We completed a follow-on investment in 2020, furthering our mission to deliver next-generation solutions to support the national security space domain. To access the replay of the webcast, please follow this link. 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. equity platform; Mastry, founded by Rudy Cline-Thomas; Andre Iguodala; 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. Janell Armstrong, Marketing Coordinator United States 1944-P Jefferson War Nickel, Croatia Celebrates 30 Years of Independence With Limited Edition Gold and Silver Coin Sets. Your identity will be restricted to first name/last initial, or a user ID you create. 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. 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. America, and/or its related companies in the United States and/or other It has been items. The CCG companies include 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 set to acquire the Certified Collectibles Group, a leading provider of Tech-Enabled Authentication, Grading and Conservation Services for the Global Collectibles Industry. By submitting this request, you consent to receive email from Blackstone. Blackstone (NYSE:BX) announced today that funds managed by its Tactical See here for a complete list of exchanges and delays. Golub Capital led the financing for the transaction. Search for: *. Founded in 1987, CCG offers authentication, grading and conservation services that have unlocked billions of dollars in secondary market value. For office-specific contact information, please visit our our offices page. Global nuclear arsenals are expected to grow as states continue - SIPRI Follow Blackstone on Twitter @Blackstone. Ross B. Shuster to Join as CEO of Standalone Climate Technologies trajectory.. Switchboard: +1 (212) 583-5000. services that add value and liquidity to collectibles. 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. Cla Bourgeois invest significantly in its current and planned services, adding and Follow Blackstone on Twitter @Blackstone. ", 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. Further information is available at www.blackstone.com. 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. We were one of the earlier investors and have since built world-class platforms, driven by our confidence in the sector's continued growth. A Blackstone spokesperson declined to comment. In 2020, Tac Opps invested in VNET, a leading data center operator serving hyperscale and enterprise customers in the Asia Pacific region. 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. is one of the worlds leading investment firms with nearly $650 billion in Weil, Gotshal & Manges acted as lead legal advisor to Blackstone. Article content. Canada This team invests globally across asset classes, industries and geographies, seeking to identify and execute on attractive, differentiated investment opportunities. *. Mark Salzberg, CCGs founder, and Steven R. Eichenbaum, CCGs CEO, will retain a significant minority stake. Follow Blackstone on Twitter @Blackstone. 941 360 3994 ext. and CCG is a great example. Bringing MVE Biological Solutions under the Cryoport umbrella, which will include Cryoport Systems, Cryogene, and the recently announced agreement to acquire CRYOPDP is expected to increase our revenue run rate to over $160 million and to be immediately accretive. Capital ("H.I.G."). (NCS), Paper Money Guaranty (PMG), Certified Guaranty Company (CGC), C. C. Melvin Ike, Principal at Blackstone, said: As thematic investors, we Mark Salzberg, CCG's founder, and Steven R. Eichenbaum, CCG's CEO, will retain a significant . News Releases. In 2020, Tac Opps made an investment in Diligent, a leading governance, risk and compliance (GRC) SaaS provider. 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. Prominent fund invests in area insurance firm | Business Observer Goldman Sachs & Co. LLC acted as exclusive financial advisor to CCG. training new employees, expanding its geographic and product reach, Assist with leading and managing the Tow/Repossession Unit and the Staff Review Unit. We do this by using extraordinary people and flexible capital to help companies solve problems. Blackstone Tactical Opportunities is Blackstone's opportunistic investment platform. Mark Salzberg, founder of CCG, said: When I established CCG, I had a SARASOTA, FLA. (July 1, 2021) Bri Tarpey the same vision for the future of our company and the global collectibles 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. For Sustana Tactical Opportunities (Tac Opps) is Blackstone's opportunistic investment platform. 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. Sustana Group acquired by Blackstone Tactical Opportunities - CrunchBase 2021 Certified Collectibles Group. Weil, Gotshal & Manges 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. Johnson & Johnson debuted the new consumer health company in October 2022. industry.. 518 248 7310 This product is an exceptionally clean recycled sheet that requires minimal refining. Blackstone is the worlds largest alternative asset manager. Please allow 10 minutes prior to the call to visit this site to download and install any necessary audio software. combined fair market value approaching $50 billion. OR 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. The premium California-based skin care brand is sold globally through physicians and skin care professionals. 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. 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). To learn more, 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. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. . Portions of this site are directed only to persons in certain jurisdictions. The Tac Opps team invests globally across asset classes, industries and geographies, seeking to identify. new collectors and investors, added Steven R. Eichenbaum, CEO at CCG. acted as lead legal advisor to Blackstone. Blackstone Tactical Opportunities is Blackstone's opportunistic investment platform. Blackstone's Tactical Opportunities Group to Acquire Philadelphia - WSJ Our strategy is unconstrained by asset class, industry, sector, security type or geography. We do this by using extraordinary people and flexible capital to help companies solve problems. Our team has built a leading sustainability platform in our markets and Sustana is well positioned for robust continued growth in partnership with Blackstone.. manufacturers an exceptionally clean and performant. visit collectiblesgroup.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. these goals. 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). Numismatic Guaranty Corporation (NGC), Numismatic Conservation Services Daryl Morey, President of Basketball Operations for the Philadelphia 76ers; Financial Advisors, visit our dedicated website to learn how you can partner with Blackstone. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. 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. Blackstone will seek to accelerate CCGs growth, enabling the company to funds, all on a global basis. From the moment we met the Blackstone team, we could tell that we shared the same vision for the future of our company and the global collectibles industry.. USA Switchboard:+1 (212) 583-5000. 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. 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. 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 Announces Acquisition of Sustana, a 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. These investments are differentiated and seek to deliver portfolios with less correlation and lower volatility. To view recent press releases,click here. 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 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 Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. To receive email alerts from Blackstone, sign up below. 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.". athletes, recording artists, and other leaders across entertainment and 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. incredible to be a part of this journey as we achieved and then exceeded Together, we are committed to grow our brand globally and are excited for the next stage of growth for ZO. For office-specific contact information, please visit our our offices page. 2. About Blackstone and Blackstone Tactical Opportunities. CCG is a leading, global provider of expert, impartial and tech-enabled Directly lead and manage the Criminal History, Expunctions, Public Counter, Fax Account, and Subpoena Units. Bri.Tarpey@edelman.com 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. The industry leader for online information for tax, accounting and finance professionals. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Jay-Z, Blackstone Acquire CGC Parent Certified Collectibles Group Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. Goldman Sachs & Co. LLC acted as exclusive financial advisor to CCG. Coty Campus integrates tools such as text and vocal chat discussions, screen-and-filesharing and customizable avatars. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. CCG is a leading provider of expert, impartial and tech-enabled services Secrets of the Rare Coin & Bullion Business. (518) 248-7310 For information on our privacy practices see our Privacy Policy. Their most recent investment was on May 18, 2022, when Recurrent Ventures raised $300M. Windows of opportunity open and close without warning. 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. Blackstone Tactical Opportunities Announces Acquisition of Sustana, a In 2020, Tac Opps invested in Ki, the first fully digital and algorithmically driven insurance underwriter in the Lloyds of London market. About Certified Collectibles Group (CCG)CCG is a leading provider of expert, impartial and tech-enabled services that add value and liquidity to collectibles. Founded in 1987, CCG We do this by using extraordinary people and flexible capital to help companies solve problems. that add value and liquidity to collectibles. the industry as the collectibles market continues to accelerate and attract 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). Please click here if you would like more information about the cookies used on this website and how to change your cookie settings. Blackstone Tactical Opportunities has invested in Finance of America Companies on May 18, 2022. global physical and digital collectibles industry for several years and we Subscribe to Monthly Greysheet for the industry's most respected pricing and to read more articles just like this. 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. 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 . For information on our privacy practices see our Privacy Policy. for the transaction. Sustana commits to reduce absolute Scope 1 and Scope 2 emissions 42% by 2030 and to measure and reduce its Scope 3 emissions, The Industry Pioneer in Sustainable Fiber and Paper Continues its Dedication to Responsible Business, Sustanas GHG Emissions Reduction Goal Approved by The Science Based Targets initiative, Recycled Fiber and Paper Leader Sustana Joins UN Global Compact, is Committed to Sustainable Development Goals. 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. Report: Boost Lab x tbh Skincare Merge to Form York Street Brands. 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 . Further information is available at www.blackstone.com. 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. Blackstone Tactical Opportunities is an opportunistic investing platform seeking to capitalize on global investment opportunities. For office-specific contact information, please visitour offices page. 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. Blackstone Tactical Opportunities acquires Sustana Group on 2021-12-01 for an undisclosed amount. Sara Moss joined ELC in 2003 as executive vice president and general counsel. help the company continue and even accelerate its impressive growth 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. 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. 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.