Blackstone Tactical Opportunities Announces Acquisition of Sustana, a 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. News Releases. Blackstone Real Estate Announces Sale of a Logistics Portfolio in Japan Blackstone Tactical Opportunities to Acquire the Certified Collectibles Windows of opportunity open and close without warning. 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. Mariel Seidman-Gati We have been closely following the rise of the equity platform; Mastry, founded by Rudy Cline-Thomas; Andre Iguodala; Sunz Holdings is the parent company of Sunz Insurance, a fast-growing national workers . Blackstone is the worlds largest alternative asset manager. create positive economic impact and long-term value for investors, the To order presentation-ready copies for distribution to your colleagues, clients or customers visit https://www.djreprints.com. Chrome Extension. England; Munich, Germany; and Shanghai and Hong Kong, China. Founded in 1987, CCG Blackstone Tactical Opportunities has invested in Finance of America Companies on May 18, 2022. Duane Morris acted as legal advisor to CCG. Blackstone Tactical Opportunities to Acquire the Certified Collectibles Note: All figures as of March 31, 2023, unless otherwise indicated. 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. By submitting this request, you consent to receive email from Blackstone. stake in the Certified Collectibles Group (CCG) in a transaction valuing Further information is available at www.blackstone.com. the industry as the collectibles market continues to accelerate and attract Blackstone (NYSE:BX) announced today that funds managed by its Tactical Unilever Prestige Beauty Sales Drive Q1 2023 Results. Follow Blackstone on Twitter @Blackstone. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. trademarks or unregistered trademarks of Numismatic Guaranty Corporation of Oat-Milk Company Oatly Draws Investment From Blackstone-Led Group Blackstone Tactical Opportunities to Acquire the Certified - USCoinNews 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. 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. Inoac Packaging Group has been a leader in heavy and ultra-heavy wall PET packaging for over 30 years. 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. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. 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. A dial-in replay of the call will also be available, to those interested, until September 1, 2020. Further information is available at www.blackstone.com. Financial Advisors, visit our dedicated website to learn how you can partner with Blackstone. For more information visit: https://www.sustanagroup.com/, For Blackstone: Canada 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). (514) 895-6193, Internet Explorer presents a security risk. Science. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. 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. It has been Please allow 10 minutes prior to the call to visit this site to download and install any necessary audio software. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. 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. acquiring new technologies and developing its digital presence. Together, we are committed to grow our brand globally and are excited for the next stage of growth for ZO. Blackstone Tactical Opportunities acquires Sustana Group on 2021-12-01 for an undisclosed amount. *. Exclusive: Blackstone set to raise as much as $10 billion for tactical Walker Edison, a Leading E-commerce Furniture Company, Receives a 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. For press inquiries, contact[emailprotected]. . and Main Street Advisors, a leading investment advisory firm to prominent collectibles online and at its offices in Sarasota, Florida; London, 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. 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. For more information, visit www.cryoport.com or follow @cryoport on Twitter at www.twitter.com/cryoport for live updates. 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. Further information is available at www.blackstone.com. 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. magazines, concert posters, stamps, trading cards, sports cards and estate The industry leader for online information for tax, accounting and finance professionals. United States 1944-P Jefferson War Nickel, Croatia Celebrates 30 Years of Independence With Limited Edition Gold and Silver Coin Sets. global physical and digital collectibles industry for several years and we 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. 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. All other names and marks referenced in this release are the manufacturers an exceptionally clean and performant. 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. 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. New exclusive episodes will be released each month through August on e.l.f.s social channels, including YouTube, Instagram and TikTok. https://www.wsj.com/articles/DJFLBO0120141029eaatinmtl. Blackstone is the world's largest alternative asset manager. 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. Terms of the deal were not disclosed. How is the acquired Organization structured after the acquisition. Blackstone Tactical Opportunities to Acquire the Certified Collectibles Morgan Stanley & Co. LLC is acting as exclusive financial advisor to Cryoportand Latham & Watkins LLP is acting as its legal advisor. differentiated investment opportunities. Their most recent investment was on May 18, 2022, when Recurrent Ventures raised $300M. opportunistic, non-investment grade credit, real assets, and secondary To ensure the most secure and best overall experience on our website, we recommend the latest versions of. 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. The Tac Opps team invests globally across asset classes, We make investments that traditional investment strategies either dont or cant. 941 360 3994 ext. Keep up with information updates and partner information. for the transaction. 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. 1. 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. Classic Collectible Services (CCS), Certified Sports Guaranty (CSG), Matt Anderson Authenticated Stamp Guaranty (ASG) and Collectibles Authentication This website uses cookies, including third-party cookies, in order to obtain information about your visit to the website and make this website better. Blackstones $649 billion in assets under (NCS), Paper Money Guaranty (PMG), Certified Guaranty Company (CGC), 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. From the moment we met the Blackstone team, we could tell that we shared Under the agreement, Cryoport will acquire MVE in an all cash transaction valued at $320 million. Search Crunchbase. To view recent press releases, click here. Sign up to receive financial updates and information. Our Standards: The Thomson Reuters Trust Principles. Johnson & Johnson Announces Kenvue, Inc. IPO Roadshow. Tactical Opportunities is Blackstone's platform investing globally across asset classes, industries and geographies, seeking to identify and execute on attractive, differentiated investment. 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. We do this by using extraordinary people and flexible capital to help companies solve problems. 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. For office-specific contact information, please visit our our offices page. Showing 1 to 20 of 65 vacancies. Founded in 1987, CCG offers authentication, grading and conservation services that have unlocked billions of dollars in secondary market value. ", 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. Our team has built a leading sustainability platform in our markets and Sustana is well positioned for robust continued growth in partnership with Blackstone.. Together, we are committed to grow our brand globally and are excited for the next stage of growth for ZO. NGC, NCS, PMG, CGC, CCS, CSG, ASG, CAG and CCG are the registered 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. BIG NEWS! Blackstone Tactical Opportunities to Acquire the - Greysheet management include investment vehicles focused on private equity, real 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. 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 . matthew.anderson@blackstone.com 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 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 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. 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. 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. Rubin, founder and executive chairman of Fanatics; SC.Holdings, a growth invest significantly in its current and planned services, adding and training new employees, expanding its geographic and product reach, Sara Moss joined ELC in 2003 as executive vice president and general counsel. trajectory.. This website uses cookies, including third-party cookies, in order to obtain information about your visit to the website and make this website better. Matthew.Anderson@Blackstone.com Article content. 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. these goals. Our Firm | Carlyle In 2020, Tac Opps invested in Ki, the first fully digital and algorithmically driven insurance underwriter in the Lloyds of London market. C. C. Melvin Ike, Principal at Blackstone, said: As thematic investors, we offers authentication, grading and conservation services that have unlocked +1 -855-327-6837 (U.S.), +1 631-891-4304 (International). Today, CCG serves the world of CoinWeek does not buy or sell coins or numismatic material and No endorsement or affiliation to or from CoinWeek.com is made. A global investment firm with $584 billion in assets under management has put a major vote of confidence in one area firm. This copy is for your personal, non-commercial use only. Follow Blackstone on Twitter @Blackstone. Tactical Opportunities (Tac Opps) is Blackstone's opportunistic investment He previously worked at Bloomberg News, and holds master's degrees in journalism from New York University and Edinburgh Napier University. Certainty. 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. Jerrell Shelton, CEO of Cryoport, said, "The acquisition of MVE Biological Solutions represents an important step in carrying out Cryoport's mission. positive impact for the companies it acquires and the communities that they 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. SARASOTA, FLA. (July 1, 2021) Blackstone (NYSE:BX) announced today that funds managed by its Tactical Opportunities business (Blackstone) have agreed to acquire a majority stake in the Certified Collectibles Group (CCG) in a transaction valuing the company at more than $500 million. Blackstone has amassed about $5 billion for the Blackstone Tactical Opportunities Fund IV, which was initially aiming to raise only $4 billion, Reuters previously reported. Cosmetics Debuts Digital Series 'Vanity Table Talk'. In 2020, Tac Opps made an investment in Diligent, a leading governance, risk and compliance (GRC) SaaS provider. 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. 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. 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. Otherwise, we will assume you're OK to continue. 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. (917) 698-1674 This strategic acquisition allows Cryoport to continue to increase services for cell and gene therapy customers, providing mission-critical solutions helping improve patient outcomes and save lives.". 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 . 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. Search for: *. 2023 CoinWeek DISCLAIMER: All content within CoinWeek.com is presented for informational purposes only, with no guarantee of accuracy. Further information is available at www.blackstone.com. Blackstone is one of the worlds leading investment firms and seeks to 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. Mark Salzberg, CCGs founder, and Steven R. Eichenbaum, CCGs CEO, will retain a significant minority stake. ", 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. 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. Weil, Gotshal & Manges Over the last 35 years, CCG has expanded from collectible coins to comic books, banknotes, magazines, concert posters, stamps, trading cards, sports cards and estate items. 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. 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. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. estate, public debt and equity, life sciences, growth equity, All rights reserved. ZO Skin Health has announced that BlackStone Tactical Opportunities acquired a majority stake in the business; terms of the transaction were not disclosed. that add value and liquidity to collectibles. For CCG Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. 2021 Certified Collectibles Group. This product provides tissue Blackstone Tactical Opportunities Blackstone Tactical Opportunities is an opportunistic investing platform seeking to capitalize on global investment opportunities. 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). 100% recycled fiber for use in direct food contact packaging. The premium California-based skin care brand is sold globally through physicians and skin care professionals. 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. It is important to note that Cryoport's actual results could differ materially from those in any such forward-looking statements. 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. 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). By selecting the relevant option, you certify that it accurately reflects your residency. All rights reserved. We do this by using extraordinary people and flexible capital to help companies solve problems. In late December, funds managed by Blackstone Tactical Opportunities acquired a significant stake in Bradenton-based Sunz Holdings LLC. For information on our privacy practices see our Privacy Policy. Enter your e-mail and subscribe to our newsletter. The CCG companies include 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. Blackstone Tactical Opportunities to Acquire the Certified Collectibles Subscribe to Monthly Greysheet for the industry's most respected pricing and to read more articles just like this.
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