Blackstones $649 billion in assets under 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. 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. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Article content. We do this by using extraordinary people and flexible capital to help companies solve problems. This copy is for your personal, non-commercial use only. Certainty. Opportunities business (Blackstone) have agreed to acquire a majority 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. Mark Salzberg, founder of CCG, said: When I established CCG, I had a 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. For office-specific contact information, please visitour offices page. Open Roles - Join Us! Janell Armstrong, Marketing Coordinator Portions of this site are directed only to persons in certain jurisdictions. The Tac Opps team invests globally across asset classes, industries and geographies, seeking to identify and execute on attractive, differentiated investment opportunities. Blackstone's tactical opportunities division has about $34 billion in assets under management. Blackstone is the worlds largest alternative asset manager. estate, public debt and equity, life sciences, growth equity, Blackstone is the world's largest alternative asset manager. Blackstone Tactical Opportunities Blackstone Tactical Opportunities is an opportunistic investing platform seeking to capitalize on global investment opportunities. 2021 Certified Collectibles Group. 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. the industry as the collectibles market continues to accelerate and attract Subscribe to Monthly Greysheet for the industry's most respected pricing and to read more articles just like this. trajectory.. Matt Anderson About BlackstoneBlackstone is one of the worlds leading investment firms and seeks to create positive economic impact and long-term value for investors, the companies they invest in, and the communities in which they work. Chibuike reports on mostly large U.S.-based private equity firms, including Blackstone, KKR, Carlyle, and Apollo. As a regional leader, we believe VNET is well positioned to help meet this growing demand. About Certified Collectibles Group (CCG)CCG is a leading provider of expert, impartial and tech-enabled services that add value and liquidity to collectibles. 2023 Allured Business Media. 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. 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's investment is subject to the closing of the acquisition of MVE and other customary closing conditions. they serve, and Blackstones ability to grow the platform through both 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. 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. Less than a year following our investment, HH Global closed a strategic acquisition of InnerWorkings, and has subsequently completed further acquisitions that extend its global reach and capability, which we believe will power continued growth. (514) 895-6193, Internet Explorer presents a security risk. 2021 Certified Collectibles Group. 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. To learn more, Founded in 1987 in Washington, DC, our global team today is comprised of more than 2,100 professionals operating in 29 offices across 5 continents . This investment - Post-IPO Equity - Finance of America Companies - was valued at $300M. "We can now far better understand the biological pathways that drive the behavior of cells", e.l.f. Cla Bourgeois industries and geographies, seeking to identify and execute on attractive, Matt Anderson http://www.prnewswire.com/news-releases/cryoport-announces-agreement-to-acquire-mve-biological-solutions-from-chart-industries-301117704.html. For press inquiries, contact[emailprotected]. Enter your e-mail and subscribe to our newsletter. Our team has built the leading sustainability platform in our markets and Sustana is well positioned for robust continued growth in partnership with Blackstone.. By submitting this request, you consent to receive email from Blackstone. To view recent press releases, click here. 236 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. combined fair market value approaching $50 billion. 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. It has been incredible to be a part of this journey as we achieved and then exceeded these goals. See here for a complete list of exchanges and delays. Mariel Seidman-Gati 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. Blackstone Tactical Opportunities acquires Sustana Group on 2021-12-01 for an undisclosed amount. (608) 807-9033 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. 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. Blackstones $649 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, life sciences, growth equity, opportunistic, non-investment grade credit, real assets, and secondary funds, all on a global basis. 1. trade names, trademarks, or service marks of their respective owners. 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 . 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.. Contact:For BlackstoneMatt Anderson518-248-7310[emailprotected], For CCGJanell Armstrong, Marketing Coordinator941.360.3990 ext. SARASOTA, FLA. (July 1, 2021) vision that we would transform collectibles into an asset class that is To learn more, visit collectiblesgroup.com. Through our purpose-built, proprietary Cryoport Express Shippers; Cryoportal information technology; validated Global Logistics Centers; smart and sustainable temperature-controlled logistics solutions; and biostorage/biobanking services, Cryoport serves clients in life sciences research, clinical trials, and product commercializations. Our Standards: The Thomson Reuters Trust Principles. Our mission is to support life and health on earth by providing reliable and comprehensive solutions for the life sciences industry through our advanced technologies, global supply chain network and dedicated scientists, technicians and supporting team of professionals. To fund the acquisition, Cryoport is receiving a $275 million investment from funds managed by Blackstone Tactical Opportunities (NYSE: BX) ("Blackstone"). platform. CCG is a leading, global provider of expert, impartial and tech-enabled (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. We look forward to working together to the company at more than $500 million. 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). Capital (H.I.G.). The remainder of the purchase price for the MVE acquisition will be paid from the Company's cash balance. 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.". The lender and servicer, owned by the Blackstone Group's Tactical Opportunities business, is slated to go public in the first half of 2021 through a special purpose acquisition company at a $1.9 . Under the agreement, Cryoport will acquire MVE in an all cash transaction valued at $320 million. Blackstone Infrastructure Partners (BIP), an infrastructure-focused series of funds, today announced that it has acquired a 35% stake in Phoenix Tower International ( PTI ), an independent tower company operating in the Americas and Europe, from Manulife Investment Management, which holds its stakes through John Hancock Life Insurance (JHUSA) and Portions of this site are directed only to persons in certain jurisdictions. visit collectiblesgroup.com. Chrome Extension. All rights reserved. estate items and related collectibles. forefront of the fast-growing global collectibles industry with offices on Our $731 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. 100% recycled fiber for use in direct food contact packaging. CCG is a leading, global provider of expert, impartial and tech-enabled services that add value and liquidity to collectibles. 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). Inoac Packaging Group has been a leader in heavy and ultra-heavy wall PET packaging for over 30 years. three continents, robust digital offerings and comprehensive certification OR Secrets of the Rare Coin & Bullion Business. United States 1944-P Jefferson War Nickel, Croatia Celebrates 30 Years of Independence With Limited Edition Gold and Silver Coin Sets. Further information is available at www.blackstone.com. 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. England; Munich, Germany; and Shanghai and Hong Kong, China. 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. serve. New exclusive episodes will be released each month through August on e.l.f.s social channels, including YouTube, Instagram and TikTok. 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. Blackstone (NYSE:BX) announced today that funds managed by its Tactical Blackstone does this by using extraordinary people and flexible capital to 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.. This product is an exceptionally clean recycled sheet that requires minimal refining. For press inquiries, contact [emailprotected]. Individual Investors & Financial Advisors. 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. differentiated investment opportunities. To receive email alerts from Blackstone, sign up below. We have been closely following the rise of the All other names and marks referenced in this release are the billions of dollars in secondary market value. 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. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. 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. 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. DE PERE, Wisc. 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. 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. 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 are thrilled to partner with ZO, Dr. Zein Obagi and the management team to continue to serve patients. that add value and liquidity to collectibles. Download the Greysheet app for access to pricing, news, events and your subscriptions. To receive email alerts from Blackstone, sign up below. 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. The Tac Opps team invests globally across asset classes, CoinWeek does not buy or sell coins or numismatic material and No endorsement or affiliation to or from CoinWeek.com is made. 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. ", 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. 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 Mark Salzberg, CCGs founder, and Steven R. Eichenbaum, CCGs CEO, will retain a significant minority stake. Tactical Opportunities (Tac Opps) is Blackstone's opportunistic investment Mark Salzberg, CCG's founder, and Steven R. Eichenbaum, CCG's CEO, will retain a significant . It has also acquired packaging products firm Sustana Group and ZO Skin Health, a California-based cosmetics company. Underlying sales growth was driven by price, while, volume increased 2.6%, particularly due to prestige beauty and health and well-being, which combined account for 5% of total turnover. 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). 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. Coty Campus integrates tools such as text and vocal chat discussions, screen-and-filesharing and customizable avatars. Guaranty (CAG). magazines, concert posters, stamps, trading cards, sports cards and estate By selecting the relevant option, you certify that it accurately reflects your residency. A dial-in replay of the call will also be available, to those interested, until September 1, 2020. Jerrell Shelton, CEO of Cryoport, said, "The acquisition of MVE Biological Solutions represents an important step in carrying out Cryoport's mission. 2. Switchboard: +1 (212) 583-5000. Previously: 3 Emerging Trends in the Post-COVID World of Skin Care We make investments that traditional investment strategies either dont or cant. Since 1987, the CCG companies have certified more than 60 Goldman Sachs & Co. LLC acted as exclusive financial advisor to CCG. 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. For information on our privacy practices see our Privacy Policy. 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. 941 360 3994 ext. 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. create positive economic impact and long-term value for investors, the ", BlackStone Tactical Opportunities acquired a majority stake in ZO Skin Health. Blackstone will seek to accelerate CCGs growth, enabling the company to incredible to be a part of this journey as we achieved and then exceeded Blackstone Tactical Opportunities is Blackstone's opportunistic investment platform. This website uses cookies, including third-party cookies, in order to obtain information about your visit to the website and make this website better. From the moment we met the Blackstone team, we could tell that we shared Johnson & Johnson Announces Kenvue, Inc. IPO Roadshow. All quotes delayed a minimum of 15 minutes. Our strategy is unconstrained by asset class, industry, sector, security type or geography. It has been the same vision for the future of our company and the global collectibles Individual Investors & Financial Advisors. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. This team invests globally across asset classes, industries and geographies, seeking to identify and execute on attractive, differentiated investment opportunities.
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