blackstone tactical opportunities acquires

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. (917) 698-1674 We look forward to working together to All rights reserved. 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. 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. 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. 2. 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. Blackstone is the worlds largest alternative asset manager. 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. matthew.anderson@blackstone.com 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. Matt Anderson 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. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. 3 Ways Beauty Companies Can Prepare for MoCRA. industries and geographies, seeking to identify and execute on attractive, countries. Since 1987, the CCG companies have certified more than 60 Over the last 35 years, Johnson & Johnson Announces Kenvue, Inc. IPO Roadshow. Blackstone Infrastructure Partners (BIP), an infrastructure-focused series of funds, today announced that it has acquired a 35% stake in Phoenix Tower International ( PTI ), an independent tower company operating in the Americas and Europe, from Manulife Investment Management, which holds its stakes through John Hancock Life Insurance (JHUSA) and assets under management and a strong track record of creating value and a magazines, concert posters, stamps, trading cards, sports cards and estate To view recent press releases, click here. global physical and digital collectibles industry for several years and we 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. Blackstone Tactical Opportunities is an opportunistic investing platform seeking to capitalize on global investment opportunities. Janell Armstrong, Marketing Coordinator 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." We do this by using extraordinary people and flexible capital to help companies solve problems. Blackstone Tactical Opportunities is Blackstone's opportunistic investment platform. 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. For press inquiries, contact [emailprotected]. 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. Blackstone Tactical Opportunities acquires Sustana Group on 2021-12-01 for an undisclosed amount. Mark Salzberg, CCG's founder, and Steven R. Eichenbaum, CCG's CEO, will . Clea.Bourgeois@edelman.com About Certified Collectibles Group (CCG). A Blackstone spokesperson declined to comment. See here for a complete list of exchanges and delays. 236 Enter your e-mail and subscribe to our newsletter. 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. 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. To order presentation-ready copies for distribution to your colleagues, clients or customers visit https://www.djreprints.com. 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. Capital. These investments are differentiated and seek to deliver portfolios with less correlation and lower volatility. Coty Campus integrates tools such as text and vocal chat discussions, screen-and-filesharing and customizable avatars. the industry as the collectibles market continues to accelerate and attract mariel.seidmangati@blackstone.com 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. America, and/or its related companies in the United States and/or other A dial-in replay of the call will also be available, to those interested, until September 1, 2020. 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. 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. Weil, Gotshal & Manges acted as lead legal advisor to Blackstone. "We are thrilled to partner with ZO, Dr. Zein Obagi and the management team to continue to serve patients. Inoac Packaging Group has been a leader in heavy and ultra-heavy wall PET packaging for over 30 years. I am excited to join with Blackstone as we enter the next Weil, Gotshal & Manges To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Except as required by law, Cryoport disclaims any obligation, and does not undertake, to update or revise any forward-looking statements in this press release. 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. Chrome Extension. Switchboard: +1 (212) 583-5000. In 2020, Tac Opps invested in Ki, the first fully digital and algorithmically driven insurance underwriter in the Lloyds of London market. "We will now have greater resources and tools to help us on our path in becoming the leading global physician-dispensed brand. the same vision for the future of our company and the global collectibles Goldman, Sachs & Co. is acting as exclusive financial advisor to Blackstone and Simpson Thacher & Bartlett LLP is acting as its legal advisor. differentiated investment opportunities. Portions of this site are directed only to persons in certain jurisdictions. Blackstone is one of the worlds leading investment firms with nearly $650 billion in assets under management and a strong track record of creating value and a positive impact for the companies it acquires and the communities that they serve. 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. Further information is available at www.blackstone.com. Our Standards: The Thomson Reuters Trust Principles. The Tac Opps team invests globally across asset classes,. combined fair market value approaching $50 billion. offers authentication, grading and conservation services that have unlocked It further entrenches us in the cell and gene therapy supply chain ecosystem at a time when cell and gene therapies are experiencing rapid and sustained growth, and with an even more exciting growth story ahead. To learn more, Announced . To view recent press releases, click here. (NCS), Paper Money Guaranty (PMG), Certified Guaranty Company (CGC), three continents, robust digital offerings and comprehensive certification Please click here if you would like more information about the cookies used on this website and how to change your cookie settings. About Blackstone Tactical OpportunitiesTactical Opportunities (Tac Opps) is Blackstones opportunistic investment platform. 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. Blackstone Tactical Opportunities Announces Acquisition of Sustana, a Leading Manufacturer of Sustainable Recycled Fiber, Paper and Packaging, Blackstone acquires Sustana Group from HIG Capital, Notizie da AC Ventures, Lowercarbon Capital, Borderless Capital, INVL Asset Management, HIG Capital, Blackstone Tactical Opportunities, Lee Equity Partners. training new employees, expanding its geographic and product reach, acted as lead legal advisor to Blackstone. We support life-saving advanced cell and gene therapies and deliver vaccines, protein producing materials, and IVF materials in over 100 countries around the world. To learn more, visit collectiblesgroup.com. 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. platform. Cla Bourgeois 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. This copy is for your personal, non-commercial use only. To view recent press releases,click here. collectibles online and at its offices in Sarasota, Florida; London, CCGs leadership team will remain in place, combining their experience and expertise with Blackstones extensive resources. "We can now far better understand the biological pathways that drive the behavior of cells", e.l.f. 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 is the worlds largest alternative asset manager. Founded in 1987, CCG offers authentication, grading and conservation services that have unlocked billions of dollars in secondary market value. 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. Individual Investors & Financial Advisors. Over the last 35 years, CCG has expanded from collectible coins to comic books, banknotes, magazines, concert posters, stamps, trading cards, sports cards and estate items. Keep up with information updates and partner information. In 2020, Tac Opps made an investment in Diligent, a leading governance, risk and compliance (GRC) SaaS provider. We completed a follow-on investment in 2020, furthering our mission to deliver next-generation solutions to support the national security space domain. 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 . 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. Blackstone Tactical Opportunities Announces Acquisition of Sustana, a Leading Manufacturer of Sustainable Recycled Fiber, Paper and Packaging | Business Wire Blackstone Tactical Opportunities. Switchboard:+1 (212) 583-5000. CCG has certified more than 62 million of these collectibles, with a combined fair market value approaching $50 billion. 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. Follow Blackstone on Twitter @Blackstone. England; Munich, Germany; and Shanghai and Hong Kong, China. Blackstone Tactical Opportunities is set to acquire the Certified Collectibles Group, a leading provider of Tech-Enabled Authentication, Grading and Conservation Services for the Global Collectibles Industry. 941 360 3994 ext. 2023 Allured Business Media. 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. 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. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. 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. Together, Cryoport and MVE Biological Solutions offer a unique combination of industry knowledge, client coverage, engineering and innovation. It has been Tactical Opportunities (Tac Opps) is Blackstone's opportunistic investment The merger, combined with a $5 million Series B funding round, will facilitate new product development and expansion into new international 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. 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. This website uses cookies, including third-party cookies, in order to obtain information about your visit to the website and make this website better. Mark Salzberg, founder of CCG, said: When I established CCG, I had a 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. 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. From the moment we met the Blackstone team, we could tell that we shared All other names and marks referenced in this release are the trade names, trademarks, or service marks of their respective owners. Founded in 1987, CCG 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. "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. 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 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. trajectory.. Tactical Opportunities (Tac Opps) is Blackstone's opportunistic investment platform. 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. A global investment firm with $584 billion in assets under management has put a major vote of confidence in one area firm. To view recent press releases,click here. were drawn to CCG because of their leadership role in the categories that Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. News Releases. For more information visit: https://www.sustanagroup.com/, For Blackstone: Blackstone's investment is subject to the closing of the acquisition of MVE and other customary closing conditions. 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. It has also raised an extra $5 billion in separately managed accounts from investors that will invest alongside the main fund, said the sources, who declined to named because the matter is confidential. 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. Classic Collectible Services (CCS), Certified Sports Guaranty (CSG), New exclusive episodes will be released each month through August on e.l.f.s social channels, including YouTube, Instagram and TikTok. United States 1944-P Jefferson War Nickel, Croatia Celebrates 30 Years of Independence With Limited Edition Gold and Silver Coin Sets. Bri.Tarpey@edelman.com 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. The Tac Opps team invests globally across asset classes, industries and geographies, seeking to identify and execute on attractive, differentiated investment opportunities. billions of dollars in secondary market value. ", 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. DE PERE, Wisc. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Further information is available at www.blackstone.com. We do this by using extraordinary people and flexible capital to help companies solve problems. SARASOTA, FLA. (July 1, 2021) 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. For more information, visit www.cryoport.com or follow @cryoport on Twitter at www.twitter.com/cryoport for live updates. +1 -855-327-6837 (U.S.), +1 631-891-4304 (International). This acquisition is a further step in Cryoport fulfilling its mission of being "the life sciences industry's preeminent partner for temperature-controlled supply chain solutions" by broadening its footprint of solutions and services to the life sciences industry, and in particular to the fast-growing cell and gene market. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. 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. the company at more than $500 million. Sustana Group is the manufacture of sustainably produced, premium recycled fiber and paper, utilizing post-consumer material. 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. Blackstone Tactical Opportunities has invested in Finance of America Companies on May 18, 2022. (608) 807-9033 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. For office-specific contact information, please visit our our offices page. Chibuike reports on mostly large U.S.-based private equity firms, including Blackstone, KKR, Carlyle, and Apollo. The remainder of the purchase price for the MVE acquisition will be paid from the Company's cash balance. Note: All figures as of March 31, 2023, unless otherwise indicated. For office-specific contact information, please visitour offices page. look for exceptional entrepreneurial teams succeeding in growing markets, This product is an exceptionally clean recycled sheet that requires minimal refining. CCG is a leading provider of expert, impartial and tech-enabled services This team invests globally across asset classes, industries and geographies, seeking to identify and execute on attractive, differentiated investment opportunities. By submitting this request, you consent to receive email from Blackstone. 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. ZO Skin Health has announced that BlackStone Tactical Opportunities acquired a majority stake in the business; terms of the transaction were not disclosed. 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 . for the transaction. Science. For Blackstone http://www.prnewswire.com/news-releases/cryoport-announces-agreement-to-acquire-mve-biological-solutions-from-chart-industries-301117704.html. To access the replay, dial +1 844-512-2921 (United States) or +1 412-317-6671 (International) and enter replay pin number: 10010868. 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. Sara Moss joined ELC in 2003 as executive vice president and general counsel. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.