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blackstone tactical opportunities acquires

    blackstone tactical opportunities acquires

    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.". 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. 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). 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. forefront of the fast-growing global collectibles industry with offices on ", 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. Guaranty (CAG). To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Weil, Gotshal & Manges acted as lead legal advisor to Blackstone. 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. America, and/or its related companies in the United States and/or other To ensure the most secure and best overall experience on our website, we recommend the latest versions of. CCG has certified more than 62 million of these collectibles, with a combined fair market value approaching $50 billion. 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 are thrilled to partner with ZO, Dr. Zein Obagi and the management team to continue to serve patients. Founded in 1987, CCG offers authentication, grading and conservation services that have unlocked billions of dollars in secondary market value. mariel.seidmangati@blackstone.com To fund the acquisition, Cryoport is receiving a $275 million investment from funds managed by Blackstone Tactical Opportunities (NYSE: BX) ("Blackstone"). Blackstone is the worlds largest alternative asset manager. 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. By selecting the relevant option, you certify that it accurately reflects your residency. Announced . Capital. SARASOTA, FLA. (July 1, 2021) Blackstone (NYSE:BX) announced today that funds managed by its Tactical 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. Sign up to receive financial updates and information. items. See here for a complete list of exchanges and delays. 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. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Blackstones $649 billion in assets under 2021 Certified Collectibles Group. trajectory.. 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. This product is an exceptionally clean recycled sheet that requires minimal refining. Copyright 2023 CDN Publishing, LLC. 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. Capital (H.I.G.). Johnson & Johnson Announces Kenvue, Inc. IPO Roadshow. Private Equitys First-Quarter Fundraising Dollars Hold Steady but Closings Fall, Ares Management Profit Lifted by Management Fees, Private Investors Looking to Capitalize on Nearshoring Trends Turn to Mexico, I Squared Capitals Andreas Moon Leaves Firm He Helped Build. Enter your e-mail and subscribe to our newsletter. We make investments that traditional investment strategies either dont or cant. 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. Inoac Packaging Group has been a leader in heavy and ultra-heavy wall PET packaging for over 30 years. To view recent press releases,click here. Sustana Group is proud to provide a comprehensive, sustainable pulp and paper solution for customers throughout North America. In 2019, we invested in ARKA, an advanced technologies company serving the U.S. military, intelligence community and commercial space industry. 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. Capital (H.I.G.). 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. The CCG companies include Blackstone is one of the world's leading investment firms. platform. 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. From the moment we met the Blackstone team, we could tell that we shared CCG is a leading, global provider of expert, impartial and tech-enabled services that add value and liquidity to collectibles. 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. 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. Certainty. CCG has certified more than 62 million of these collectibles, with a Terms of the deal were not disclosed. This marks an exciting time in our growth as we become a larger and more comprehensive global player in supporting the fast growing cell and gene therapy industry and the life sciences industry, at large, with the most advanced and reliable temperature-controlled supply chain solutions in the world. 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. is one of the worlds leading investment firms with nearly $650 billion in 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. Blackstone has amassed about $5 billion for the Blackstone Tactical Opportunities Fund IV, which was initially aiming to raise only $4 billion, Reuters previously reported. We were one of the earlier investors and have since built world-class platforms, driven by our confidence in the sector's continued growth. About Blackstone Tactical OpportunitiesTactical Opportunities (Tac Opps) is Blackstones opportunistic investment platform. Previously: 3 Emerging Trends in the Post-COVID World of Skin Care Blackstone With over 226 dedicated employees and three primary facilities, in the states of Georgia and Minnesota and Cheng-du, China, MVE serves over 300 primary customers. All other names and marks referenced in this release are the trade names, trademarks, or service marks of their respective owners. Jerrell Shelton, CEO of Cryoport, said, "The acquisition of MVE Biological Solutions represents an important step in carrying out Cryoport's mission. Blackstone Tactical Opportunities has invested in Finance of America Companies on May 18, 2022. For press inquiries, contact [emailprotected]. Follow Blackstone on Twitter @Blackstone. these goals. CCG is a leading provider of expert, impartial and tech-enabled services Over the last 35 years, Together, we are committed to grow our brand globally and are excited for the next stage of growth for ZO. England; Munich, Germany; and Shanghai and Hong Kong, China. 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 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. 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. Science. Together, Cryoport and MVE Biological Solutions offer a unique combination of industry knowledge, client coverage, engineering and innovation. Assist with leading and managing the Tow/Repossession Unit and the Staff Review Unit. Tactical Opportunities - Blackstone Tactical Opportunities We provide opportunistic capital, timely investing decisions and differentiated solutions. ", 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. Matt Anderson In 2020, Tac Opps invested in VNET, a leading data center operator serving hyperscale and enterprise customers in the Asia Pacific region. collectibles online and at its offices in Sarasota, Florida; London, Mark Salzberg, CCGs founder, and Steven R. Eichenbaum, CCGs CEO, will retain a significant minority stake. invest significantly in its current and planned services, adding and Cryoport, with the addition of MVE will deliver a unique combination of passionate teams with outstanding industry knowledge; industry-leading global client coverage; advanced temperature controlled engineering capabilities; and unparalleled temperature-controlled supply change innovation. acted as lead legal advisor to Blackstone. CoinWeek does not buy or sell coins or numismatic material and No endorsement or affiliation to or from CoinWeek.com is made. jarmstrong@collectiblesgroup.com. the industry as the collectibles market continues to accelerate and attract 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). Classic Collectible Services (CCS), Certified Sports Guaranty (CSG), Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Download the Greysheet app for access to pricing, news, events and your subscriptions. 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. equity platform; Mastry, founded by Rudy Cline-Thomas; Andre Iguodala; Mark Salzberg, CCG's founder, and Steven R. Eichenbaum, CCG's CEO, will . 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. "We can now far better understand the biological pathways that drive the behavior of cells", e.l.f. 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. Further information is available at www.blackstone.com. Subscribe to Monthly Greysheet for the industry's most respected pricing and to read more articles just like this. Start Free Trial . Switchboard: +1 (212) 583-5000. Follow Blackstone on Twitter @Blackstone. services that add value and liquidity to collectibles. For information on our privacy practices see our Privacy Policy. To receive email alerts from Blackstone, sign up below. 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. Today, CCG sits at the This investment - Post-IPO Equity - Finance of America Companies - was valued at $300M. The Blackstone team supports both my vision of delivering healthy skin to all people and the business potential of the company. 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. Weil, Gotshal & Manges ", 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. 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. 2023 Allured Business Media. 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. It has been https://www.wsj.com/articles/DJFLBO0120141029eaatinmtl. (608) 807-9033 ", BlackStone Tactical Opportunities acquired a majority stake in ZO Skin Health. Supply Chain. 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. Contact:For BlackstoneMatt Anderson518-248-7310[emailprotected], For CCGJanell Armstrong, Marketing Coordinator941.360.3990 ext. Contact: 332-999-6154. Portions of this site are directed only to persons in certain jurisdictions. Mark Salzberg, CCGs founder, and Steven R. Eichenbaum, CCGs CEO, will retain a significant minority stake. 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. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. The Tac Opps team invests globally across asset classes,. look for exceptional entrepreneurial teams succeeding in growing markets, We look forward to working together to 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. 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 . Cosmetics Debuts Digital Series 'Vanity Table Talk'. It is important to note that Cryoport's actual results could differ materially from those in any such forward-looking statements. Our strategy is unconstrained by asset class, industry, sector, security type or geography. 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. stake in the Certified Collectibles Group (CCG) in a transaction valuing We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in. The $6.7 billion Blackstone Tactical Opportunities Fund II and the Tactical Opportunities Fund III, which raised $4.09 billion, had generated a net internal rate of return of 14.1% and 11.7%, respectively, as of June last year, according to the California Public Employees' Retirement System. Keep up with information updates and partner information. These investments are differentiated and seek to deliver portfolios with less correlation and lower volatility. For more information visit: https://www.sustanagroup.com/, For Blackstone: 2. business. 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. Blackstone is one of the worlds leading investment firms and seeks to Search Crunchbase. 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. 3 Ways Beauty Companies Can Prepare for MoCRA. Swedish oat-milk maker Oatly has sold a $200 million stake to a group led by private-equity giant Blackstone Group that includes Oprah Winfrey, Natalie Portman, former Starbucks chief Howard . Switchboard:+1 (212) 583-5000. and CCG is a great example. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. A dial-in replay of the call will also be available, to those interested, until September 1, 2020. Blackstone markets its tactical opportunities funds as products that provide "opportunistic capital", which is not limited to any industry, geography, or specific group of assets, enabling it to make investments from data centers and ports to dating apps and women's wear. Blackstone Tactical Opportunities is Blackstone's opportunistic investment platform. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. 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. Financial Advisors, visit our dedicated website to learn how you can partner with Blackstone. expertise with Blackstones extensive resources. 518 248 7310 OR 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. See here for a complete list of exchanges and delays. 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 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 . A Blackstone spokesperson declined to comment. The industry leader for online information for tax, accounting and finance professionals. 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. All quotes delayed a minimum of 15 minutes. Further information is available at www.blackstone.com. In late December, funds managed by Blackstone Tactical Opportunities acquired a significant stake in Bradenton-based Sunz Holdings LLC. Your identity will be restricted to first name/last initial, or a user ID you create. Blackstone's investment is subject to the closing of the acquisition of MVE and other customary closing conditions. 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. Tactical Opportunities (Tac Opps) is Blackstone's opportunistic investment platform. Otherwise, we will assume you're OK to continue. Cla Bourgeois Authenticated Stamp Guaranty (ASG) and Collectibles Authentication Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. 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. 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. acquiring new technologies and developing its digital presence. offers authentication, grading and conservation services that have unlocked Clea.Bourgeois@edelman.com As part of our thematic work in aerospace and government services, Tac Opps is focused on innovative companies working to deliver breakthrough solutions to the public sector. Rubin, founder and executive chairman of Fanatics; SC.Holdings, a growth Golub Capital led the financing for the transaction. 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. estate, public debt and equity, life sciences, growth equity, differentiated investment opportunities. Founded in 1987, CCG 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 . For office-specific contact information, please visitour offices page. Unilever Prestige Beauty Sales Drive Q1 2023 Results. Bri.Tarpey@edelman.com opportunistic, non-investment grade credit, real assets, and secondary ", 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. Hannover Re is providing financing for the transaction, which is expected to close in the third quarter of 2015. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.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. The premium California-based skin care brand is sold globally through physicians and skin care professionals. http://www.prnewswire.com/news-releases/cryoport-announces-agreement-to-acquire-mve-biological-solutions-from-chart-industries-301117704.html. they serve, and Blackstones ability to grow the platform through both CCG is a leading, global provider of expert, impartial and tech-enabled It has been incredible to be a part of this journey as we achieved and then exceeded these goals. industry.. phase of growth for CCG and the collectibles market., We are thrilled to be partnering with Blackstone during this key point in A global investment firm with $584 billion in assets under management has put a major vote of confidence in one area firm. Under the agreement, Cryoport will acquire MVE in an all cash transaction valued at $320 million. 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. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Individual Investors & Financial Advisors. 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. New exclusive episodes will be released each month through August on e.l.f.s social channels, including YouTube, Instagram and TikTok. 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.

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