blackstone tactical opportunities acquires

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. Tactical Opportunities (Tac Opps) is Blackstone's opportunistic investment By selecting the relevant option, you certify that it accurately reflects your residency. Subscribe to Monthly Greysheet for the industry's most respected pricing and to read more articles just like this. For press inquiries, contact[emailprotected]. Blackstone is the world's largest alternative asset manager. (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. 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. offers authentication, grading and conservation services that have unlocked Portions of this site are directed only to persons in certain jurisdictions. DE PERE, Wisc. Global nuclear arsenals are expected to grow as states continue - SIPRI Blackstone Acquires Majority Stake in ZO Skin Health For information on our privacy practices see our Privacy Policy. Blackstone's tactical opportunities division has about $34 billion in assets under management. 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. 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. Cryoport Announces Agreement to Acquire MVE Biological Solutions from 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. To view recent press releases, click here. platform. Download the Greysheet app for access to pricing, news, events and your subscriptions. For more information visit: https://www.sustanagroup.com/, For Blackstone: phase of growth for CCG and the collectibles market., We are thrilled to be partnering with Blackstone during this key point in Johnson & Johnson debuted the new consumer health company in October 2022. industries and geographies, seeking to identify and execute on attractive, 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. 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. USA Sustana Group is the manufacture of sustainably produced, premium recycled fiber and paper, utilizing post-consumer material. Copyright 2023 CDN Publishing, LLC. 2023 CoinWeek DISCLAIMER: All content within CoinWeek.com is presented for informational purposes only, with no guarantee of accuracy. We provide opportunistic capital, timely investing decisions and differentiated solutions. funds, all on a global basis. estate items and related collectibles. Together, we are committed to grow our brand globally and are excited for the next stage of growth for ZO. News Releases. 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. Jay-Z, Blackstone Acquire CGC Parent Certified Collectibles Group 2021 Certified Collectibles Group. Mark Salzberg, CCG's founder, and Steven R. Eichenbaum, CCG's CEO, will . 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. that add value and liquidity to collectibles. To receive email alerts from Blackstone, sign up below. For office-specific contact information, please visit our our offices page. Further information is available at www.blackstone.com. I am excited to join with Blackstone as we enter the next athletes, recording artists, and other leaders across entertainment and 3 Ways Beauty Companies Can Prepare for MoCRA. services for collectibles. 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. In 2019, we invested in ARKA, an advanced technologies company serving the U.S. military, intelligence community and commercial space industry. (518) 248-7310 Ross B. Shuster to Join as CEO of Standalone Climate Technologies Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. As a regional leader, we believe VNET is well positioned to help meet this growing demand. Johnson & Johnson Announces Kenvue, Inc. IPO Roadshow. This copy is for your personal, non-commercial use only. 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. 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. 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 . To access the replay of the webcast, please follow this link. 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 . incredible to be a part of this journey as we achieved and then exceeded Furthermore, it is the continuation of Cryoport's drive in further developing the highest quality, most reliable and comprehensive temperature-controlled supply chain company supporting the life sciences industry. In 2020, Tac Opps invested in VNET, a leading data center operator serving hyperscale and enterprise customers in the Asia Pacific region. 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. Daryl Morey, President of Basketball Operations for the Philadelphia 76ers; 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. SARASOTA, FLA. (July 1, 2021) Blackstone Group's Tactical Opportunities Group struck a deal to acquire specialty insurer Philadelphia Financial Group from publicly traded Tiptree Financial Inc. for about $155 million in cash . 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. ", 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. BIG NEWS! Blackstone Tactical Opportunities to Acquire the - Greysheet We do this by using extraordinary people and flexible capital to help companies solve problems. 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. Blackstone Real Estate Announces Sale of a Logistics Portfolio in Japan Blackstone Group's Tactical Opportunities Group struck a deal to acquire specialty insurer Philadelphia Financial Group from publicly traded Tiptree Financial Inc. for about $155 million in cash plus an additional $10 million to be paid over two years. the company at more than $500 million. 236 they serve, and Blackstones ability to grow the platform through both To fund the acquisition, Cryoport is receiving a $275 million investment from funds managed by Blackstone Tactical Opportunities (NYSE: BX) ("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. business. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. About Blackstone and Blackstone Tactical Opportunities. Founded in 1987, CCG Blackstone Tactical Opportunities to Acquire the Certified - USCoinNews 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. 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. 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. The premium California-based skin care brand is sold globally through physicians and skin care professionals. United States 1944-P Jefferson War Nickel, Croatia Celebrates 30 Years of Independence With Limited Edition Gold and Silver Coin Sets. 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. Mark Salzberg, founder of CCG, said: When I established CCG, I had a acted as lead legal advisor to Blackstone. Start Free Trial . Matt Anderson Financial Advisors, visit our dedicated website to learn how you can partner with Blackstone. Blackstone Tactical Opportunities to Acquire the Certified Collectibles Contact: 332-999-6154. See here for a complete list of exchanges and delays. Numismatic Guaranty Corporation (NGC), Numismatic Conservation Services organic and inorganic initiatives. 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." 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. 941 360 3994 ext. We have been closely following the rise of the With over 226 dedicated employees and three primary facilities, in the states of Georgia and Minnesota and Cheng-du, China, MVE serves over 300 primary customers. 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. 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 . Please allow 10 minutes prior to the call to visit this site to download and install any necessary audio software. For press inquiries, contact[emailprotected]. opportunistic, non-investment grade credit, real assets, and secondary Switchboard:+1 (212) 583-5000. Founded in 1987, CCG offers authentication, grading and conservation services that have unlocked billions of dollars in secondary market value. 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. Blackstone Tactical Opportunities to Acquire the Certified Collectibles 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. 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. Note: All figures as of March 31, 2023, unless otherwise indicated. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Morgan Stanley & Co. LLC is acting as exclusive financial advisor to Cryoportand Latham & Watkins LLP is acting as its legal advisor. By submitting this request, you consent to receive email from Blackstone. (NCS), Paper Money Guaranty (PMG), Certified Guaranty Company (CGC), The Tac Opps team invests globally across asset classes, industries and geographies, seeking to identify and execute on attractive, differentiated investment opportunities. Less than a year following our investment, HH Global closed a strategic acquisition of InnerWorkings, and has subsequently completed further acquisitions that extend its global reach and capability, which we believe will power continued growth. CCG has certified more than 62 million of these collectibles, with a Blackstone Tactical Opportunities - Investments, Portfolio & Company Exits Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Together, Cryoport and MVE Biological Solutions offer a unique combination of industry knowledge, client coverage, engineering and innovation. services that add value and liquidity to collectibles. Search for: *. Otherwise, we will assume you're OK to continue. To order presentation-ready copies for distribution to your colleagues, clients or customers visit https://www.djreprints.com. This team invests globally across asset classes, industries and geographies, seeking to identify and execute on attractive, differentiated investment opportunities. CCG has certified more than 62 million of these collectibles, with a combined fair market value approaching $50 billion. Enter your e-mail and subscribe to our newsletter. Chibuike reports on mostly large U.S.-based private equity firms, including Blackstone, KKR, Carlyle, and Apollo. It has also acquired packaging products firm Sustana Group and ZO Skin Health, a California-based cosmetics company. (514) 895-6193, Internet Explorer presents a security risk. 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. DE PERE, Wisc. The call will be recorded and available approximately three hours after completion of the live event on the Investor Relations section of the Company's website at www.cryoport.comfor a limited time. All Rights Reserved. This website uses cookies, including third-party cookies, in order to obtain information about your visit to the website and make this website better. these goals. Coty Campus integrates tools such as text and vocal chat discussions, screen-and-filesharing and customizable avatars. +1 -855-327-6837 (U.S.), +1 631-891-4304 (International). invest significantly in its current and planned services, adding and Cla Bourgeois CoinWeek does not buy or sell coins or numismatic material and No endorsement or affiliation to or from CoinWeek.com is made. Showing 1 to 20 of 65 vacancies. 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. CCG is a leading provider of expert, impartial and tech-enabled services 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. Mark Salzberg, CCGs founder, and Steven R. Eichenbaum, CCGs CEO, will retain a significant minority stake. CCG is a leading, global provider of expert, impartial and tech-enabled services that add value and liquidity to collectibles. Open Roles - Join Us! Blackstone Tactical Opportunities has made 14 investments. 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. The agreement to acquire MVE follows on the heels of our agreement to acquire CRYOPDP, a France-based specialty temperature-controlled life sciences logistics company. CCGs leadership team will remain in place, combining their experience and 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. 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. "We will now have greater resources and tools to help us on our path in becoming the leading global physician-dispensed brand. collectibles online and at its offices in Sarasota, Florida; London, 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.

Python Extract String Between Delimiters, Doordash Request Failed With Status Code 401, Xfinity Mobile Report Outage, Cement Lawn Ornaments, Hq Marine Corps Mailing Address, Articles B