Blackstone Tactical Opportunities has invested in Finance of America Companies on May 18, 2022. 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. Our team has built the leading sustainability platform in our markets and Sustana is well positioned for robust continued growth in partnership with Blackstone.. 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.. 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. 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. 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). Today, CCG serves the world of Terms of the deal were not disclosed. Blackstone (NYSE:BX) announced today that funds managed by its Tactical new collectors and investors, added Steven R. Eichenbaum, CEO at CCG. Article content. Our team has built a leading sustainability platform in our markets and Sustana is well positioned for robust continued growth in partnership with Blackstone.. We respond dynamically, moving with conviction, judgment and discipline to capture opportunities that less equipped investors miss. 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. CCGs leadership team will remain in place, combining their experience and About Certified Collectibles Group (CCG). Blackstone platform. Rubin, founder and executive chairman of Fanatics; SC.Holdings, a growth 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. 2023 CoinWeek DISCLAIMER: All content within CoinWeek.com is presented for informational purposes only, with no guarantee of accuracy. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Opportunities business (Blackstone) have agreed to acquire a majority 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. By submitting this request, you consent to receive email from Blackstone. 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. 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. For office-specific contact information, please visitour offices page. In 2020, Tac Opps invested in VNET, a leading data center operator serving hyperscale and enterprise customers in the Asia Pacific region. that add value and liquidity to collectibles. 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. 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. 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. Blackstone Tactical Opportunities Blackstone Tactical Opportunities is an opportunistic investing platform seeking to capitalize on global investment opportunities. companies they invest in, and the communities in which they work. Founded in 1987, CCG offers authentication, grading and conservation services that have unlocked billions of dollars in secondary market value. positive impact for the companies it acquires and the communities that they http://www.prnewswire.com/news-releases/cryoport-announces-agreement-to-acquire-mve-biological-solutions-from-chart-industries-301117704.html. Bri Tarpey It has been 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. Cosmetics Debuts Digital Series 'Vanity Table Talk'. CCG has expanded from collectible coins to comic books, banknotes, Further information is available at www.blackstone.com. 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). It has been incredible to be a part of this journey as we achieved and then exceeded these goals. To view recent press releases,click here. offers authentication, grading and conservation services that have unlocked 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. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. 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. USA forefront of the fast-growing global collectibles industry with offices on (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. Report: Boost Lab x tbh Skincare Merge to Form York Street Brands. mariel.seidmangati@blackstone.com 2021 Certified Collectibles Group. (514) 895-6193, Internet Explorer presents a security risk. Sara Moss joined ELC in 2003 as executive vice president and general counsel. 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. Mark Salzberg, CCGs founder, and Steven R. Eichenbaum, CCGs CEO, will retain a significant minority stake. 1. The merger, combined with a $5 million Series B funding round, will facilitate new product development and expansion into new international markets. Portions of this site are directed only to persons in certain jurisdictions. trademarks or unregistered trademarks of Numismatic Guaranty Corporation of Sustana Group is proud to provide a comprehensive, sustainable pulp and paper solution for customers throughout North America. We are effectively a joint venture across Blackstones business units. Founded in 1987, CCG Blackstone Tactical Opportunities Tactical Opportunities (Tac Opps) is Blackstone's opportunistic investment platform. Today, CCG sits at the 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. Follow Blackstone on Twitter @Blackstone. 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. 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. 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. help the company continue and even accelerate its impressive growth United States 1944-P Jefferson War Nickel, Croatia Celebrates 30 Years of Independence With Limited Edition Gold and Silver Coin Sets. 3 Ways Beauty Companies Can Prepare for MoCRA. To learn more, Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. I am excited to join with Blackstone as we enter the next Science. +1 -855-327-6837 (U.S.), +1 631-891-4304 (International). 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. Tactical Opportunities (Tac Opps) is Blackstone's opportunistic investment Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. three continents, robust digital offerings and comprehensive certification 236 estate, public debt and equity, life sciences, growth equity, Keep up with information updates and partner information. We have been closely following the rise of the 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. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Individual Investors & Financial Advisors. Enter your e-mail and subscribe to our newsletter. For press inquiries, contact [emailprotected]. 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. Since 1987, the CCG companies have certified more than 60 The Tac Opps team invests globally across asset classes, industries and geographies, seeking to identify and execute on attractive, differentiated investment opportunities. Coty Campus integrates tools such as text and vocal chat discussions, screen-and-filesharing and customizable avatars. Showing 1 to 20 of 65 vacancies. 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. These investments are differentiated and seek to deliver portfolios with less correlation and lower volatility. billions of dollars in secondary market value. Mariel Seidman-Gati 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). Blackstone is the worlds largest alternative asset manager. Janell Armstrong, Marketing Coordinator were drawn to CCG because of their leadership role in the categories that Inoac Packaging Group has been a leader in heavy and ultra-heavy wall PET packaging for over 30 years. By selecting the relevant option, you certify that it accurately reflects your residency. To learn more, visit collectiblesgroup.com. To order presentation-ready copies for distribution to your colleagues, clients or customers visit https://www.djreprints.com. Otherwise, we will assume you're OK to continue. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. 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. SARASOTA, FLA. (July 1, 2021) opportunistic, non-investment grade credit, real assets, and secondary Supply Chain. 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. Goldman Sachs & Co. LLC acted as exclusive financial advisor to CCG. (518) 248-7310 Blackstones $649 billion in assets under management include investment vehicles focused on private equity, real 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. The Tac Opps team invests globally across asset classes, industries and geographies, seeking to identify. 2021 Certified Collectibles Group. 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. 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. 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. 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. serve. 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. We make investments that traditional investment strategies either dont or cant. All other names and marks referenced in this release are the trade names, trademarks, or service marks of their respective owners. Switchboard:+1 (212) 583-5000. Matt Anderson News Releases. the company at more than $500 million. This copy is for your personal, non-commercial use only. 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. Further information is available at www.blackstone.com. Goldman Sachs & Co. LLC acted as exclusive financial advisor to CCG. 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. Announced . Contact: 332-999-6154. 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. incredible to be a part of this journey as we achieved and then exceeded This website uses cookies, including third-party cookies, in order to obtain information about your visit to the website and make this website better. Directly lead and manage the Criminal History, Expunctions, Public Counter, Fax Account, and Subpoena Units. For information on our privacy practices see our Privacy Policy. "We are thrilled to partner with ZO, Dr. Zein Obagi and the management team to continue to serve patients. In late December, funds managed by Blackstone Tactical Opportunities acquired a significant stake in Bradenton-based Sunz Holdings LLC. The remainder of the purchase price for the MVE acquisition will be paid from the Company's cash balance. A Blackstone spokesperson declined to comment. 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. 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. and CCG is a great example. CCG is a leading, global provider of expert, impartial and tech-enabled services that add value and liquidity to collectibles. NGC, NCS, PMG, CGC, CCS, CSG, ASG, CAG and CCG are the registered 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. CCG has certified more than 62 million of these collectibles, with a combined fair market value approaching $50 billion. Capital. phase of growth for CCG and the collectibles market., We are thrilled to be partnering with Blackstone during this key point in Goldman, Sachs & Co. is acting as exclusive financial advisor to Blackstone and Simpson Thacher & Bartlett LLP is acting as its legal advisor. 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. It has also acquired packaging products firm Sustana Group and ZO Skin Health, a California-based cosmetics company. How is the acquired Organization structured after the acquisition. 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 does this by using extraordinary people and flexible capital to Follow Blackstone on Twitter @Blackstone. they serve, and Blackstones ability to grow the platform through both Copyright 2023 CDN Publishing, LLC. 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. business. In 2020, Tac Opps made an investment in Diligent, a leading governance, risk and compliance (GRC) SaaS provider. "We will now have greater resources and tools to help us on our path in becoming the leading global physician-dispensed brand. 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. 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. estate items and related collectibles. combined fair market value approaching $50 billion. 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. Previously:3 Emerging Trends in the Post-COVID World of Skin Care. 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. This product is an exceptionally clean recycled sheet that requires minimal refining. is one of the worlds leading investment firms with nearly $650 billion in 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." Further information is available at www.blackstone.com. Sustana Group is the manufacture of sustainably produced, premium recycled fiber and paper, utilizing post-consumer material. expertise with Blackstones extensive resources. 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. 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. Chibuike reports on mostly large U.S.-based private equity firms, including Blackstone, KKR, Carlyle, and Apollo. For more information visit: https://www.sustanagroup.com/, For Blackstone: 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 . 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 Tactical Opportunities (Tac Opps) is Blackstone's opportunistic investment platform. By submitting this request, you consent to receive email from Blackstone. Financial Advisors, visit our dedicated website to learn how you can partner with Blackstone. We do this by using extraordinary people and flexible capital to help companies solve problems. 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. For press inquiries, contact [emailprotected]. 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. Blackstone Tactical Opportunities is an opportunistic investing platform seeking to capitalize on global investment opportunities. For information on our privacy practices see our Privacy Policy. CCG is a leading, global provider of expert, impartial and tech-enabled
