blackstone tactical opportunities acquires

DE PERE, Wisc. 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. expertise with Blackstones extensive resources. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. 941 360 3994 ext. magazines, concert posters, stamps, trading cards, sports cards and estate 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 (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 Tactical Opportunities to Acquire the Certified - USCoinNews Rubin, founder and executive chairman of Fanatics; SC.Holdings, a growth Terms of the deal were not disclosed. Oat-Milk Company Oatly Draws Investment From Blackstone-Led Group 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. 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. 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. All other names and marks referenced in this release are the Further information is available at www.blackstone.com. Este Lauder Companies' Vice Chairman Retiring July 2023. 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. Our strategy is unconstrained by asset class, industry, sector, security type or geography. 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 . 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.". 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. We were one of the earlier investors and have since built world-class platforms, driven by our confidence in the sector's continued growth. DE PERE, Wisc. 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. 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. ", 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. Individual Investors & Financial Advisors. Daryl Morey, President of Basketball Operations for the Philadelphia 76ers; Blackstone Tactical Opportunities is Blackstone's opportunistic investment platform. 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). 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. ", 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. Switchboard: +1 (212) 583-5000. 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. In 2020, Tac Opps invested in Ki, the first fully digital and algorithmically driven insurance underwriter in the Lloyds of London market. 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. 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. 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. England; Munich, Germany; and Shanghai and Hong Kong, China. Goldman Sachs & Co. LLC acted as exclusive financial advisor to CCG. 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. Blackstone Tactical Opportunities to Acquire the Certified Collectibles 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. Cosmetics Debuts Digital Series 'Vanity Table Talk'. Follow Blackstone on Twitter @Blackstone. 236 the company at more than $500 million. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. By submitting this request, you consent to receive email from Blackstone. Blackstone to Acquire CCG | CoinNews Inoac Packaging Group has been a leader in heavy and ultra-heavy wall PET packaging for over 30 years. services for collectibles. Financial Advisors, visit our dedicated website to learn how you can partner with Blackstone. All Rights Reserved. Ross B. Shuster to Join as CEO of Standalone Climate Technologies To learn more, visit collectiblesgroup.com. 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. For CCG Blackstone is the world's largest alternative asset manager. Mark Salzberg, founder of CCG, said: When I established CCG, I had a To receive email alerts from Blackstone, sign up below. This team invests globally across asset classes, industries and geographies, seeking to identify and execute on attractive, differentiated investment opportunities. These investments are differentiated and seek to deliver portfolios with less correlation and lower volatility. Johnson & Johnson debuted the new consumer health company in October 2022. Blackstone Tactical Opportunities Announces Acquisition of Sustana, a To learn more, 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. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. +1 -855-327-6837 (U.S.), +1 631-891-4304 (International). It has also acquired packaging products firm Sustana Group and ZO Skin Health, a California-based cosmetics company. 2023 CoinWeek DISCLAIMER: All content within CoinWeek.com is presented for informational purposes only, with no guarantee of accuracy. that add value and liquidity to collectibles. offers authentication, grading and conservation services that have unlocked Over the last 35 years, Search Crunchbase. 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." 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. Previously:3 Emerging Trends in the Post-COVID World of Skin Care. Golub Capital led the financing for the transaction. Matt Anderson In 2019, we invested in ARKA, an advanced technologies company serving the U.S. military, intelligence community and commercial space industry. I am excited to join with Blackstone as we enter the next Previously: 3 Emerging Trends in the Post-COVID World of Skin Care 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. 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. 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. The Tac Opps team invests globally across asset classes, industries and geographies, seeking to identify. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Bri Tarpey 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). For office-specific contact information, please visit our our offices page. is one of the worlds leading investment firms with nearly $650 billion in Please click here if you would like more information about the cookies used on this website and how to change your cookie settings. 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. 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. Mark Salzberg, CCGs founder, and Steven R. Eichenbaum, CCGs CEO, will retain a significant minority stake. (Stockholm, 13 June 2022) The Stockholm International Peace Research Institute (SIPRI) today launches the findings of SIPRI Yearbook 2022, which assesses the current state of armaments, disarmament and international security.A key finding is that despite a marginal decrease in the number of nuclear warheads in 2021, nuclear arsenals are expected to grow over the coming decade. Together, Cryoport and MVE Biological Solutions offer a unique combination of industry knowledge, client coverage, engineering and innovation. Golub Capital led the financing Walker Edison, a Leading E-commerce Furniture Company, Receives a Please allow 10 minutes prior to the call to visit this site to download and install any necessary audio software. USA Start Free Trial . collectibles online and at its offices in Sarasota, Florida; London, This marks an exciting time in our growth as we become a larger and more comprehensive global player in supporting the fast growing cell and gene therapy industry and the life sciences industry, at large, with the most advanced and reliable temperature-controlled supply chain solutions in the world. 518 248 7310 For information on our privacy practices see our Privacy Policy. A Blackstone spokesperson declined to comment. In late December, funds managed by Blackstone Tactical Opportunities acquired a significant stake in Bradenton-based Sunz Holdings LLC. and CCG is a great example. 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. 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). About Certified Collectibles Group (CCG)CCG is a leading provider of expert, impartial and tech-enabled services that add value and liquidity to collectibles. Our mission is to support life and health on earth by providing reliable and comprehensive solutions for the life sciences industry through our advanced technologies, global supply chain network and dedicated scientists, technicians and supporting team of professionals. 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. It is important to note that Cryoport's actual results could differ materially from those in any such forward-looking statements. This website uses cookies, including third-party cookies, in order to obtain information about your visit to the website and make this website better. Sara Moss joined ELC in 2003 as executive vice president and general counsel. Goldman, Sachs & Co. is acting as exclusive financial advisor to Blackstone and Simpson Thacher & Bartlett LLP is acting as its legal advisor. Mark Salzberg, CCGs founder, and Blackstone Acquires Majority Stake in ZO Skin Health News Releases. 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. Johnson & Johnson Announces Kenvue, Inc. IPO Roadshow. We have been closely following the rise of the 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. they serve, and Blackstones ability to grow the platform through both 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. visit collectiblesgroup.com. In conjunction with Blackstone's investment in Cryoport, Cryoport will appoint Ram Jagannath, Senior Managing Director and Global Head of Healthcare for Blackstone Growth and Tactical Opportunities, to its Board of Directors upon the closing of the transaction. I am excited to join with Blackstone as we enter the next phase of growth for CCG and the collectibles market., We are thrilled to be partnering with Blackstone during this key point in the industry as the collectibles market continues to accelerate and attract new collectors and investors, added Steven R. Eichenbaum, CEO at CCG. training new employees, expanding its geographic and product reach, Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. For press inquiries, contact [emailprotected]. A global investment firm with $584 billion in assets under management has put a major vote of confidence in one area firm. For office-specific contact information, please visitour offices page. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. equity platform; Mastry, founded by Rudy Cline-Thomas; Andre Iguodala; Blackstone Tactical Opportunities to Acquire NGC and Certified 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 . The Blackstone team supports both my vision of delivering healthy skin to all people and the business potential of the company. Chibuike reports on mostly large U.S.-based private equity firms, including Blackstone, KKR, Carlyle, and Apollo. The premium California-based skin care brand is sold globally through physicians and skin care professionals. Switchboard:+1 (212) 583-5000. 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. 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. CCG has certified more than 62 million of these collectibles, with a combined fair market value approaching $50 billion. Jay-Z, Blackstone Acquire CGC Parent Certified Collectibles Group For more information visit: https://www.sustanagroup.com/, For Blackstone: ", 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 Tactical Opportunities Tactical Opportunities (Tac Opps) is Blackstone's opportunistic investment platform. See here for a complete list of exchanges and delays. Further information is available at www.blackstone.com. Otherwise, we will assume you're OK to continue. To access the replay, dial +1 844-512-2921 (United States) or +1 412-317-6671 (International) and enter replay pin number: 10010868. and Main Street Advisors, a leading investment advisory firm to prominent 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. 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. 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. Cryoport Announces Agreement to Acquire MVE Biological Solutions from million coins, banknotes, comic books, trading cards, sports cards, stamps, 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. items. Duane Morris acted as legal advisor to CCG. 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. 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. Enter your e-mail and subscribe to our newsletter. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. 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. New exclusive episodes will be released each month through August on e.l.f.s social channels, including YouTube, Instagram and TikTok. Sustana Group acquired by Blackstone Tactical Opportunities - CrunchBase

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