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. Capital (H.I.G.). 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. 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 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. Chibuike reports on mostly large U.S.-based private equity firms, including Blackstone, KKR, Carlyle, and Apollo. To learn more, ", Coty x Spatial Launching Coty Campus Metaverse for Employees. 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. It further entrenches us in the cell and gene therapy supply chain ecosystem at a time when cell and gene therapies are experiencing rapid and sustained growth, and with an even more exciting growth story ahead. 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. Financial Advisors, visit our dedicated website to learn how you can partner with Blackstone. 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. News Releases. America, and/or its related companies in the United States and/or other acquiring new technologies and developing its digital presence. Sustana Group is the manufacture of sustainably produced, premium recycled fiber and paper, utilizing post-consumer material. 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. athletes, recording artists, and other leaders across entertainment and vision that we would transform collectibles into an asset class that is Further information is available at www.blackstone.com. Mark Salzberg, founder of CCG, said: When I established CCG, I had a Capital (H.I.G.). Showing 1 to 20 of 65 vacancies. 2023 Allured Business Media. 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. Together, Cryoport and MVE Biological Solutions offer a unique combination of industry knowledge, client coverage, engineering and innovation. Clea.Bourgeois@edelman.com For CCG 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. Enter your e-mail and subscribe to our newsletter. look for exceptional entrepreneurial teams succeeding in growing markets, For press inquiries, contact [emailprotected]. 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. Contact:For BlackstoneMatt Anderson518-248-7310[emailprotected], For CCGJanell Armstrong, Marketing Coordinator941.360.3990 ext. Mark Salzberg, CCG's founder, and Steven R. Eichenbaum, CCG's CEO, will retain a significant . 2021 Certified Collectibles Group. Switchboard:+1 (212) 583-5000. 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. 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 Sunz Holdings is the parent company of Sunz Insurance, a fast-growing national workers . 518 248 7310 Blackstone Tactical Opportunities to Acquire the Certified Collectibles 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. How is the acquired Organization structured after the acquisition. assets under management and a strong track record of creating value and a Blackstone Tactical Opportunities has invested in Finance of America Companies on May 18, 2022. 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. Our Standards: The Thomson Reuters Trust Principles. 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. 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. Jerrell Shelton, CEO of Cryoport, said, "The acquisition of MVE Biological Solutions represents an important step in carrying out Cryoport's mission. Otherwise, we will assume you're OK to continue. Blackstone Tactical Opportunities is an opportunistic investing platform seeking to capitalize on global investment opportunities. platform. the industry as the collectibles market continues to accelerate and attract We were one of the earlier investors and have since built world-class platforms, driven by our confidence in the sector's continued growth. Otherwise, we will assume you're OK to continue. Mark Salzberg, CCG's founder, and Steven R. Eichenbaum, CCG's CEO, will . We completed a follow-on investment in 2020, furthering our mission to deliver next-generation solutions to support the national security space domain. 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 Announces Acquisition of Sustana, a Matthew.Anderson@Blackstone.com Goldman Sachs & Co. LLC acted as exclusive financial advisor to CCG. (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. It is important to note that Cryoport's actual results could differ materially from those in any such forward-looking statements. Report: Boost Lab x tbh Skincare Merge to Form York Street Brands. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. For press inquiries, contact[emailprotected]. Mariel Seidman-Gati Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. The CCG companies include Numismatic Guaranty Corporation (NGC), Numismatic Conservation Services (NCS), Paper Money Guaranty (PMG), Certified Guaranty Company (CGC), Classic Collectible Services (CCS), Certified Sports Guaranty (CSG), Authenticated Stamp Guaranty (ASG) and Collectibles Authentication Guaranty (CAG). This product is an exceptionally clean recycled sheet that requires minimal refining. Our team has built a leading sustainability platform in our markets and Sustana is well positioned for robust continued growth in partnership with Blackstone.. 'Investor Relations' section at www.cryoport.com or at this link. CCG has certified more than 62 million of these collectibles, with a combined fair market value approaching $50 billion. For office-specific contact information, please visitour offices page. stake in the Certified Collectibles Group (CCG) in a transaction valuing Prominent fund invests in area insurance firm | Business Observer The CCG companies include For press inquiries, contact [emailprotected]. Sustana Group is proud to provide a comprehensive, sustainable pulp and paper solution for customers throughout North America. trade names, trademarks, or service marks of their respective owners. billions of dollars in secondary market value. Blackstone does this by using extraordinary people and flexible capital to 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). combined fair market value approaching $50 billion. See here for a complete list of exchanges and delays. By selecting the relevant option, you certify that it accurately reflects your residency. trajectory.. 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. Blackstones $649 billion in assets under The Tac Opps team invests globally across asset classes, industries and geographies, seeking to identify and execute on attractive, differentiated investment opportunities. matthew.anderson@blackstone.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. 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. To receive email alerts from Blackstone, sign up below. For Sustana To access the replay of the webcast, please follow this link. 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. In 2019, we invested in ARKA, an advanced technologies company serving the U.S. military, intelligence community and commercial space industry. The Tac Opps team invests globally across asset classes, Further information is available at www.blackstone.com. Educational Consultant - EMC Education Group, LLC - LinkedIn United States 1944-P Jefferson War Nickel, Croatia Celebrates 30 Years of Independence With Limited Edition Gold and Silver Coin Sets. 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 selecting the relevant option, you certify that it accurately reflects your residency. Blackstone Tactical Opportunities Acquires Sustana Group - PaperAge ", 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. For press inquiries, contact[emailprotected]. 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 . Tactical Opportunities (Tac Opps) is Blackstone's opportunistic investment Numismatic Guaranty Corporation (NGC), Numismatic Conservation Services For information on our privacy practices see our Privacy Policy. Article content. All quotes delayed a minimum of 15 minutes. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Blackstone Real Estate Announces Sale of a Logistics Portfolio in Japan +1 -855-327-6837 (U.S.), +1 631-891-4304 (International). Blackstone Infrastructure Purchases 35% Stake in Phoenix Tower Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. help companies solve problems. We look forward to working together to help the company continue and even accelerate its impressive growth trajectory.. We make investments that traditional investment strategies either dont or cant. 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. For more information, visit www.cryoport.com or follow @cryoport on Twitter at www.twitter.com/cryoport for live updates. Switchboard: +1 (212) 583-5000. Please click here if you would like more information about the cookies used on this website and how to change your cookie settings. Deca Dental Group Announces Strategic Investment From Blackstone C. C. Melvin Ike, Principal at Blackstone, said: As thematic investors, we look for exceptional entrepreneurial teams succeeding in growing markets, and CCG is a great example. Certainty. We provide opportunistic capital, timely investing decisions and differentiated solutions. 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 . (608) 807-9033 This product provides tissue create positive economic impact and long-term value for investors, the Our Firm | Carlyle Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. the same vision for the future of our company and the global collectibles To access the replay, dial +1 844-512-2921 (United States) or +1 412-317-6671 (International) and enter replay pin number: 10010868. 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. 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. 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. 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. (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. https://www.wsj.com/articles/DJFLBO0120141029eaatinmtl. Download the Greysheet app for access to pricing, news, events and your subscriptions. 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. trusted by collectors, dealers and investors around the world. 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. 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. Start Free Trial . Copyright 2023 CDN Publishing, LLC. 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. 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. that add value and liquidity to collectibles. 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.". for the transaction. Blackstone Tactical Opportunities has made 14 investments. It has been Ross B. Shuster to Join as CEO of Standalone Climate Technologies Golub Capital led the financing Blackstone Tactical Opportunities to Acquire NGC and Certified 2. 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. Blackstone Tactical Opportunities Announces Acquisition of Sustana, a 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. In late December, funds managed by Blackstone Tactical Opportunities acquired a significant stake in Bradenton-based Sunz Holdings LLC. 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. NGC, NCS, PMG, CGC, CCS, CSG, ASG, CAG and CCG are the registered "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. 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. To view recent press releases, click here. To fund the acquisition, Cryoport is receiving a $275 million investment from funds managed by Blackstone Tactical Opportunities (NYSE: BX) ("Blackstone"). 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. 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. Headquartered in De Pere, Wisconsin, Sustana Group, which comprises Sustana Fiber and Rolland, uses post-consumer . three continents, robust digital offerings and comprehensive certification Johnson & Johnson Announces Kenvue, Inc. IPO Roadshow. Please click here if you would like more information about the cookies used on this website and how to change your cookie settings. 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.
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