and Main Street Advisors, a leading investment advisory firm to prominent See here for a complete list of exchanges and delays. We look forward to partnering with the company and its management team to continue accelerating their further expansion as they deliver leading sustainability products and solutions to their customers., Fabian De Armas, CEO and Chairman of Sustana, said: Blackstones investment is a strong endorsement of our Company and our highly talented team, and launches an exciting new chapter for Sustana. 2021 Certified Collectibles Group. training new employees, expanding its geographic and product reach, 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 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. Private Equitys First-Quarter Fundraising Dollars Hold Steady but Closings Fall, Ares Management Profit Lifted by Management Fees, Private Investors Looking to Capitalize on Nearshoring Trends Turn to Mexico, I Squared Capitals Andreas Moon Leaves Firm He Helped Build. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. Capital ("H.I.G."). 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 . Report: Boost Lab x tbh Skincare Merge to Form York Street Brands. To view recent press releases,click here. Their most recent investment was on May 18, 2022, when Recurrent Ventures raised $300M. Johnson & Johnson Announces Kenvue, Inc. IPO Roadshow. This investment - Post-IPO Equity - Finance of America Companies - was valued at $300M. CCGs leadership team will remain in place, combining their experience and We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. 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 For press inquiries, contact [emailprotected]. 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. 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. 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. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in. Previously: 3 Emerging Trends in the Post-COVID World of Skin Care Duane Morris acted as legal advisor to CCG. 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. For office-specific contact information, please visit our our offices page. Switchboard: +1 (212) 583-5000. 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. Morgan Stanley & Co. LLC is acting as exclusive financial advisor to Cryoportand Latham & Watkins LLP is acting as its legal advisor. Together, Cryoport and MVE Biological Solutions offer a unique combination of industry knowledge, client coverage, engineering and innovation. https://www.wsj.com/articles/DJFLBO0120141029eaatinmtl. 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 . countries. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. 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. 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. forefront of the fast-growing global collectibles industry with offices on Financial Advisors, visit our dedicated website to learn how you can partner with Blackstone. help companies solve problems. Guaranty (CAG). 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. 2021 Certified Collectibles Group. To learn more, For information on our privacy practices see our Privacy Policy. Blackstone will seek to accelerate CCGs growth, enabling the company to About Blackstone Tactical OpportunitiesTactical Opportunities (Tac Opps) is Blackstones opportunistic investment platform. Switchboard:+1 (212) 583-5000. To receive email alerts from Blackstone, sign up below. 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. differentiated investment opportunities. America, and/or its related companies in the United States and/or other 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. For more information, visit www.cryoport.com or follow @cryoport on Twitter at www.twitter.com/cryoport for live updates. Matt Anderson estate items and related collectibles. 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. DE PERE, Wisc. Start Free Trial . All other names and marks referenced in this release are the This team invests globally across asset classes, industries and geographies, seeking to identify and execute on attractive, differentiated investment opportunities. offers authentication, grading and conservation services that have unlocked look for exceptional entrepreneurial teams succeeding in growing markets, Please click here if you would like more information about the cookies used on this website and how to change your cookie settings. Blackstone Tactical Opportunities has made 14 investments. 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. 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. By selecting the relevant option, you certify that it accurately reflects your residency. 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. 236 In 2019, we invested in ARKA, an advanced technologies company serving the U.S. military, intelligence community and commercial space industry. 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. billions of dollars in secondary market value. Carlyle is one of the world's largest and most diversified global investment firms, with $373 billion of assets under management across 3 business segments and 543 investment vehicles. Terms of the deal were not disclosed. 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. 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). 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. I am excited to join with Blackstone as we enter the next 1. Announced . 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. Our Firm. It has also acquired packaging products firm Sustana Group and ZO Skin Health, a California-based cosmetics company. About Certified Collectibles Group (CCG). 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. organic and inorganic initiatives. We do this by using extraordinary people and flexible capital to help companies solve problems. Download the Greysheet app for access to pricing, news, events and your subscriptions. vision that we would transform collectibles into an asset class that is 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. To access the replay of the webcast, please follow this link. Capital ("H.I.G."). ", Coty x Spatial Launching Coty Campus Metaverse for Employees. 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 Tac Opps team invests globally across asset classes, industries and geographies, seeking to identify. View original content to download multimedia:http://www.prnewswire.com/news-releases/cryoport-announces-agreement-to-acquire-mve-biological-solutions-from-chart-industries-301117704.html, << Back to 2020 It has been Today, CCG sits at the opportunistic, non-investment grade credit, real assets, and secondary Founded in 1987, CCG 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.". Blackstone's tactical opportunities division has about $34 billion in assets under management. Your identity will be restricted to first name/last initial, or a user ID you create. This team invests globally across asset classes, industries and geographies, seeking to identify and execute on attractive, differentiated investment opportunities. Further information is available at www.blackstone.com. The Tac Opps team invests globally across asset classes,. 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. Certainty. SARASOTA, FLA. (July 1, 2021) matthew.anderson@blackstone.com Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. 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. Further information is available at www.blackstone.com. The remainder of the purchase price for the MVE acquisition will be paid from the Company's cash balance. 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. 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. Inoac Packaging Group has been a leader in heavy and ultra-heavy wall PET packaging for over 30 years. Together, we are committed to grow our brand globally and are excited for the next stage of growth for ZO. 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. ", On behalf of ZOs management team, we are thrilled to work with Dr. Zein Obagi and our new partner in Blackstone,"said president and CEO at ZO Skin Health, Mark Williams. The premium California-based skin care brand is sold globally through physicians and skin care professionals. Additional investors in todays transaction include Roc Nation; Michael Weil, Gotshal & Manges acted as lead legal advisor to Blackstone. Blackstone Tactical Opportunities has invested in Finance of America Companies on May 18, 2022. Golub Capital led the financing CCG is a leading, global provider of expert, impartial and tech-enabled services that add value and liquidity to collectibles. services that add value and liquidity to collectibles. 'Investor Relations' section at www.cryoport.com or at this link. CCG has expanded from collectible coins to comic books, banknotes, United States 1944-P Jefferson War Nickel, Croatia Celebrates 30 Years of Independence With Limited Edition Gold and Silver Coin Sets. We look forward to investing further in the business to drive growth and believe ZO is well positioned to continue delivering premier solutions to physicians and patients., Skin Health is one of the fastest-growing brands in the rapidly expanding professional skin care market,", 3 Emerging Trends in the Post-COVID World of Skin Care, 15+ Trends in Cosmetics Innovation at in-cosmetics Global 2023, How Luxury Skin Care Got Outflanked by Lower-priced Brands, A dedicated eco-designed website for SILABs Actively Caring CSR program. We look forward to working together to help the company continue and even accelerate its impressive growth trajectory.. The Blackstone team supports both my vision of delivering healthy skin to all people and the business potential of the company. 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. NGC, NCS, PMG, CGC, CCS, CSG, ASG, CAG and CCG are the registered Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. 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. We look forward to working together to 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. companies they invest in, and the communities in which they work. 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. From the moment we met the Blackstone team, we could tell that we shared the same vision for the future of our company and the global collectibles industry.. Unilever Prestige Beauty Sales Drive Q1 2023 Results. To learn more, visit collectiblesgroup.com. We provide opportunistic capital, timely investing decisions and differentiated solutions. Individual Investors & Financial Advisors. Our strategy is unconstrained by asset class, industry, sector, security type or geography. Over the last 35 years, Otherwise, we will assume you're OK to continue. Otherwise, we will assume you're OK to continue. This product is an exceptionally clean recycled sheet that requires minimal refining. the same vision for the future of our company and the global collectibles By selecting the relevant option, you certify that it accurately reflects your residency. For more information visit: https://www.sustanagroup.com/, For Blackstone: and SAINT-JRME, Quebec 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. By submitting this request, you consent to receive email from Blackstone. To fund the acquisition, Cryoport is receiving a $275 million investment from funds managed by Blackstone Tactical Opportunities (NYSE: BX) ("Blackstone"). 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 . ", 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. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Mark Salzberg, founder of CCG, said: When I established CCG, I had a "We are thrilled to partner with ZO, Dr. Zein Obagi and the management team to continue to serve patients. 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. For Blackstone Directly lead and manage the Criminal History, Expunctions, Public Counter, Fax Account, and Subpoena Units. trajectory.. For press inquiries, contact[emailprotected]. For information on our privacy practices see our Privacy Policy. 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. Secrets of the Rare Coin & Bullion Business. Our team has built a leading sustainability platform in our markets and Sustana is well positioned for robust continued growth in partnership with Blackstone.. Blackstone Tactical Opportunities acquires Sustana Group on 2021-12-01 for an undisclosed amount. 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. All Rights Reserved. Chrome Extension. Blackstone is one of the world's leading investment firms. positive impact for the companies it acquires and the communities that they Mark Salzberg, CCGs founder, and 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. Contact:For BlackstoneMatt Anderson518-248-7310[emailprotected], For CCGJanell Armstrong, Marketing Coordinator941.360.3990 ext. 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. were drawn to CCG because of their leadership role in the categories that We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. Goldman Sachs & Co. LLC acted as exclusive financial advisor to CCG. expertise with Blackstones extensive resources. (917) 698-1674 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 website uses cookies, including third-party cookies, in order to obtain information about your visit to the website and make this website better. 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). A Blackstone spokesperson declined to comment. 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. Science. Showing 1 to 20 of 65 vacancies. 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. 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. these goals. Portions of this site are directed only to persons in certain jurisdictions. Please allow 10 minutes prior to the call to visit this site to download and install any necessary audio software. We were one of the earlier investors and have since built world-class platforms, driven by our confidence in the sector's continued growth. 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. 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. It has been incredible to be a part of this journey as we achieved and then exceeded these goals. CCG is a leading, global provider of expert, impartial and tech-enabled Matthew.Anderson@Blackstone.com Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. 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. The Tac Opps team invests globally across asset classes, mariel.seidmangati@blackstone.com manufacturers an exceptionally clean and performant. 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. The Tac Opps team invests globally across asset classes, industries and geographies, seeking to identify and execute on attractive, differentiated investment opportunities.
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