blackstone tactical opportunities acquires
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. It has been incredible to be a part of this journey as we achieved and then exceeded these goals. differentiated investment opportunities. Clea.Bourgeois@edelman.com To learn more, visit collectiblesgroup.com. Mark Salzberg, CCG's founder, and Steven R. Eichenbaum, CCG's CEO, will . Blackstone For office-specific contact information, please visit our our offices page. For press inquiries, contact[emailprotected]. stake in the Certified Collectibles Group (CCG) in a transaction valuing In late December, funds managed by Blackstone Tactical Opportunities acquired a significant stake in Bradenton-based Sunz Holdings LLC. (917) 698-1674 management include investment vehicles focused on private equity, real +1 -855-327-6837 (U.S.), +1 631-891-4304 (International). 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. 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 does this by using extraordinary people and flexible capital to Guaranty (CAG). platform. (518) 248-7310 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. 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. News Releases. Follow Blackstone on Twitter @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. Under the agreement, Cryoport will acquire MVE in an all cash transaction valued at $320 million. We look forward to working together to Keep up with information updates and partner information. 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. Blackstone Acquires Majority Stake in ZO Skin Health 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. Blackstone Tactical Opportunities Acquires Sustana Group - PaperAge Enter your e-mail and subscribe to our newsletter. In 2020, Tac Opps invested in Ki, the first fully digital and algorithmically driven insurance underwriter in the Lloyds of London market. As part of our thematic work in aerospace and government services, Tac Opps is focused on innovative companies working to deliver breakthrough solutions to the public sector. 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. manufacturers an exceptionally clean and performant. Your identity will be restricted to first name/last initial, or a user ID you create. BIG NEWS! Blackstone Tactical Opportunities to Acquire the - Greysheet "We can now far better understand the biological pathways that drive the behavior of cells", e.l.f. 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. 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. America, and/or its related companies in the United States and/or other See here for a complete list of exchanges and delays. Through our purpose-built, proprietary Cryoport Express Shippers; Cryoportal information technology; validated Global Logistics Centers; smart and sustainable temperature-controlled logistics solutions; and biostorage/biobanking services, Cryoport serves clients in life sciences research, clinical trials, and product commercializations. 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). For information on our privacy practices see our Privacy Policy. Este Lauder Companies' Vice Chairman Retiring July 2023. To view recent press releases,click here. 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. billions of dollars in secondary market value. three continents, robust digital offerings and comprehensive certification is one of the worlds leading investment firms with nearly $650 billion in We provide opportunistic capital, timely investing decisions and differentiated solutions. Blackstones $649 billion in assets under ", 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. C. C. Melvin Ike, Principal at Blackstone, said: As thematic investors, we 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 . Tactical Opportunities - Blackstone Tactical Opportunities We provide opportunistic capital, timely investing decisions and differentiated solutions. Our Firm. New exclusive episodes will be released each month through August on e.l.f.s social channels, including YouTube, Instagram and TikTok. For press inquiries, contact [emailprotected]. Blackstone's tactical opportunities division has about $34 billion in assets under management. Financial Advisors, visit our dedicated website to learn how you can partner with Blackstone. http://www.prnewswire.com/news-releases/cryoport-announces-agreement-to-acquire-mve-biological-solutions-from-chart-industries-301117704.html. 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. 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. 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. help companies solve problems. Blackstone to Acquire CCG | CoinNews Tactical Opportunities (Tac Opps) is Blackstone's opportunistic investment The Tac Opps team invests globally across asset classes,. 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. Contact:For BlackstoneMatt Anderson518-248-7310[emailprotected], For CCGJanell Armstrong, Marketing Coordinator941.360.3990 ext. 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. 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. A global investment firm with $584 billion in assets under management has put a major vote of confidence in one area firm. By submitting this request, you consent to receive email from Blackstone. estate items and related collectibles. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. (514) 895-6193, Internet Explorer presents a security risk. help the company continue and even accelerate its impressive growth Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. 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. Educational Consultant - EMC Education Group, LLC - LinkedIn 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. We do this by using extraordinary people and flexible capital to help companies solve problems. new collectors and investors, added Steven R. Eichenbaum, CEO at CCG. 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. Blackstone does this by using extraordinary people and flexible capital to help companies solve problems. 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. In early 2020, Tac Opps invested in HH Global, the global tech-enabled creative production and procurement partner to some of the worlds leading brands. Blackstone Announces Investment in Hotwire Communications in Blackstone Tactical Opportunities Announces Acquisition of Sustana, a Leading Manufacturer of Sustainable Recycled Fiber, Paper and Packaging | Business Wire Blackstone Tactical Opportunities. expertise with Blackstones extensive resources. 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. Goldman Sachs & Co. LLC acted as exclusive financial advisor to CCG. To access the replay, dial +1 844-512-2921 (United States) or +1 412-317-6671 (International) and enter replay pin number: 10010868. invest significantly in its current and planned services, adding and 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. Ross B. Shuster to Join as CEO of Standalone Climate Technologies To view recent press releases,click here. Switchboard: +1 (212) 583-5000. Are You Putting A Great Oil Product In A Leaking Bottle? Blackstone Tactical Opportunities - Investments, Portfolio & Company Exits 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. This website uses cookies, including third-party cookies, in order to obtain information about your visit to the website and make this website better. This investment - Post-IPO Equity - Finance of America Companies - was valued at $300M. Download the Greysheet app for access to pricing, news, events and your subscriptions. 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. Over the last 35 years, A Blackstone spokesperson declined to comment. Previously: 3 Emerging Trends in the Post-COVID World of Skin Care Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Blackstone Tactical Opportunities Announces Acquisition of Sustana, a 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 company at more than $500 million. Portions of this site are directed only to persons in certain jurisdictions. Together, Cryoport and MVE Biological Solutions offer a unique combination of industry knowledge, client coverage, engineering and innovation. The Blackstone team supports both my vision of delivering healthy skin to all people and the business potential of the company. This copy is for your personal, non-commercial use only. Rubin, founder and executive chairman of Fanatics; SC.Holdings, a growth 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. 2023 CoinWeek DISCLAIMER: All content within CoinWeek.com is presented for informational purposes only, with no guarantee of accuracy. The merger, combined with a $5 million Series B funding round, will facilitate new product development and expansion into new international markets. Today, CCG sits at the jarmstrong@collectiblesgroup.com. Blackstone Tactical Opportunities is Blackstone's opportunistic investment platform. 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. Daryl Morey, President of Basketball Operations for the Philadelphia 76ers; Follow Blackstone on Twitter @Blackstone. ", 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. 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). Weil, Gotshal & Manges acted as lead legal advisor to Blackstone. We look forward to working together to help the company continue and even accelerate its impressive growth trajectory.. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Further information is available at www.blackstone.com. Blackstone is one of the worlds leading investment firms and seeks to 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. 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 global physical and digital collectibles industry for several years and we 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. incredible to be a part of this journey as we achieved and then exceeded 100% recycled fiber for use in direct food contact packaging. About Certified Collectibles Group (CCG). By selecting the relevant option, you certify that it accurately reflects your residency. To receive email alerts from Blackstone, sign up below. Please click here if you would like more information about the cookies used on this website and how to change your cookie settings. Since 1987, the CCG companies have certified more than 60 This team invests globally across asset classes, industries and geographies, seeking to identify and execute on attractive, differentiated investment opportunities. 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. Statements in this news release which are not purely historical, including statements regarding Cryoport's intentions, hopes, beliefs, expectations, representations, projections, plans or predictions of the future are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Blackstone Tactical Opportunities is an opportunistic investing platform seeking to capitalize on global investment opportunities. Follow Blackstone on Twitter @Blackstone. 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. We do this by using extraordinary people and flexible capital to help companies solve problems. 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 . Global nuclear arsenals are expected to grow as states continue - SIPRI Copyright 2023 CDN Publishing, LLC. that add value and liquidity to collectibles. Windows of opportunity open and close without warning. Blackstone will seek to accelerate CCGs growth, enabling the company to 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. 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. 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. Goldman Sachs & Co. LLC acted as exclusive financial advisor to CCG. Assist with leading and managing the Tow/Repossession Unit and the Staff Review Unit. (608) 807-9033 "We are thrilled to partner with ZO, Dr. Zein Obagi and the management team to continue to serve patients. CCG has certified more than 62 million of these collectibles, with a combined fair market value approaching $50 billion. Mariel Seidman-Gati Our team has built the leading sustainability platform in our markets and Sustana is well positioned for robust continued growth in partnership with Blackstone.. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. We respond dynamically, moving with conviction, judgment and discipline to capture opportunities that less equipped investors miss. 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. 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. Blackstone is the world's largest alternative asset manager. For more information visit: https://www.sustanagroup.com/, For Blackstone: Blackstone's investment is subject to the closing of the acquisition of MVE and other customary closing conditions. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. 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. The Tac Opps team invests globally across asset classes, industries and geographies, seeking to identify. ", 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. 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). 3 Ways Beauty Companies Can Prepare for MoCRA. 941 360 3994 ext. CCG is a leading, global provider of expert, impartial and tech-enabled Additional investors in todays transaction include Roc Nation; Michael 2023 Allured Business Media. 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. 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. 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.Discipline And Ideas In The Applied Social Sciences Slideshare, Nic And Patrick Edwards Brothers, Worcester Police Department Bail, Fictional Characters With Paranoid Personality Disorder, Articles B