offers authentication, grading and conservation services that have unlocked 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. 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. 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. ", 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. Blackstone Tactical Opportunities Acquires Sustana Group - PaperAge trajectory.. The CCG companies include 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.. Open Roles - Join Us! Switchboard:+1 (212) 583-5000. 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 look forward to working together to help the company continue and even accelerate its impressive growth trajectory.. equity platform; Mastry, founded by Rudy Cline-Thomas; Andre Iguodala; 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. 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. Previously: 3 Emerging Trends in the Post-COVID World of Skin Care Your identity will be restricted to first name/last initial, or a user ID you create. To receive email alerts from Blackstone, sign up below. Unilever Prestige Beauty Sales Drive Q1 2023 Results. Matthew.Anderson@Blackstone.com For Sustana 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. Weil, Gotshal & Manges 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. Tactical Opportunities (Tac Opps) is Blackstone's opportunistic investment estate items and related collectibles. Blackstone Tactical Opportunities Announces Acquisition of Sustana, a 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. 2021 Certified Collectibles Group. Follow Blackstone on Twitter @Blackstone. 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. Our Firm. 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. Goldman Sachs & Co. LLC acted as exclusive financial advisor to CCG. 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. 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. United States 1944-P Jefferson War Nickel, Croatia Celebrates 30 Years of Independence With Limited Edition Gold and Silver Coin Sets. 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. Mark Salzberg, CCG's founder, and Steven R. Eichenbaum, CCG's CEO, will retain a significant . Our Firm | Carlyle 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 is the worlds largest alternative asset manager. 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. positive impact for the companies it acquires and the communities that they Deca Dental Group Announces Strategic Investment From Blackstone ZO Skin Health has announced that BlackStone Tactical Opportunities acquired a majority stake in the business; terms of the transaction were not disclosed. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. For CCG 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. manufacturers an exceptionally clean and performant. By selecting the relevant option, you certify that it accurately reflects your residency. 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. Assist with leading and managing the Tow/Repossession Unit and the Staff Review Unit. We were one of the earlier investors and have since built world-class platforms, driven by our confidence in the sector's continued growth. In late December, funds managed by Blackstone Tactical Opportunities acquired a significant stake in Bradenton-based Sunz Holdings LLC. Blackstone is one of the world's leading investment firms. Ki has a strong, innovative management team which established the business in partnership with Brit, a leading Lloyds underwriter with a long track record of success. . Their most recent investment was on May 18, 2022, when Recurrent Ventures raised $300M. Blackstones $649 billion in assets under This website uses cookies, including third-party cookies, in order to obtain information about your visit to the website and make this website better. industry.. To order presentation-ready copies for distribution to your colleagues, clients or customers visit https://www.djreprints.com. 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 . All quotes delayed a minimum of 15 minutes. 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. 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). Goldman Sachs & Co. LLC acted as exclusive financial advisor to CCG. Blackstone (NYSE:BX) announced today that funds managed by its Tactical 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. 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. Tactical Opportunities (Tac Opps) is Blackstone's opportunistic investment platform. companies they invest in, and the communities in which they work. Blackstone is one of the worlds leading investment firms and seeks to Golub Capital led the financing Cosmetics Debuts Digital Series 'Vanity Table Talk'. 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). 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. To receive email alerts from Blackstone, sign up below. Job vacancies at King | King Careers A dial-in replay of the call will also be available, to those interested, until September 1, 2020. Blackstone Infrastructure Purchases 35% Stake in Phoenix Tower Sustana Group is the manufacture of sustainably produced, premium recycled fiber and paper, utilizing post-consumer material. Switchboard: +1 (212) 583-5000. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. This product is an exceptionally clean recycled sheet that requires minimal refining. The Tac Opps team invests globally across asset classes, Financial Advisors, visit our dedicated website to learn how you can partner with Blackstone. Terms of the deal were not disclosed. 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. (NCS), Paper Money Guaranty (PMG), Certified Guaranty Company (CGC), 236 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. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. opportunistic, non-investment grade credit, real assets, and secondary To fund the acquisition, Cryoport is receiving a $275 million investment from funds managed by Blackstone Tactical Opportunities (NYSE: BX) ("Blackstone"). The Blackstone team supports both my vision of delivering healthy skin to all people and the business potential of the company. Blackstone does this by using extraordinary people and flexible capital to help companies solve problems. Duane Morris acted as legal advisor to CCG. Blackstone Tactical Opportunities to Acquire the Certified - USCoinNews Capital (H.I.G.). Headquartered in De Pere, Wisconsin, Sustana Group, which comprises Sustana Fiber and Rolland, uses post-consumer . create positive economic impact and long-term value for investors, the 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. Over the last 35 years, To learn more, visit collectiblesgroup.com. 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.. 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. jarmstrong@collectiblesgroup.com. About Certified Collectibles Group (CCG). Blackstone's tactical opportunities division has about $34 billion in assets under management. 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. 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. To view recent press releases, click here. Duane Morris acted as legal advisor to CCG. look for exceptional entrepreneurial teams succeeding in growing markets, About Blackstone and Blackstone Tactical Opportunities. This team invests globally across asset classes, industries and geographies, seeking to identify and execute on attractive, differentiated investment opportunities. This team invests globally across asset classes, industries and geographies, seeking to identify and execute on attractive, differentiated investment opportunities. Factors that could cause actual results to differ materially include, but are not limited to, (1) the conditions to the closing of the MVE acquisition or the Blackstone investment may not be satisfied; (2) the MVE acquisition or the Blackstone investment may involve unexpected costs, liabilities or delays; (3) the business of the Company may suffer as a result of uncertainty surrounding the MVE acquisition or the Blackstone investment; (4) the occurrence of any event, change or other circumstances that could give rise to the termination of the MVE purchase agreement or the Blackstone investment agreement; (5) risks and uncertainties associated with the effect of changing economic conditions, (6) trends in the products markets, (7) variations in Cryoport's cash flow, (8) market acceptance risks, (9) technical development risks and (10) other risks to the consummation of the MVE acquisition or the Blackstone investment, including the risk that the MVE acquisition or the Blackstone investment will not be consummated within the expected time period or at all. We do this by using extraordinary people and flexible capital to help companies solve problems. Educational Consultant - EMC Education Group, LLC - LinkedIn Today, CCG serves the world of 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. *. We have been closely following the rise of the global physical and digital collectibles industry for several years and we were drawn to CCG because of their leadership role in the categories that they serve, and Blackstones ability to grow the platform through both organic and inorganic initiatives. Previously:3 Emerging Trends in the Post-COVID World of Skin Care. It is important to note that Cryoport's actual results could differ materially from those in any such forward-looking statements. The companys cutting-edge platform, which enables greater connectivity, accountability and insights from across the organization up to the C-suite and board, is trusted by businesses worldwide including many of Blackstones own portfolio companies. Further information is available at www.blackstone.com. We respond dynamically, moving with conviction, judgment and discipline to capture opportunities that less equipped investors miss. Blackstone Tactical Opportunities has made 14 investments. Prominent fund invests in area insurance firm | Business Observer Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Mark Salzberg, founder of CCG, said: When I established CCG, I had a Blackstone Real Estate Announces Sale of a Logistics Portfolio in Japan (917) 698-1674 estate, public debt and equity, life sciences, growth equity, Portions of this site are directed only to persons in certain jurisdictions. Blackstone Tactical Opportunities is an opportunistic investing platform seeking to capitalize on global investment opportunities. C. C. Melvin Ike, Principal at Blackstone, said: As thematic investors, we For office-specific contact information, please visit our our offices page. Coty Campus integrates tools such as text and vocal chat discussions, screen-and-filesharing and customizable avatars. Weil, Gotshal & Manges acted as lead legal advisor to Blackstone. As a regional leader, we believe VNET is well positioned to help meet this growing demand. He previously worked at Bloomberg News, and holds master's degrees in journalism from New York University and Edinburgh Napier University. Tactical Opportunities - Blackstone Tactical Opportunities We provide opportunistic capital, timely investing decisions and differentiated solutions. Note: All figures as of March 31, 2023, unless otherwise indicated. platform. The premium California-based skin care brand is sold globally through physicians and skin care professionals. Mark Salzberg, CCG's founder, and Steven R. Eichenbaum, CCG's CEO, will . trade names, trademarks, or service marks of their respective owners. Johnson & Johnson Announces Kenvue, Inc. IPO Roadshow. Daryl Morey, President of Basketball Operations for the Philadelphia 76ers; 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. 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. Switchboard: +1 (212) 583-5000. It has been incredible to be a part of this journey as we achieved and then exceeded these goals. (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. By submitting this request, you consent to receive email from Blackstone. "We can now far better understand the biological pathways that drive the behavior of cells", e.l.f. 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. (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. 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. 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. 941 360 3994 ext. To access the replay, dial +1 844-512-2921 (United States) or +1 412-317-6671 (International) and enter replay pin number: 10010868. management include investment vehicles focused on private equity, real Global nuclear arsenals are expected to grow as states continue - SIPRI For office-specific contact information, please visit our our offices page. 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. Enter your e-mail and subscribe to our newsletter. CCGs leadership team will remain in place, combining their experience and expertise with Blackstones extensive resources. Blackstone Announces Investment in Hotwire Communications in By selecting the relevant option, you certify that it accurately reflects your residency. Matt Anderson See here for a complete list of exchanges and delays. Solutions. Oat-Milk Company Oatly Draws Investment From Blackstone-Led Group 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. Chrome Extension. 1. Rubin, founder and executive chairman of Fanatics; SC.Holdings, a growth 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. expertise with Blackstones extensive resources. "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. invest significantly in its current and planned services, adding and Otherwise, we will assume you're OK to continue. Additional investors in todays transaction include Roc Nation; Michael 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. Subscribe to Monthly Greysheet for the industry's most respected pricing and to read more articles just like this. By submitting this request, you consent to receive email from Blackstone. Blackstone Tactical Opportunities Blackstone Tactical Opportunities is an opportunistic investing platform seeking to capitalize on global investment opportunities.

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