In 2020, Tac Opps invested in Ki, the first fully digital and algorithmically driven insurance underwriter in the Lloyds of London market. ", BlackStone Tactical Opportunities acquired a majority stake in ZO Skin Health. This website uses cookies, including third-party cookies, in order to obtain information about your visit to the website and make this website better. To receive email alerts from Blackstone, sign up below. For press inquiries, contact [emailprotected]. Sign up to receive financial updates and information. For information on our privacy practices see our Privacy Policy. Coty Campus integrates tools such as text and vocal chat discussions, screen-and-filesharing and customizable avatars. Please click here if you would like more information about the cookies used on this website and how to change your cookie settings. Tactical Opportunities - Blackstone Tactical Opportunities We provide opportunistic capital, timely investing decisions and differentiated solutions. 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. Mark Salzberg, CCGs founder, and Steven R. Eichenbaum, CCGs CEO, will retain a significant minority stake. 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. 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. Today, CCG serves the world of Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Duane Morris acted as legal advisor to CCG. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. All quotes delayed a minimum of 15 minutes. For press inquiries, contact[emailprotected]. Classic Collectible Services (CCS), Certified Sports Guaranty (CSG), Authenticated Stamp Guaranty (ASG) and Collectibles Authentication 2021 Certified Collectibles Group. 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. 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. 941 360 3994 ext. Start Free Trial . This team invests globally across asset classes, industries and geographies, seeking to identify and execute on attractive, differentiated investment opportunities. industries and geographies, seeking to identify and execute on attractive, Switchboard: +1 (212) 583-5000. 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. Mark Salzberg, CCG's founder, and Steven R. Eichenbaum, CCG's CEO, will retain a significant . Together, Cryoport and MVE Biological Solutions offer a unique combination of industry knowledge, client coverage, engineering and innovation. We completed a follow-on investment in 2020, furthering our mission to deliver next-generation solutions to support the national security space domain. 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. CCGs leadership team will remain in place, combining their experience and expertise with Blackstones extensive resources. The Blackstone team supports both my vision of delivering healthy skin to all people and the business potential of the company. Golub Capital led the financing for the transaction. 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. To access the replay, dial +1 844-512-2921 (United States) or +1 412-317-6671 (International) and enter replay pin number: 10010868. 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. Together, we are committed to grow our brand globally and are excited for the next stage of growth for ZO. 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. "We will now have greater resources and tools to help us on our path in becoming the leading global physician-dispensed brand. 3 Ways Beauty Companies Can Prepare for MoCRA. "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. 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. Steven R. Eichenbaum, CCGs CEO, will retain a significant minority stake. jarmstrong@collectiblesgroup.com. Note: All figures as of March 31, 2023, unless otherwise indicated. The Tac Opps team invests globally across asset classes,. CCG is a leading, global provider of expert, impartial and tech-enabled services that add value and liquidity to collectibles. Blackstone Tactical Opportunities is an opportunistic investing platform seeking to capitalize on global investment opportunities. 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. 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.. 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. Otherwise, we will assume you're OK to continue. matthew.anderson@blackstone.com To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Blackstone does this by using extraordinary people and flexible capital to help companies solve problems. To fund the acquisition, Cryoport is receiving a $275 million investment from funds managed by Blackstone Tactical Opportunities (NYSE: BX) ("Blackstone"). Download the Greysheet app for access to pricing, news, events and your subscriptions. (514) 895-6193, Internet Explorer presents a security risk. were drawn to CCG because of their leadership role in the categories that "We can now far better understand the biological pathways that drive the behavior of cells", e.l.f. Opportunities business (Blackstone) have agreed to acquire a majority We do this by using extraordinary people and flexible capital to help companies solve problems. Certainty. 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. differentiated investment opportunities. 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). All rights reserved. Are You Putting A Great Oil Product In A Leaking Bottle? Founded in 1987, CCG offers authentication, grading and conservation services that have unlocked billions of dollars in secondary market value. 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. 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. acquiring new technologies and developing its digital presence. 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. (608) 807-9033 Showing 1 to 20 of 65 vacancies. 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. As a regional leader, we believe VNET is well positioned to help meet this growing demand. countries. See here for a complete list of exchanges and delays. Financial Advisors, visit our dedicated website to learn how you can partner with Blackstone. 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. Johnson & Johnson Announces Kenvue, Inc. IPO Roadshow. 1. 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. Follow Blackstone on Twitter @Blackstone. Portions of this site are directed only to persons in certain jurisdictions. the same vision for the future of our company and the global collectibles In 2020, Tac Opps made an investment in Diligent, a leading governance, risk and compliance (GRC) SaaS provider. assets under management and a strong track record of creating value and a Science. 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. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Our Firm. that add value and liquidity to collectibles. For Sustana Capital ("H.I.G."). 2023 CoinWeek DISCLAIMER: All content within CoinWeek.com is presented for informational purposes only, with no guarantee of accuracy. Under the agreement, Cryoport will acquire MVE in an all cash transaction valued at $320 million. By submitting this request, you consent to receive email from Blackstone. Matt Anderson Blackstone Tactical Opportunities has made 14 investments. Our strategy is unconstrained by asset class, industry, sector, security type or geography. 236[emailprotected]. Switchboard:+1 (212) 583-5000. Sustana Group is the manufacture of sustainably produced, premium recycled fiber and paper, utilizing post-consumer material. 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. Jerrell Shelton, CEO of Cryoport, said, "The acquisition of MVE Biological Solutions represents an important step in carrying out Cryoport's mission. invest significantly in its current and planned services, adding and This product is an exceptionally clean recycled sheet that requires minimal refining. United States 1944-P Jefferson War Nickel, Croatia Celebrates 30 Years of Independence With Limited Edition Gold and Silver Coin Sets. 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. 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. Headquartered in De Pere, Wisconsin, Sustana Group, which comprises Sustana Fiber and Rolland, uses post-consumer . platform. help the company continue and even accelerate its impressive growth Our Standards: The Thomson Reuters Trust Principles. Blackstone Tactical Opportunities Tactical Opportunities (Tac Opps) is Blackstone's opportunistic investment platform. Further information is available at www.blackstone.com. A Blackstone spokesperson declined to comment. Blackstone Tactical Opportunities Announces Acquisition of Sustana, a Leading Manufacturer of Sustainable Recycled Fiber, Paper and Packaging | Business Wire Blackstone Tactical Opportunities. athletes, recording artists, and other leaders across entertainment and Janell Armstrong, Marketing Coordinator How is the acquired Organization structured after the acquisition. Guaranty (CAG). positive impact for the companies it acquires and the communities that they We look forward to working together to help the company continue and even accelerate its impressive growth trajectory.. DE PERE, Wisc. 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. Assist with leading and managing the Tow/Repossession Unit and the Staff Review Unit. Directly lead and manage the Criminal History, Expunctions, Public Counter, Fax Account, and Subpoena Units. Blackstone Tactical Opportunities is Blackstone's opportunistic investment platform. 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. Capital (H.I.G.). News Releases. 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. CCG has certified more than 62 million of these collectibles, with a combined fair market value approaching $50 billion. 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. 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. Further information is available at www.blackstone.com. Together, we are committed to grow our brand globally and are excited for the next stage of growth for ZO. To access the replay of the webcast, please follow this link.