To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. 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 are effectively a joint venture across Blackstones business units. trademarks or unregistered trademarks of Numismatic Guaranty Corporation of I am excited to join with Blackstone as we enter the next Portions of this site are directed only to persons in certain jurisdictions. Switchboard:+1 (212) 583-5000. Blackstone Tactical Opportunities acquires Sustana Group on 2021-12-01 for an undisclosed amount. 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. services for collectibles. Article content. Note: All figures as of March 31, 2023, unless otherwise indicated. Cosmetics Debuts Digital Series 'Vanity Table Talk'. industries and geographies, seeking to identify and execute on attractive, Follow Blackstone on Twitter @Blackstone. "Both companies serve sophisticated life sciences clients, and having these two life sciences supporting leaders working together will amplify the high quality and reliability their respective customers have come to rely on. Our strategy is unconstrained by asset class, industry, sector, security type or geography. Matt Anderson BlackStone Tactical Opportunities acquired a majority stake in ZO Skin Health ZO Skin Health has announced that BlackStone Tactical Opportunities acquired a majority stake in the business; terms of the transaction were not disclosed. 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. To learn more, Search Crunchbase. Tactical Opportunities (Tac Opps) is Blackstone's opportunistic investment platform. Download the Greysheet app for access to pricing, news, events and your subscriptions. 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. Blackstone Tactical Opportunities is an opportunistic investing platform seeking to capitalize on global investment opportunities. Sara Moss joined ELC in 2003 as executive vice president and general counsel. To learn more, visit collectiblesgroup.com. Opportunities business (Blackstone) have agreed to acquire a majority SARASOTA, FLA. (July 1, 2021) 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 . that add value and liquidity to collectibles. CCG is a leading, global provider of expert, impartial and tech-enabled services that add value and liquidity to collectibles. For office-specific contact information, please visitour offices page. Blackstone is the world's largest alternative asset manager. CCG has certified more than 62 million of these collectibles, with a combined fair market value approaching $50 billion. 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. 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. 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. USA It has been incredible to be a part of this journey as we achieved and then exceeded these goals. countries. Follow Blackstone on Twitter @Blackstone. 'Investor Relations' section at www.cryoport.com or at this link. For Sustana Sustana Group is proud to provide a comprehensive, sustainable pulp and paper solution for customers throughout North America. Guaranty (CAG). Blackstone is one of the world's leading investment firms. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. We have been closely following the rise of the Duane Morris acted as legal advisor to CCG. The premium California-based skin care brand is sold globally through physicians and skin care professionals. This copy is for your personal, non-commercial use only. CCG is a leading provider of expert, impartial and tech-enabled services This team invests globally across asset classes, industries and geographies, seeking to identify and execute on attractive, differentiated investment opportunities. Blackstone Tactical Opportunities is Blackstone's opportunistic investment platform. 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 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. 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. By selecting the relevant option, you certify that it accurately reflects your residency. industry.. Mark Salzberg, CCG's founder, and Steven R. Eichenbaum, CCG's CEO, will retain a significant . companies they invest in, and the communities in which they work. United States 1944-P Jefferson War Nickel, Croatia Celebrates 30 Years of Independence With Limited Edition Gold and Silver Coin Sets. 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. Mark Salzberg, CCGs founder, and Steven R. Eichenbaum, CCGs CEO, will retain a significant minority stake. Solutions. Follow Blackstone on Twitter @Blackstone. 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. athletes, recording artists, and other leaders across entertainment and 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. platform. For more information visit: https://www.sustanagroup.com/, For Blackstone: Blackstone 100% recycled fiber for use in direct food contact packaging. billions of dollars in secondary market value. 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. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. All other names and marks referenced in this release are the Directly lead and manage the Criminal History, Expunctions, Public Counter, Fax Account, and Subpoena Units. Rubin, founder and executive chairman of Fanatics; SC.Holdings, a growth Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. To view recent press releases, click here. All quotes delayed a minimum of 15 minutes. management include investment vehicles focused on private equity, real Authenticated Stamp Guaranty (ASG) and Collectibles Authentication 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. 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. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. https://www.wsj.com/articles/DJFLBO0120141029eaatinmtl. Tactical Opportunities - Blackstone Tactical Opportunities We provide opportunistic capital, timely investing decisions and differentiated solutions. ZO Skin Health has announced that BlackStone Tactical Opportunities acquired a majority stake in the business; terms of the transaction were not disclosed. Previously: 3 Emerging Trends in the Post-COVID World of Skin Care create positive economic impact and long-term value for investors, the Morgan Stanley & Co. LLC is acting as exclusive financial advisor to Cryoportand Latham & Watkins LLP is acting as its legal advisor. Blackstone is one of the worlds leading investment firms and seeks to Sustana commits to reduce absolute Scope 1 and Scope 2 emissions 42% by 2030 and to measure and reduce its Scope 3 emissions, The Industry Pioneer in Sustainable Fiber and Paper Continues its Dedication to Responsible Business, Sustanas GHG Emissions Reduction Goal Approved by The Science Based Targets initiative, Recycled Fiber and Paper Leader Sustana Joins UN Global Compact, is Committed to Sustainable Development Goals. Terms of the deal were not disclosed. For press inquiries, contact [emailprotected]. 236[emailprotected]. 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. CoinWeek does not buy or sell coins or numismatic material and No endorsement or affiliation to or from CoinWeek.com is made. (514) 895-6193, Internet Explorer presents a security risk. 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 . C. C. Melvin Ike, Principal at Blackstone, said: As thematic investors, we trade names, trademarks, or service marks of their respective owners. 2. Blackstone has amassed about $5 billion for the Blackstone Tactical Opportunities Fund IV, which was initially aiming to raise only $4 billion, Reuters previously reported. 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. 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. Start Free Trial . Please click here if you would like more information about the cookies used on this website and how to change your cookie settings. Switchboard: +1 (212) 583-5000. 2023 Allured Business Media. 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 Your identity will be restricted to first name/last initial, or a user ID you create. In 2020, Tac Opps invested in Ki, the first fully digital and algorithmically driven insurance underwriter in the Lloyds of London market. for the transaction. Subscribe to Monthly Greysheet for the industry's most respected pricing and to read more articles just like this. In 2020, Tac Opps made an investment in Diligent, a leading governance, risk and compliance (GRC) SaaS provider. offers authentication, grading and conservation services that have unlocked 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 investment - Post-IPO Equity - Finance of America Companies - was valued at $300M. Johnson & Johnson Announces Kenvue, Inc. IPO Roadshow. help the company continue and even accelerate its impressive growth These investments are differentiated and seek to deliver portfolios with less correlation and lower volatility. Tactical Opportunities (Tac Opps) is Blackstone's opportunistic investment 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. 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. . 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. All rights reserved. This product provides tissue Financial Advisors, visit our dedicated website to learn how you can partner with Blackstone. 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." ", 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. these goals. phase of growth for CCG and the collectibles market., We are thrilled to be partnering with Blackstone during this key point in About Certified Collectibles Group (CCG). 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. were drawn to CCG because of their leadership role in the categories that Jerrell Shelton, CEO of Cryoport, said, "The acquisition of MVE Biological Solutions represents an important step in carrying out Cryoport's mission. The Blackstone team supports both my vision of delivering healthy skin to all people and the business potential of the company. 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. How is the acquired Organization structured after the acquisition. matthew.anderson@blackstone.com Blackstone Tactical Opportunities has made 14 investments. Canada visit collectiblesgroup.com. 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. Please allow 10 minutes prior to the call to visit this site to download and install any necessary audio software. About Blackstone Tactical OpportunitiesTactical Opportunities (Tac Opps) is Blackstones opportunistic investment platform. Contact: 332-999-6154. items. Headquartered in De Pere, Wisconsin, Sustana Group, which comprises Sustana Fiber and Rolland, uses post-consumer . Capital (H.I.G.). 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. 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. America, and/or its related companies in the United States and/or other 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. 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). 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 is the worlds largest alternative asset manager. All other names and marks referenced in this release are the trade names, trademarks, or service marks of their respective owners. "We are thrilled to partner with ZO, Dr. Zein Obagi and the management team to continue to serve patients. For Blackstone 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. ", 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. The Tac Opps team invests globally across asset classes, "We can now far better understand the biological pathways that drive the behavior of cells", e.l.f. 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. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. trajectory.. The CCG companies include Enter your e-mail and subscribe to our newsletter. 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. We completed a follow-on investment in 2020, furthering our mission to deliver next-generation solutions to support the national security space domain. To view recent press releases,click here. Mariel Seidman-Gati estate items and related collectibles. 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. Capital ("H.I.G."). New exclusive episodes will be released each month through August on e.l.f.s social channels, including YouTube, Instagram and TikTok. 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 . 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. Duane Morris acted as legal advisor to CCG. invest significantly in its current and planned services, adding and Blackstones $649 billion in assets under News Releases. 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. We do this by using extraordinary people and flexible capital to help companies solve problems. Chrome Extension. look for exceptional entrepreneurial teams succeeding in growing markets, 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. Contact:For BlackstoneMatt Anderson518-248-7310[emailprotected], For CCGJanell Armstrong, Marketing Coordinator941.360.3990 ext. Previously:3 Emerging Trends in the Post-COVID World of Skin Care. Windows of opportunity open and close without warning. See here for a complete list of exchanges and delays. It is important to note that Cryoport's actual results could differ materially from those in any such forward-looking statements. Together, we are committed to grow our brand globally and are excited for the next stage of growth for ZO. Switchboard: +1 (212) 583-5000. and CCG is a great example. We provide opportunistic capital, timely investing decisions and differentiated solutions. It has also acquired packaging products firm Sustana Group and ZO Skin Health, a California-based cosmetics company. DE PERE, Wisc. organic and inorganic initiatives. 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. Today, CCG sits at the Under the agreement, Cryoport will acquire MVE in an all cash transaction valued at $320 million. Over the last 35 years, We respond dynamically, moving with conviction, judgment and discipline to capture opportunities that less equipped investors miss. Showing 1 to 20 of 65 vacancies. 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. Weil, Gotshal & Manges acted as lead legal advisor to Blackstone. 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. Golub Capital led the financing for the transaction. (NCS), Paper Money Guaranty (PMG), Certified Guaranty Company (CGC), 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. 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. 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. Are You Putting A Great Oil Product In A Leaking Bottle? 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. A global investment firm with $584 billion in assets under management has put a major vote of confidence in one area firm. To view recent press releases,click here. 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. England; Munich, Germany; and Shanghai and Hong Kong, China. 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. business. Factors that could cause actual results to differ materially include, but are not limited to, (1) the conditions to the closing of the MVE acquisition or the Blackstone investment may not be satisfied; (2) the MVE acquisition or the Blackstone investment may involve unexpected costs, liabilities or delays; (3) the business of the Company may suffer as a result of uncertainty surrounding the MVE acquisition or the Blackstone investment; (4) the occurrence of any event, change or other circumstances that could give rise to the termination of the MVE purchase agreement or the Blackstone investment agreement; (5) risks and uncertainties associated with the effect of changing economic conditions, (6) trends in the products markets, (7) variations in Cryoport's cash flow, (8) market acceptance risks, (9) technical development risks and (10) other risks to the consummation of the MVE acquisition or the Blackstone investment, including the risk that the MVE acquisition or the Blackstone investment will not be consummated within the expected time period or at all.
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