To access the replay, dial +1 844-512-2921 (United States) or +1 412-317-6671 (International) and enter replay pin number: 10010868. It has been Announced . All other names and marks referenced in this release are the trade names, trademarks, or service marks of their respective owners. https://www.wsj.com/articles/DJFLBO0120141029eaatinmtl. opportunistic, non-investment grade credit, real assets, and secondary Switchboard: +1 (212) 583-5000. services that add value and liquidity to collectibles. Rubin, founder and executive chairman of Fanatics; SC.Holdings, a growth 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. 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. All other names and marks referenced in this release are the Please allow 10 minutes prior to the call to visit this site to download and install any necessary audio software. To access the replay of the webcast, please follow this link. Matt Anderson 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. companies they invest in, and the communities in which they work. To receive email alerts from Blackstone, sign up below. matthew.anderson@blackstone.com 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. Together, we are committed to grow our brand globally and are excited for the next stage of growth for ZO. 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. Sustana Group is proud to provide a comprehensive, sustainable pulp and paper solution for customers throughout North America. Hannover Re is providing financing for the transaction, which is expected to close in the third quarter of 2015. acquiring new technologies and developing its digital presence. ", 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. Morgan Stanley & Co. LLC is acting as exclusive financial advisor to Cryoportand Latham & Watkins LLP is acting as its legal advisor. SARASOTA, FLA. (July 1, 2021) Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. We do this by using extraordinary people and flexible capital to help companies solve problems. Bri.Tarpey@edelman.com 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. Mark Salzberg, CCG's founder, and Steven R. Eichenbaum, CCG's CEO, will . Previously: 3 Emerging Trends in the Post-COVID World of Skin Care 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. 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. help companies solve problems. 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. Johnson & Johnson Announces Kenvue, Inc. IPO Roadshow. 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 Tactical Opportunities has made 14 investments. Secrets of the Rare Coin & Bullion Business. manufacturers an exceptionally clean and performant. 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. This website uses cookies, including third-party cookies, in order to obtain information about your visit to the website and make this website better. Capital (H.I.G.). 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. 'Investor Relations' section at www.cryoport.com or at this link. CCG has expanded from collectible coins to comic books, banknotes, Sunz Holdings is the parent company of Sunz Insurance, a fast-growing national workers . 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. Blackstone is one of the world's leading investment firms. Our Standards: The Thomson Reuters Trust Principles. 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. How is the acquired Organization structured after the acquisition. Clea.Bourgeois@edelman.com To ensure the most secure and best overall experience on our website, we recommend the latest versions of. and CCG is a great example. 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. All rights reserved. Download the Greysheet app for access to pricing, news, events and your subscriptions. To view recent press releases,click here. 236[emailprotected]. The Tac Opps team invests globally across asset classes, industries and geographies, seeking to identify and execute on attractive, differentiated investment opportunities. Subscribe to Monthly Greysheet for the industry's most respected pricing and to read more articles just like this. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. About Blackstone and Blackstone Tactical Opportunities. CoinWeek does not buy or sell coins or numismatic material and No endorsement or affiliation to or from CoinWeek.com is made. Terms of the deal were not disclosed. Blackstone Tactical Opportunities has invested in Finance of America Companies on May 18, 2022. Blackstone markets its tactical opportunities funds as products that provide "opportunistic capital", which is not limited to any industry, geography, or specific group of assets, enabling it to make investments from data centers and ports to dating apps and women's wear. 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.. Matt Anderson ", 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. ", 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. help the company continue and even accelerate its impressive growth For press inquiries, contact [emailprotected]. ", BlackStone Tactical Opportunities acquired a majority stake in ZO Skin Health. Sign up to receive financial updates and information. 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. America, and/or its related companies in the United States and/or other Over the last 35 years, Search for: *. services for collectibles. 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. The merger, combined with a $5 million Series B funding round, will facilitate new product development and expansion into new international markets. To view recent press releases,click here. 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. The CCG companies include This product provides tissue CCGs leadership team will remain in place, combining their experience and This website uses cookies, including third-party cookies, in order to obtain information about your visit to the website and make this website better. Blackstone does this by using extraordinary people and flexible capital to help companies solve problems. funds, all on a global basis. 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. (608) 807-9033 Mark Salzberg, CCGs founder, and C. C. Melvin Ike, Principal at Blackstone, said: As thematic investors, we Portions of this site are directed only to persons in certain jurisdictions. 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. Este Lauder Companies' Vice Chairman Retiring July 2023. differentiated investment opportunities. 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. Supply Chain. 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." . serve. 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. 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 respond dynamically, moving with conviction, judgment and discipline to capture opportunities that less equipped investors miss. NGC, NCS, PMG, CGC, CCS, CSG, ASG, CAG and CCG are the registered Further information is available at www.blackstone.com. http://www.prnewswire.com/news-releases/cryoport-announces-agreement-to-acquire-mve-biological-solutions-from-chart-industries-301117704.html. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. OR 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. Please click here if you would like more information about the cookies used on this website and how to change your cookie settings. 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. 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. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. We do this by using extraordinary people and flexible capital to help companies solve problems. 2021 Certified Collectibles Group. Founded in 1987, CCG Steven R. Eichenbaum, CCGs CEO, will retain a significant minority stake. create positive economic impact and long-term value for investors, the organic and inorganic initiatives. 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. these goals. 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. CCG is a leading, global provider of expert, impartial and tech-enabled Follow Blackstone on Twitter @Blackstone. Weil, Gotshal & Manges To receive email alerts from Blackstone, sign up below. For Sustana Further information is available at www.blackstone.com. 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. By submitting this request, you consent to receive email from Blackstone. trade names, trademarks, or service marks of their respective owners. Cla Bourgeois Opportunities business (Blackstone) have agreed to acquire a majority 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.". In 2020, Tac Opps invested in VNET, a leading data center operator serving hyperscale and enterprise customers in the Asia Pacific region. "We are thrilled to partner with ZO, Dr. Zein Obagi and the management team to continue to serve patients. Blackstone is the worlds largest alternative asset manager. Financial Advisors, visit our dedicated website to learn how you can partner with Blackstone. Founded in 1987, CCG offers authentication, grading and conservation services that have unlocked billions of dollars in secondary market value. 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. CCG has certified more than 62 million of these collectibles, with a combined fair market value approaching $50 billion. 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. Jerrell Shelton, CEO of Cryoport, said, "The acquisition of MVE Biological Solutions represents an important step in carrying out Cryoport's mission. Considering all of the many advantages of our business, being a part of Blackstone is the single biggest differentiator and the one which is hardest to replicate.. See here for a complete list of exchanges and delays. Follow Blackstone on Twitter @Blackstone. Blackstone Tactical Opportunities Blackstone Tactical Opportunities is an opportunistic investing platform seeking to capitalize on global investment opportunities. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in. Individual Investors & Financial Advisors. Golub Capital led the financing for the transaction. positive impact for the companies it acquires and the communities that they Classic Collectible Services (CCS), Certified Sports Guaranty (CSG), 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. 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 (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. 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. Unilever Prestige Beauty Sales Drive Q1 2023 Results. Your identity will be restricted to first name/last initial, or a user ID you create. 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. the same vision for the future of our company and the global collectibles A global investment firm with $584 billion in assets under management has put a major vote of confidence in one area firm. We look forward to working together to For office-specific contact information, please visitour offices page. We do this by using extraordinary people and flexible capital to help companies solve problems. 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. All News, Articles, Commentary and Opinions are contributed by the author(s), with or without compensation, who are solely responsible for the content, and do not represent CoinWeek Management. 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. 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. Cryoport cautions investors not to place undue reliance on the forward-looking statements contained in this press release, which speak only as of the date of this press release. Blackstone 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 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. Bri Tarpey Duane Morris acted as legal advisor to CCG. Start Free Trial . magazines, concert posters, stamps, trading cards, sports cards and estate For press inquiries, contact[emailprotected]. Janell Armstrong, Marketing Coordinator mariel.seidmangati@blackstone.com Keep up with information updates and partner information. Their most recent investment was on May 18, 2022, when Recurrent Ventures raised $300M. 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. global physical and digital collectibles industry for several years and we 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. 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. Previously:3 Emerging Trends in the Post-COVID World of Skin Care. 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. that add value and liquidity to collectibles. All quotes delayed a minimum of 15 minutes. Tactical Opportunities (Tac Opps) is Blackstone's opportunistic investment

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