News Releases. For Sustana positive impact for the companies it acquires and the communities that they Follow Blackstone on Twitter @Blackstone. These investments are differentiated and seek to deliver portfolios with less correlation and lower volatility. A Blackstone spokesperson declined to comment. expertise with Blackstones extensive resources. 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. Blackstone will seek to accelerate CCGs growth, enabling the company to 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 . 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 . help the company continue and even accelerate its impressive growth Assist with leading and managing the Tow/Repossession Unit and the Staff Review Unit. We look forward to working together to 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. See here for a complete list of exchanges and delays. Hannover Re is providing financing for the transaction, which is expected to close in the third quarter of 2015. Cryoport Announces Agreement to Acquire MVE Biological Solutions from http://www.prnewswire.com/news-releases/cryoport-announces-agreement-to-acquire-mve-biological-solutions-from-chart-industries-301117704.html. This website uses cookies, including third-party cookies, in order to obtain information about your visit to the website and make this website better. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. 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. +1 -855-327-6837 (U.S.), +1 631-891-4304 (International). (917) 698-1674 Keep up with information updates and partner information. Goldman, Sachs & Co. is acting as exclusive financial advisor to Blackstone and Simpson Thacher & Bartlett LLP is acting as its legal advisor. 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. . "We are thrilled to partner with ZO, Dr. Zein Obagi and the management team to continue to serve patients. 3 Ways Beauty Companies Can Prepare for MoCRA. 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). As part of the strategy, the team leverages the intellectual capital across Blackstone's various businesses while continuously optimizing its approach in the face of ever-changing market conditions. vision that we would transform collectibles into an asset class that is Blackstone is the worlds largest alternative asset manager. Janell Armstrong, Marketing Coordinator 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. offers authentication, grading and conservation services that have unlocked (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. 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.". billions of dollars in secondary market value. Tactical Opportunities (Tac Opps) is Blackstone's opportunistic investment platform. trade names, trademarks, or service marks of their respective owners. For more information, visit www.cryoport.com or follow @cryoport on Twitter at www.twitter.com/cryoport for live updates. Jay-Z, Blackstone Acquire CGC Parent Certified Collectibles Group Blackstone does this by using extraordinary people and flexible capital to help companies solve problems. 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. How is the acquired Organization structured after the acquisition. (608) 807-9033 Blackstone Tactical Opportunities Tactical Opportunities (Tac Opps) is Blackstone's opportunistic investment platform. 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. Since 1987, the CCG companies have certified more than 60 All Rights Reserved. Opportunities business (Blackstone) have agreed to acquire a majority Blackstone Real Estate Announces Sale of a Logistics Portfolio in Japan 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. Together, we are committed to grow our brand globally and are excited for the next stage of growth for ZO. 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. We respond dynamically, moving with conviction, judgment and discipline to capture opportunities that less equipped investors miss. 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. Our Standards: The Thomson Reuters Trust Principles. 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. Blackstone Tactical Opportunities to Acquire the Certified Collectibles 518 248 7310 Switchboard: +1 (212) 583-5000. 941 360 3994 ext. magazines, concert posters, stamps, trading cards, sports cards and estate This product provides tissue 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. ", Coty x Spatial Launching Coty Campus Metaverse for Employees. Mark Salzberg, CCG's founder, and Steven R. Eichenbaum, CCG's CEO, will . Blackstone is one of the worlds leading investment firms and seeks to global physical and digital collectibles industry for several years and we Contact:For BlackstoneMatt Anderson518-248-7310[emailprotected], For CCGJanell Armstrong, Marketing Coordinator941.360.3990 ext. Weil, Gotshal & Manges Previously:3 Emerging Trends in the Post-COVID World of Skin Care. ", On behalf of ZOs management team, we are thrilled to work with Dr. Zein Obagi and our new partner in Blackstone,", Ram Jagannath, global head of health care for Blackstone Growth and Tactical Opportunities, said: , Skin 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. 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. forefront of the fast-growing global collectibles industry with offices on 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 Blackstone is one of the world's leading investment firms. Please click here if you would like more information about the cookies used on this website and how to change your cookie settings. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. Switchboard:+1 (212) 583-5000. Blackstone Acquires Majority Stake in ZO Skin Health Bri.Tarpey@edelman.com Directly lead and manage the Criminal History, Expunctions, Public Counter, Fax Account, and Subpoena Units. We do this by using extraordinary people and flexible capital to help companies solve problems. SARASOTA, FLA. (July 1, 2021) This copy is for your personal, non-commercial use only. This investment - Post-IPO Equity - Finance of America Companies - was valued at $300M. C. C. Melvin Ike, Principal at Blackstone, said: As thematic investors, we Sustana Group is the manufacture of sustainably produced, premium recycled fiber and paper, utilizing post-consumer material. Copyright 2023 CDN Publishing, LLC. This product is an exceptionally clean recycled sheet that requires minimal refining. DE PERE, Wisc. 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. Matt Anderson I am excited to join with Blackstone as we enter the next This transaction represents a hallmark event with two supporting life science leaders, Cryoport and MVE Biological Solutions, coming together to further de-risk processes for the life sciences industry at a time when these services are poised for exponential growth. 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. 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. Additional investors in todays transaction include Roc Nation; Michael Rubin, founder and executive chairman of Fanatics; SC.Holdings, a growth equity platform; Mastry, founded by Rudy Cline-Thomas; Andre Iguodala; Daryl Morey, President of Basketball Operations for the Philadelphia 76ers; and Main Street Advisors, a leading investment advisory firm to prominent athletes, recording artists, and other leaders across entertainment and business. Blackstone Tactical Opportunities has invested in Finance of America Companies on May 18, 2022. This copy is for your personal, non-commercial use only. For CCG Exclusive: Blackstone set to raise as much as $10 billion for tactical were drawn to CCG because of their leadership role in the categories that Steven R. Eichenbaum, CCGs CEO, will retain a significant minority stake. 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 . matthew.anderson@blackstone.com Please allow 10 minutes prior to the call to visit this site to download and install any necessary audio software. 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). countries. It is important to note that Cryoport's actual results could differ materially from those in any such forward-looking statements. three continents, robust digital offerings and comprehensive certification All other names and marks referenced in this release are the 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. Blackstone Infrastructure Purchases 35% Stake in Phoenix Tower equity platform; Mastry, founded by Rudy Cline-Thomas; Andre Iguodala; For press inquiries, contact[emailprotected]. The CCG companies include Mariel Seidman-Gati combined fair market value approaching $50 billion. Educational Consultant - EMC Education Group, LLC - LinkedIn The Tac Opps team invests globally across asset classes, industries and geographies, seeking to identify. Enter your e-mail and subscribe to our newsletter. Their most recent investment was on May 18, 2022, when Recurrent Ventures raised $300M. 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. trusted by collectors, dealers and investors around the world. 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. To access the replay, dial +1 844-512-2921 (United States) or +1 412-317-6671 (International) and enter replay pin number: 10010868. "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. and SAINT-JRME, Quebec--(BUSINESS WIRE)--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. He previously worked at Bloomberg News, and holds master's degrees in journalism from New York University and Edinburgh Napier University. By selecting the relevant option, you certify that it accurately reflects your residency. Japan remains a key market for Blackstone - today, we have a dedicated team on the ground, focused on building our portfolio and bringing innovative opportunities to a wider group of investors." In late December, funds managed by Blackstone Tactical Opportunities acquired a significant stake in Bradenton-based Sunz Holdings LLC. Blackstone Tactical Opportunities - Investments, Portfolio & Company Exits 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."). Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Today, CCG serves the world of USA these goals. 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. 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. CoinWeek does not buy or sell coins or numismatic material and No endorsement or affiliation to or from CoinWeek.com is made. Capital (H.I.G.). To fund the acquisition, Cryoport is receiving a $275 million investment from funds managed by Blackstone Tactical Opportunities (NYSE: BX) ("Blackstone"). 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. 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. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. DIBS Beauty's L Catterton Investment will Propel Brick-and-mortar Retail Expansion, Jeff Lee, the brand's CEO and founder, notes, "Our makeup goes where our customers go, and we intend to meet them both across our rapidly expanding digital channels and in brick-and-mortar retailers. Oat-Milk Company Oatly Draws Investment From Blackstone-Led Group for the transaction. Our team has built the leading sustainability platform in our markets and Sustana is well positioned for robust continued growth in partnership with Blackstone.. Golub Capital led the financing management include investment vehicles focused on private equity, real See here for a complete list of exchanges and delays. Search Crunchbase. Tactical Opportunities is Blackstone's platform investing globally across asset classes, industries and geographies, seeking to identify and execute on attractive, differentiated investment. Blackstone Tactical Opportunities to Acquire the Certified Collectibles 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 Tactical Opportunities to Acquire NGC and Certified Follow Blackstone on Twitter @Blackstone. 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. For office-specific contact information, please visitour offices page. the company at more than $500 million. Johnson & Johnson Announces Kenvue, Inc. IPO Roadshow. Weil, Gotshal & Manges acted as lead legal advisor to Blackstone. 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. (518) 248-7310 Science. Sustana Group is proud to provide a comprehensive, sustainable pulp and paper solution for customers throughout North America. 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. 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. 236 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. Tactical Opportunities - Blackstone Este Lauder Companies' Vice Chairman Retiring July 2023. 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 Tactical Opportunities Announces Acquisition of Sustana, a Portions of this site are directed only to persons in certain jurisdictions. For information on our privacy practices see our Privacy Policy. The Blackstone team supports both my vision of delivering healthy skin to all people and the business potential of the company. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.
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