For CCG 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. 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. 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. 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. Enter your e-mail and subscribe to our newsletter. Are You Putting A Great Oil Product In A Leaking Bottle? 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. Sign up to receive financial updates and information. and CCG is a great example. and Main Street Advisors, a leading investment advisory firm to prominent For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Today, CCG serves the world of "We will now have greater resources and tools to help us on our path in becoming the leading global physician-dispensed brand. Unilever Prestige Beauty Sales Drive Q1 2023 Results. New exclusive episodes will be released each month through August on e.l.f.s social channels, including YouTube, Instagram and TikTok. It has also acquired packaging products firm Sustana Group and ZO Skin Health, a California-based cosmetics company. Switchboard: +1 (212) 583-5000. 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. 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. Sustana Group is the manufacture of sustainably produced, premium recycled fiber and paper, utilizing post-consumer material. Directly lead and manage the Criminal History, Expunctions, Public Counter, Fax Account, and Subpoena Units. SARASOTA, FLA. (July 1, 2021) We respond dynamically, moving with conviction, judgment and discipline to capture opportunities that less equipped investors miss. 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. CCG has certified more than 62 million of these collectibles, with a Under the agreement, Cryoport will acquire MVE in an all cash transaction valued at $320 million. 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. look for exceptional entrepreneurial teams succeeding in growing markets, Announced . Mariel Seidman-Gati 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. Janell Armstrong, Marketing Coordinator 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. http://www.prnewswire.com/news-releases/cryoport-announces-agreement-to-acquire-mve-biological-solutions-from-chart-industries-301117704.html. The remainder of the purchase price for the MVE acquisition will be paid from the Company's cash balance. In 2019, we invested in ARKA, an advanced technologies company serving the U.S. military, intelligence community and commercial space industry. 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. 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). create positive economic impact and long-term value for investors, the Mark Salzberg, CCGs founder, and Steven R. Eichenbaum, CCGs CEO, will retain a significant minority stake. industry.. Blackstone is one of the worlds leading investment firms and seeks to 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. 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. About Blackstone and Blackstone Tactical Opportunities. 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." Chrome Extension. assets under management and a strong track record of creating value and a 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). 236 Further information is available at www.blackstone.com. Together, we are committed to grow our brand globally and are excited for the next stage of growth for ZO. Individual Investors & Financial Advisors. combined fair market value approaching $50 billion. ", 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. 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. Financial Advisors, visit our dedicated website to learn how you can partner with Blackstone. 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. Blackstones $649 billion in assets under 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. Blackstone's investment is subject to the closing of the acquisition of MVE and other customary closing conditions. Jay-Z, Blackstone Acquire CGC Parent Certified Collectibles Group Carlyle is one of the world's largest and most diversified global investment firms, with $373 billion of assets under management across 3 business segments and 543 investment vehicles. (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. For press inquiries, contact[emailprotected]. Tactical Opportunities is Blackstone's platform investing globally across asset classes, industries and geographies, seeking to identify and execute on attractive, differentiated investment. help companies solve problems. To view recent press releases,click here. opportunistic, non-investment grade credit, real assets, and secondary 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. The premium California-based skin care brand is sold globally through physicians and skin care professionals. OR Morgan Stanley & Co. LLC is acting as exclusive financial advisor to Cryoportand Latham & Watkins LLP is acting as its legal advisor. https://www.wsj.com/articles/DJFLBO0120141029eaatinmtl. Blackstone Tactical Opportunities to Acquire the Certified - USCoinNews 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. 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. 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. Contact:For BlackstoneMatt Anderson518-248-7310[emailprotected], For CCGJanell Armstrong, Marketing Coordinator941.360.3990 ext. We look forward to working together to Founded in 1987, CCG Solutions. Mark Salzberg, CCG's founder, and Steven R. Eichenbaum, CCG's CEO, will . 2021 Certified Collectibles Group. global physical and digital collectibles industry for several years and we How is the acquired Organization structured after the acquisition. Duane Morris acted as legal advisor to CCG. Blackstone Tactical Opportunities is Blackstone's opportunistic investment platform. Subscribe to Monthly Greysheet for the industry's most respected pricing and to read more articles just like this. This investment - Post-IPO Equity - Finance of America Companies - was valued at $300M. This copy is for your personal, non-commercial use only. 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 . Additional investors in todays transaction include Roc Nation; Michael Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. trade names, trademarks, or service marks of their respective owners. Blackstone Tactical Opportunities to Acquire the Certified Collectibles 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. Prominent fund invests in area insurance firm | Business Observer Bri.Tarpey@edelman.com offers authentication, grading and conservation services that have unlocked 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. The companys cutting-edge platform, which enables greater connectivity, accountability and insights from across the organization up to the C-suite and board, is trusted by businesses worldwide including many of Blackstones own portfolio companies. Authenticated Stamp Guaranty (ASG) and Collectibles Authentication For press inquiries, contact [emailprotected]. Over the last 35 years, Mark Salzberg, CCGs founder, and Steven R. Eichenbaum, CCGs CEO, will retain a significant minority stake. 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 . Blackstone Tactical Opportunities Tactical Opportunities (Tac Opps) is Blackstone's opportunistic investment platform. 236[emailprotected]. We completed a follow-on investment in 2020, furthering our mission to deliver next-generation solutions to support the national security space domain. Hannover Re is providing financing for the transaction, which is expected to close in the third quarter of 2015. 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. (Stockholm, 13 June 2022) The Stockholm International Peace Research Institute (SIPRI) today launches the findings of SIPRI Yearbook 2022, which assesses the current state of armaments, disarmament and international security.A key finding is that despite a marginal decrease in the number of nuclear warheads in 2021, nuclear arsenals are expected to grow over the coming decade. Contact: 332-999-6154. three continents, robust digital offerings and comprehensive certification Goldman Sachs & Co. LLC acted as exclusive financial advisor to CCG. Blackstone Tactical Opportunities - Investments, Portfolio & Company Exits For office-specific contact information, please visitour offices page. 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. Blackstone Tactical Opportunities to Acquire the Certified Collectibles Cla Bourgeois C. C. Melvin Ike, Principal at Blackstone, said: As thematic investors, we 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. Bri Tarpey Blackstone Tactical Opportunities has made 14 investments. Blackstone Copyright 2023 CDN Publishing, LLC. 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. Your identity will be restricted to first name/last initial, or a user ID you create. 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. Previously: 3 Emerging Trends in the Post-COVID World of Skin Care We look forward to working together to help the company continue and even accelerate its impressive growth trajectory.. As a Cryoport company, MVE will expand Cryoport's role in the cell and gene therapy supply chain ecosystem, a business that is forecasted to grow 30% to 40% per year, and further enhance Cryoport's position as a leading player in the supply of cryogenic solutions for the life sciences industry. 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. 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 . 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. the industry as the collectibles market continues to accelerate and attract Follow Blackstone on Twitter @Blackstone. invest significantly in its current and planned services, adding and Blackstone is the world's largest alternative asset manager. (514) 895-6193, Internet Explorer presents a security risk. 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. 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. Tactical Opportunities - Blackstone Tactical Opportunities We provide opportunistic capital, timely investing decisions and differentiated solutions. 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. Blackstone does this by using extraordinary people and flexible capital to 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. For office-specific contact information, please visit our our offices page. 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. This product provides tissue Blackstone Tactical Opportunities is Blackstone's opportunistic investment platform. Article content. expertise with Blackstones extensive resources. *. See here for a complete list of exchanges and delays. 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. Switchboard: +1 (212) 583-5000. Building on Blackstones firmwide conviction in the life sciences industry, Tac Opps invested in Cryoport, a global provider of mission-critical logistics solutions to life sciences companies, especially in the area of cell and gene therapies (CGT). 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. Further information is available at www.blackstone.com. ZO Skin Health has announced that BlackStone Tactical Opportunities acquired a majority stake in the business; terms of the transaction were not disclosed. In 2020, Tac Opps invested in VNET, a leading data center operator serving hyperscale and enterprise customers in the Asia Pacific region. billions of dollars in secondary market value. forefront of the fast-growing global collectibles industry with offices on
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