup.com/, For Blackstone: For CCG Blackstone is the worlds largest alternative asset manager. Capital ("H.I.G."). It is important to note that Cryoport's actual results could differ materially from those in any such forward-looking statements. look for exceptional entrepreneurial teams succeeding in growing markets, Follow Blackstone on Twitter @Blackstone. Goldman Sachs & Co. LLC acted as exclusive financial advisor to CCG. 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. Follow Blackstone on Twitter @Blackstone. Mark Salzberg, founder of CCG, said: When I established CCG, I had a ", 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. Global nuclear arsenals are expected to grow as states continue - SIPRI organic and inorganic initiatives. America, and/or its related companies in the United States and/or other Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Bringing MVE Biological Solutions under the Cryoport umbrella, which will include Cryoport Systems, Cryogene, and the recently announced agreement to acquire CRYOPDP is expected to increase our revenue run rate to over $160 million and to be immediately accretive. By selecting the relevant option, you certify that it accurately reflects your residency. 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). Capital (H.I.G.). 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. Matt Anderson Duane Morris acted as legal advisor to CCG. Further information is available at www.blackstone.com. 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. Together, Cryoport and MVE Biological Solutions offer a unique combination of industry knowledge, client coverage, engineering and innovation. 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. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. The $6.7 billion Blackstone Tactical Opportunities Fund II and the Tactical Opportunities Fund III, which raised $4.09 billion, had generated a net internal rate of return of 14.1% and 11.7%, respectively, as of June last year, according to the California Public Employees' Retirement System. the same vision for the future of our company and the global collectibles Blackstone Tactical Opportunities to Acquire the Certified Collectibles About Certified Collectibles Group (CCG). For press inquiries, contact[emailprotected]. Founded in 1987, CCG offers authentication, grading and conservation services that have unlocked billions of dollars in secondary market value. Numismatic Guaranty Corporation (NGC), Numismatic Conservation Services CoinWeek does not buy or sell coins or numismatic material and No endorsement or affiliation to or from CoinWeek.com is made. Whether in times of stability or volatility, in good markets or in bad, there are always strategic opportunities for those with the skills and talent to see what others dont. Mark Salzberg, CCG's founder, and Steven R. Eichenbaum, CCG's CEO, will . 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. Switchboard:+1 (212) 583-5000. Blackstone is the worlds largest alternative asset manager. Since 1987, the CCG companies have certified more than 60 million coins, banknotes, comic books, trading cards, sports cards, stamps, estate items and related collectibles. For press inquiries, contact [emailprotected]. Our Firm | Carlyle Financial Advisors, visit our dedicated website to learn how you can partner with Blackstone. Golub Capital led the financing Blackstone Tactical Opportunities - Investments, Portfolio & Company Exits acquiring new technologies and developing its digital presence. 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. Blackstone Announces Investment in Hotwire Communications in Chibuike reports on mostly large U.S.-based private equity firms, including Blackstone, KKR, Carlyle, and Apollo. Further information is available at www.blackstone.com. Johnson & Johnson debuted the new consumer health company in October 2022. All rights reserved. Blackstone For Blackstone CCG is a leading provider of expert, impartial and tech-enabled services Blackstone Tactical Opportunities to Acquire NGC and Certified 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. The agreement to acquire MVE follows on the heels of our agreement to acquire CRYOPDP, a France-based specialty temperature-controlled life sciences logistics company. 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. For Sustana We make investments that traditional investment strategies either dont or cant. Inoac Packaging Group has been a leader in heavy and ultra-heavy wall PET packaging for over 30 years. Previously:3 Emerging Trends in the Post-COVID World of Skin Care. 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. Please click here if you would like more information about the cookies used on this website and how to change your cookie settings. Blackstone to Acquire CCG | CoinNews I am excited to join with Blackstone as we enter the next 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. Article content. By submitting this request, you consent to receive email from Blackstone. 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. manufacturers an exceptionally clean and performant. 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. This team invests globally across asset classes, industries and geographies, seeking to identify and execute on attractive, differentiated investment opportunities. (917) 698-1674 trusted by collectors, dealers and investors around the world. Sign up to receive financial updates and information. 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 . invest significantly in its current and planned services, adding and combined fair market value approaching $50 billion. Sustana Group is the manufacture of sustainably produced, premium recycled fiber and paper, utilizing post-consumer material. The Tac Opps team invests globally across asset classes, industries and geographies, seeking to identify. jarmstrong@collectiblesgroup.com. Blackstone will seek to accelerate CCGs growth, enabling the company to Mark Salzberg, CCG's founder, and Steven R. Eichenbaum, CCG's CEO, will retain a significant . This investment - Post-IPO Equity - Finance of America Companies - was valued at $300M. 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. Blackstone Tactical Opportunities Acquires Sustana Group - PaperAge We look forward to working together to help the company continue and even accelerate its impressive growth trajectory.. We do this by using extraordinary people and flexible capital to help companies solve problems. Blackstone-owned lender and servicer Finance of America - HousingWire Ki has a strong, innovative management team which established the business in partnership with Brit, a leading Lloyds underwriter with a long track record of success. 2021 Certified Collectibles Group. 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., Skin Health is one of the fastest-growing brands in the rapidly expanding professional skin care market,", 3 Emerging Trends in the Post-COVID World of Skin Care, 15+ Trends in Cosmetics Innovation at in-cosmetics Global 2023, How Luxury Skin Care Got Outflanked by Lower-priced Brands, A dedicated eco-designed website for SILABs Actively Caring CSR program. ", 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. Jay-Z, Blackstone Acquire CGC Parent Certified Collectibles Group CCG is a leading, global provider of expert, impartial and tech-enabled 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. This copy is for your personal, non-commercial use only. Capital ("H.I.G."). 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. 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. In 2020, Tac Opps invested in VNET, a leading data center operator serving hyperscale and enterprise customers in the Asia Pacific region. "We can now far better understand the biological pathways that drive the behavior of cells", e.l.f. . 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). phase of growth for CCG and the collectibles market., We are thrilled to be partnering with Blackstone during this key point in 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. Tactical Opportunities (Tac Opps) is Blackstone's opportunistic investment platform. 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. create positive economic impact and long-term value for investors, the 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. trade names, trademarks, or service marks of their respective owners. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. 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. Directly lead and manage the Criminal History, Expunctions, Public Counter, Fax Account, and Subpoena Units. 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. Switchboard: +1 (212) 583-5000. companies they invest in, and the communities in which they work. 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. 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. Blackstone Tactical Opportunities Tactical Opportunities (Tac Opps) is Blackstone's opportunistic investment platform. assets under management and a strong track record of creating value and a We are effectively a joint venture across Blackstones business units. 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." 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. Classic Collectible Services (CCS), Certified Sports Guaranty (CSG), Blackstone's tactical opportunities division has about $34 billion in assets under management. 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. Daryl Morey, President of Basketball Operations for the Philadelphia 76ers; For office-specific contact information, please visit our our offices page. Blackstone is one of the world's leading investment firms. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. Portions of this site are directed only to persons in certain jurisdictions. For press inquiries, contact [emailprotected]. Este Lauder Companies' Vice Chairman Retiring July 2023. Together, we are committed to grow our brand globally and are excited for the next stage of growth for ZO.
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