These investments are differentiated and seek to deliver portfolios with less correlation and lower volatility. All other names and marks referenced in this release are the trade names, trademarks, or service marks of their respective owners. ", BlackStone Tactical Opportunities acquired a majority stake in ZO Skin Health. 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. incredible to be a part of this journey as we achieved and then exceeded Follow Blackstone on Twitter @Blackstone. forefront of the fast-growing global collectibles industry with offices on 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.. Goldman Sachs & Co. LLC acted as exclusive financial advisor to CCG. How is the acquired Organization structured after the acquisition. All rights reserved.NGC, NCS, PMG, CGC, CCS, CSG, ASG, CAG and CCG are the registered trademarks or unregistered trademarks of Numismatic Guaranty Corporation of America, and/or its related companies in the United States and/or other countries. ", 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. Download the Greysheet app for access to pricing, news, events and your subscriptions. 2023 Allured Business Media. For press inquiries, contact[emailprotected]. 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. Weil, Gotshal & Manges Blackstone Tactical Opportunities is Blackstone's opportunistic investment platform. 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. 2021 Certified Collectibles Group. 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. Golub Capital led the financing Mariel Seidman-Gati acquiring new technologies and developing its digital presence. Supply Chain. C. C. Melvin Ike, Principal at Blackstone, said: As thematic investors, we Tactical Opportunities - Blackstone Tactical Opportunities We provide opportunistic capital, timely investing decisions and differentiated solutions. Individual Investors & Financial Advisors. 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). OR To view recent press releases, click here. 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 and CCG is a great example. Otherwise, we will assume you're OK to continue. In 2019, we invested in ARKA, an advanced technologies company serving the U.S. military, intelligence community and commercial space industry. Blackstone (NYSE:BX) announced today that funds managed by its Tactical The CCG companies include 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. A Blackstone spokesperson declined to comment. . We were one of the earlier investors and have since built world-class platforms, driven by our confidence in the sector's continued growth. 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. billions of dollars in secondary market value. For press inquiries, contact [emailprotected]. 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. 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. Blackstone does this by using extraordinary people and flexible capital to help companies solve problems. All quotes delayed a minimum of 15 minutes. Please click here if you would like more information about the cookies used on this website and how to change your cookie settings. Further information is available at www.blackstone.com. It has been incredible to be a part of this journey as we achieved and then exceeded these goals. 236[emailprotected]. CCG has certified more than 62 million of these collectibles, with a combined fair market value approaching $50 billion. Blackstone Tactical Opportunities has made 14 investments. News Releases. https://www.wsj.com/articles/DJFLBO0120141029eaatinmtl. Rubin, founder and executive chairman of Fanatics; SC.Holdings, a growth CCG has certified more than 62 million of these collectibles, with a For CCG help companies solve problems. For office-specific contact information, please visit our our offices page. 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. Additional investors in todays transaction include Roc Nation; Michael create positive economic impact and long-term value for investors, the 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. 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. Solutions. Windows of opportunity open and close without warning. Blackstone Tactical Opportunities Tactical Opportunities (Tac Opps) is Blackstone's opportunistic investment platform. 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. 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. See here for a complete list of exchanges and delays. 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. 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. Your identity will be restricted to first name/last initial, or a user ID you create. estate items and related collectibles. 941 360 3994 ext. Blackstone Tactical Opportunities has invested in Finance of America Companies on May 18, 2022. 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. (917) 698-1674 For office-specific contact information, please visitour offices page. Our strategy is unconstrained by asset class, industry, sector, security type or geography. Bri.Tarpey@edelman.com 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. 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. 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 investment is subject to the closing of the acquisition of MVE and other customary closing conditions. The merger, combined with a $5 million Series B funding round, will facilitate new product development and expansion into new international markets. funds, all on a global basis. Mark Salzberg, founder of CCG, said: When I established CCG, I had a offers authentication, grading and conservation services that have unlocked Follow Blackstone on Twitter @Blackstone. Enter your e-mail and subscribe to our newsletter. America, and/or its related companies in the United States and/or other These forward-looking statements include, but are not limited to, statements concerning closing of the MVE acquisition and the related Blackstone investment, the potential benefit of Cryoport's acquisition of MVE and the estimated or anticipated future business, performance and results of operations following the transaction. industries and geographies, seeking to identify and execute on attractive, Previously:3 Emerging Trends in the Post-COVID World of Skin Care. *. 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. 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 . 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. This website uses cookies, including third-party cookies, in order to obtain information about your visit to the website and make this website better. Duane Morris acted as legal advisor to CCG. trademarks or unregistered trademarks of Numismatic Guaranty Corporation of Our asset management businesses, with $564 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Daryl Morey, President of Basketball Operations for the Philadelphia 76ers; acted as lead legal advisor to Blackstone. 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. Chibuike reports on mostly large U.S.-based private equity firms, including Blackstone, KKR, Carlyle, and Apollo. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. We provide opportunistic capital, timely investing decisions and differentiated solutions. equity platform; Mastry, founded by Rudy Cline-Thomas; Andre Iguodala; Words or phrases such as "believe," "may," "could," "will," "estimate," "continue," "anticipate," "intend," "seek," "plan," "expect," "should," "would" or similar expressions are intended to identify forward-looking statements. 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. 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. 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. 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. 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. Sign up to receive financial updates and information. USA Search Crunchbase. business. 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 . We completed a follow-on investment in 2020, furthering our mission to deliver next-generation solutions to support the national security space domain. This copy is for your personal, non-commercial use only. Blackstone is the world's largest alternative asset manager. the company at more than $500 million. CCG is a leading, global provider of expert, impartial and tech-enabled We do this by using extraordinary people and flexible capital to help companies solve problems. For Sustana 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. 100% recycled fiber for use in direct food contact packaging. 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. Hannover Re is providing financing for the transaction, which is expected to close in the third quarter of 2015. Guaranty (CAG). Janell Armstrong, Marketing Coordinator Together, Cryoport and MVE Biological Solutions offer a unique combination of industry knowledge, client coverage, engineering and innovation. Canada Contact:For BlackstoneMatt Anderson518-248-7310[emailprotected], For CCGJanell Armstrong, Marketing Coordinator941.360.3990 ext. 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. All other names and marks referenced in this release are the 'Investor Relations' section at www.cryoport.com or at this link. Note: All figures as of March 31, 2023, unless otherwise indicated. Together, we are committed to grow our brand globally and are excited for the next stage of growth for ZO. For Blackstone 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.