Blackstone Tactical Opportunities Announces Acquisition of Sustana, a Cryoport Announces Agreement to Acquire MVE Biological Solutions from . A global investment firm with $584 billion in assets under management has put a major vote of confidence in one area firm. trusted by collectors, dealers and investors around the world. were drawn to CCG because of their leadership role in the categories that estate, public debt and equity, life sciences, growth equity, Jay-Z, Blackstone Acquire CGC Parent Certified Collectibles Group Blackstone is the world's largest alternative asset manager. Job vacancies at King | King Careers companies they invest in, and the communities in which they work. Otherwise, we will assume you're OK to continue. For press inquiries, contact[emailprotected]. All other names and marks referenced in this release are the The premium California-based skin care brand is sold globally through physicians and skin care professionals. Steven R. Eichenbaum, CCGs CEO, will retain a significant minority stake. This copy is for your personal, non-commercial use only. Terms of the deal were not disclosed. Blackstone Tactical Opportunities is an opportunistic investing platform seeking to capitalize on global investment opportunities. We have been closely following the rise of the The skin tool rates ingredients on a scale of best to worst based on cited research from a broad range of fields including anatomy, physiology, dermatology, cosmetic chemistry, genetics, environmental science and safety. All Rights Reserved. help companies solve problems. 941 360 3994 ext. 3 Ways Beauty Companies Can Prepare for MoCRA. Our team has built a leading sustainability platform in our markets and Sustana is well positioned for robust continued growth in partnership with Blackstone.. Follow Blackstone on Twitter @Blackstone. funds, all on a global basis. Global nuclear arsenals are expected to grow as states continue - SIPRI Sara Moss joined ELC in 2003 as executive vice president and general counsel. Sustana Group is proud to provide a comprehensive, sustainable pulp and paper solution for customers throughout North America. Directly lead and manage the Criminal History, Expunctions, Public Counter, Fax Account, and Subpoena Units. For information on our privacy practices see our Privacy Policy. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Our Standards: The Thomson Reuters Trust Principles. 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. Certainty. 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. 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. 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. 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. Weil, Gotshal & Manges acted as lead legal advisor to Blackstone. Are You Putting A Great Oil Product In A Leaking Bottle? 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. 'Investor Relations' section at www.cryoport.com or at this link. Previously:3 Emerging Trends in the Post-COVID World of Skin Care. Daryl Morey, President of Basketball Operations for the Philadelphia 76ers; serve. OR To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Founded in 1987, CCG offers authentication, grading and conservation services that have unlocked billions of dollars in secondary market value. "Both companies serve sophisticated life sciences clients, and having these two life sciences supporting leaders working together will amplify the high quality and reliability their respective customers have come to rely on. organic and inorganic initiatives. This copy is for your personal, non-commercial use only. Walker Edison, a Leading E-commerce Furniture Company, Receives a Showing 1 to 20 of 65 vacancies. Educational Consultant - EMC Education Group, LLC - LinkedIn 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. We were one of the earlier investors and have since built world-class platforms, driven by our confidence in the sector's continued growth. 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. Sunz Holdings is the parent company of Sunz Insurance, a fast-growing national workers . 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. platform. 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. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in. Together, we are committed to grow our brand globally and are excited for the next stage of growth for ZO. 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. It has been Search for: *. Authenticated Stamp Guaranty (ASG) and Collectibles Authentication Our Firm. We completed a follow-on investment in 2020, furthering our mission to deliver next-generation solutions to support the national security space domain. 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. 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. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. He previously worked at Bloomberg News, and holds master's degrees in journalism from New York University and Edinburgh Napier University. By submitting this request, you consent to receive email from Blackstone. Blackstone Tactical Opportunities has invested in Finance of America Companies on May 18, 2022. Science. A dial-in replay of the call will also be available, to those interested, until September 1, 2020. 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. 236 Matthew.Anderson@Blackstone.com management include investment vehicles focused on private equity, real "We will now have greater resources and tools to help us on our path in becoming the leading global physician-dispensed brand. Blackstone Tactical Opportunities to Acquire the Certified - USCoinNews Additional investors in todays transaction include Roc Nation; Michael 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. For office-specific contact information, please visit our our offices page. Report: Boost Lab x tbh Skincare Merge to Form York Street Brands. 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. 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. Article content. Blackstone Tactical Opportunities Acquires Sustana Group - PaperAge *. Blackstone does this by using extraordinary people and flexible capital to help companies solve problems. (NCS), Paper Money Guaranty (PMG), Certified Guaranty Company (CGC), Financial Advisors, visit our dedicated website to learn how you can partner with Blackstone. Open Roles - Join Us! SARASOTA, FLA. (July 1, 2021) Blackstone's tactical opportunities division has about $34 billion in assets under management. 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. By submitting this request, you consent to receive email from Blackstone. stake in the Certified Collectibles Group (CCG) in a transaction valuing The unit is run by David Blitzer, who is an avid investor in sports teams, including English soccer club Crystal Palace, the New Jersey Devils of the U.S. hockey league, and the National Basketball Association's Philadelphia 76ers. Tactical Opportunities (Tac Opps) is Blackstone's opportunistic investment platform. 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. Andrea Serra, a Managing Director at Blackstone, said: The increasing focus on environmental sustainability by businesses and consumers alike is one of Blackstones highest conviction investment themes and we are proud to back Sustana, a fast-growing leader in this sector. 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. Rubin, founder and executive chairman of Fanatics; SC.Holdings, a growth As part of our thematic work in aerospace and government services, Tac Opps is focused on innovative companies working to deliver breakthrough solutions to the public sector. Secrets of the Rare Coin & Bullion Business. 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. Mark Salzberg, founder of CCG, said: When I established CCG, I had a Note: All figures as of March 31, 2023, unless otherwise indicated. We make investments that traditional investment strategies either dont or cant. Blackstone Tactical Opportunities Announces Acquisition of Sustana, a Follow Blackstone on Twitter @Blackstone. Golub Capital led the financing for the transaction. collectibles online and at its offices in Sarasota, Florida; London, All other names and marks referenced in this release are the trade names, trademarks, or service marks of their respective owners. Andrea Serra, a Managing Director at Blackstone, said: The increasing focus on environmental sustainability by businesses and consumers alike is one of Blackstones highest conviction investment themes and we are proud to back Sustana, a fast-growing leader in this sector. Start Free Trial . See here for a complete list of exchanges and delays. 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. To view recent press releases,click here. Blackstone Announces Investment in Hotwire Communications in Mark Salzberg, CCGs founder, and Steven R. Eichenbaum, CCGs CEO, will retain a significant minority stake. The industry leader for online information for tax, accounting and finance professionals. This investment - Post-IPO Equity - Finance of America Companies - was valued at $300M. invest significantly in its current and planned services, adding and 100% recycled fiber for use in direct food contact packaging. 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). Switchboard: +1 (212) 583-5000. We do this by using extraordinary people and flexible capital to help companies solve problems. 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. (608) 807-9033 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. services that add value and liquidity to collectibles. Matt Anderson Mark Salzberg, CCG's founder, and Steven R. Eichenbaum, CCG's CEO, will . Blackstone is one of the world's leading investment firms. 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. 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 . is one of the worlds leading investment firms with nearly $650 billion in For office-specific contact information, please visitour offices page. Jerrell Shelton, CEO of Cryoport, said, "The acquisition of MVE Biological Solutions represents an important step in carrying out Cryoport's mission. 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. Blackstone Tactical Opportunities is Blackstone's opportunistic investment platform. Deca Dental Group Announces Strategic Investment From Blackstone 2023 CoinWeek DISCLAIMER: All content within CoinWeek.com is presented for informational purposes only, with no guarantee of accuracy. For press inquiries, contact [emailprotected]. To learn more, visit collectiblesgroup.com. 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. Together, Cryoport and MVE Biological Solutions offer a unique combination of industry knowledge, client coverage, engineering and innovation. acquiring new technologies and developing its digital presence. athletes, recording artists, and other leaders across entertainment and https://www.wsj.com/articles/DJFLBO0120141029eaatinmtl. Today, CCG serves the world of We look forward to working together to NGC, NCS, PMG, CGC, CCS, CSG, ASG, CAG and CCG are the registered Subscribe to Monthly Greysheet for the industry's most respected pricing and to read more articles just like this. Cla Bourgeois Blackstone Tactical Opportunities has made 14 investments. 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. DE PERE, Wisc. 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. Blackstone-owned lender and servicer Finance of America - HousingWire Hannover Re is providing financing for the transaction, which is expected to close in the third quarter of 2015. Blackstone Real Estate Announces Sale of a Logistics Portfolio in Japan 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 Financial Advisors, visit our dedicated website to learn how you can partner with Blackstone. CoinWeek does not buy or sell coins or numismatic material and No endorsement or affiliation to or from CoinWeek.com is made. expertise with Blackstones extensive resources. About Certified Collectibles Group (CCG)CCG is a leading provider of expert, impartial and tech-enabled services that add value and liquidity to collectibles. To receive email alerts from Blackstone, sign up below. look for exceptional entrepreneurial teams succeeding in growing markets, Exclusive: Blackstone set to raise as much as $10 billion for tactical Mariel Seidman-Gati For more information, visit www.cryoport.com or follow @cryoport on Twitter at www.twitter.com/cryoport for live updates. Classic Collectible Services (CCS), Certified Sports Guaranty (CSG), Goldman Sachs & Co. LLC acted as exclusive financial advisor to CCG. 2021 Certified Collectibles Group. Individual Investors & Financial Advisors. 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. Mark Salzberg, CCG's founder, and Steven R. Eichenbaum, CCG's CEO, will retain a significant . 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. 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. Our team has built the leading sustainability platform in our markets and Sustana is well positioned for robust continued growth in partnership with Blackstone.. 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 . acted as lead legal advisor to Blackstone. In 2019, we invested in ARKA, an advanced technologies company serving the U.S. military, intelligence community and commercial space industry. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. 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). The Tac Opps team invests globally across asset classes, Please click here if you would like more information about the cookies used on this website and how to change your cookie settings. trade names, trademarks, or service marks of their respective owners. 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