blackstone tactical opportunities acquires

Cla Bourgeois Supply Chain. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Blackstone Tactical Opportunities acquires Sustana Group on 2021-12-01 for an undisclosed amount. Headquartered in De Pere, Wisconsin, Sustana Group, which comprises Sustana Fiber and Rolland, uses post-consumer . visit collectiblesgroup.com. 518 248 7310 Search for: *. 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. 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. Weil, Gotshal & Manges Jerrell Shelton, CEO of Cryoport, said, "The acquisition of MVE Biological Solutions represents an important step in carrying out Cryoport's mission. For information on our privacy practices see our Privacy Policy. 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. 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. Solutions. Blackstone will seek to accelerate CCGs growth, enabling the company to invest significantly in its current and planned services, adding and training new employees, expanding its geographic and product reach, acquiring new technologies and developing its digital presence. expertise with Blackstones extensive resources. 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. Blackstone Tactical Opportunities has made 14 investments. Article content. Subscribe to Monthly Greysheet for the industry's most respected pricing and to read more articles just like this. trade names, trademarks, or service marks of their respective owners. Exclusive news, data and analytics for financial market professionals, Reporting by Chibuike Oguh in New York; Editing by Stephen Coates, First Republic collapse sparks regional bank shares sell-off, JPMorgan wins government auction to buy seized First Republic Bank, Ford's Kentucky Truck Plant road-tests a new quality strategy, Lordstown shares plunge 48% as investor Foxconn alleges agreement breach. Coty Campus integrates tools such as text and vocal chat discussions, screen-and-filesharing and customizable avatars. The Tac Opps team invests globally across asset classes, The remainder of the purchase price for the MVE acquisition will be paid from the Company's cash balance. To view recent press releases,click here. Chibuike reports on mostly large U.S.-based private equity firms, including Blackstone, KKR, Carlyle, and Apollo. 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. 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. United States 1944-P Jefferson War Nickel, Croatia Celebrates 30 Years of Independence With Limited Edition Gold and Silver Coin Sets. Blackstone Tactical Opportunities Announces Acquisition of Sustana, a Leading Manufacturer of Sustainable Recycled Fiber, Paper and Packaging | Business Wire Blackstone Tactical Opportunities. By selecting the relevant option, you certify that it accurately reflects your residency. ", 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. management include investment vehicles focused on private equity, real Switchboard:+1 (212) 583-5000. 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. In 2020, Tac Opps invested in VNET, a leading data center operator serving hyperscale and enterprise customers in the Asia Pacific region. "We are thrilled to partner with ZO, Dr. Zein Obagi and the management team to continue to serve patients. To learn more, Science. Capital (H.I.G.). Switchboard:+1 (212) 583-5000. NGC, NCS, PMG, CGC, CCS, CSG, ASG, CAG and CCG are the registered In late December, funds managed by Blackstone Tactical Opportunities acquired a significant stake in Bradenton-based Sunz Holdings LLC. This website uses cookies, including third-party cookies, in order to obtain information about your visit to the website and make this website better. Directly lead and manage the Criminal History, Expunctions, Public Counter, Fax Account, and Subpoena Units. 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. Guaranty (CAG). billions of dollars in secondary market value. For office-specific contact information, please visitour offices page. and CCG is a great example. positive impact for the companies it acquires and the communities that they magazines, concert posters, stamps, trading cards, sports cards and estate Blackstone will seek to accelerate CCGs growth, enabling the company to By submitting this request, you consent to receive email from 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., 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. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Keep up with information updates and partner information. 2021 Certified Collectibles Group. Financial Advisors, visit our dedicated website to learn how you can partner with Blackstone. CCGs leadership team will remain in place, combining their experience and Classic Collectible Services (CCS), Certified Sports Guaranty (CSG), 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. To fund the acquisition, Cryoport is receiving a $275 million investment from funds managed by Blackstone Tactical Opportunities (NYSE: BX) ("Blackstone"). is one of the worlds leading investment firms with nearly $650 billion in Secrets of the Rare Coin & Bullion Business. 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. Their most recent investment was on May 18, 2022, when Recurrent Ventures raised $300M. 3 Ways Beauty Companies Can Prepare for MoCRA. 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. 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. 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 . It has been incredible to be a part of this journey as we achieved and then exceeded these goals. 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. Unilever Prestige Beauty Sales Drive Q1 2023 Results. 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. (518) 248-7310 Today, CCG serves the world of Today, CCG sits at the 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). We look forward to working together to CCG is a leading provider of expert, impartial and tech-enabled services Sunz Holdings is the parent company of Sunz Insurance, a fast-growing national workers . 236[emailprotected]. Further information is available at www.blackstone.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. 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. Capital ("H.I.G."). For more information visit: https://www.sustanagroup.com/, For Blackstone: 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. Blackstone's investment is subject to the closing of the acquisition of MVE and other customary closing conditions. Search Crunchbase. CCG has certified more than 62 million of these collectibles, with a services that add value and liquidity to collectibles. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Opportunities business (Blackstone) have agreed to acquire a majority 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). look for exceptional entrepreneurial teams succeeding in growing markets, Capital ("H.I.G."). Switchboard: +1 (212) 583-5000. the company at more than $500 million. About Certified Collectibles Group (CCG). It is important to note that Cryoport's actual results could differ materially from those in any such forward-looking statements. Contact: 332-999-6154. Numismatic Guaranty Corporation (NGC), Numismatic Conservation Services Individual Investors & Financial Advisors. Sign up to receive financial updates and information. and Main Street Advisors, a leading investment advisory firm to prominent Blackstone Tactical Opportunities has invested in Finance of America Companies on May 18, 2022. 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.". Este Lauder Companies' Vice Chairman Retiring July 2023. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. assets under management and a strong track record of creating value and a Additional investors in todays transaction include Roc Nation; Michael serve. 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. Capital (H.I.G.). *. For office-specific contact information, please visitour offices page. trademarks or unregistered trademarks of Numismatic Guaranty Corporation of We completed a follow-on investment in 2020, furthering our mission to deliver next-generation solutions to support the national security space domain. For press inquiries, contact[emailprotected]. 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. Financial Advisors, visit our dedicated website to learn how you can partner with Blackstone. (608) 807-9033 CCG is a leading, global provider of expert, impartial and tech-enabled services that add value and liquidity to collectibles. For more information, visit www.cryoport.com or follow @cryoport on Twitter at www.twitter.com/cryoport for live updates. 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. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. All other names and marks referenced in this release are the trade names, trademarks, or service marks of their respective owners. Clea.Bourgeois@edelman.com Previously:3 Emerging Trends in the Post-COVID World of Skin Care. they serve, and Blackstones ability to grow the platform through both Blackstone is the worlds largest alternative asset manager. (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. Mark Salzberg, Founder of CCG, said: When I established CCG, I had a vision that we would transform collectibles into an asset class that is trusted by collectors, dealers and investors around the world. All other names and marks referenced in this release are the 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. 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. 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. funds, all on a global basis. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in. In 2019, we invested in ARKA, an advanced technologies company serving the U.S. military, intelligence community and commercial space industry. 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. Follow Blackstone on Twitter @Blackstone. By selecting the relevant option, you certify that it accurately reflects your residency. Chrome Extension. Goldman Sachs & Co. LLC acted as exclusive financial advisor to CCG. 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. for the transaction. It has also acquired packaging products firm Sustana Group and ZO Skin Health, a California-based cosmetics company. This copy is for your personal, non-commercial use only. Blackstone Tactical Opportunities is Blackstone's opportunistic investment platform. Our Standards: The Thomson Reuters Trust Principles. A Blackstone spokesperson declined to comment. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. 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. Further information is available at www.blackstone.com. Cryoport's business could be affected by a number of other factors, including the risk factors listed from time to time in Cryoport's SEC reports including, but not limited to, Cryoport's 10-K for the year ended December 31, 2019, Cryoport's Quarterly Report on Form 10-Q for the quarter ended June 30, 2020 and any subsequent filings with the SEC. Mark Salzberg, founder of CCG, said: When I established CCG, I had a Blackstone 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.. 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. Goldman, Sachs & Co. is acting as exclusive financial advisor to Blackstone and Simpson Thacher & Bartlett LLP is acting as its legal advisor. Founded in 1987, CCG 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, CCG's founder, and Steven R. Eichenbaum, CCG's CEO, will . Johnson & Johnson debuted the new consumer health company in October 2022. Together, we are committed to grow our brand globally and are excited for the next stage of growth for ZO. For press inquiries, contact [emailprotected]. I am excited to join with Blackstone as we enter the next About Blackstone Tactical OpportunitiesTactical Opportunities (Tac Opps) is Blackstones opportunistic investment platform. offers authentication, grading and conservation services that have unlocked Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Please allow 10 minutes prior to the call to visit this site to download and install any necessary audio software. 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. 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. 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. To receive email alerts from Blackstone, sign up below. 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. Steven R. Eichenbaum, CCGs CEO, will retain a significant minority stake. 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. 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. 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. New exclusive episodes will be released each month through August on e.l.f.s social channels, including YouTube, Instagram and TikTok. Blackstone's tactical opportunities division has about $34 billion in assets under management. Follow Blackstone on Twitter @Blackstone. I am excited to join with Blackstone as we enter the next phase of growth for CCG and the collectibles market., We are thrilled to be partnering with Blackstone during this key point in the industry as the collectibles market continues to accelerate and attract new collectors and investors, added Steven R. Eichenbaum, CEO at CCG. For office-specific contact information, please visit our our offices page. Since 1987, the CCG companies have certified more than 60 100% recycled fiber for use in direct food contact packaging. help companies solve problems. 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. 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 .
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