Ross B. Shuster to Join as CEO of Standalone Climate Technologies the company at more than $500 million. ", 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. We provide opportunistic capital, timely investing decisions and differentiated solutions. 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. 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. and CCG is a great example. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. 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. Secrets of the Rare Coin & Bullion Business. From the moment we met the Blackstone team, we could tell that we shared mariel.seidmangati@blackstone.com 1. All quotes delayed a minimum of 15 minutes. 3 Ways Beauty Companies Can Prepare for MoCRA. CoinWeek does not buy or sell coins or numismatic material and No endorsement or affiliation to or from CoinWeek.com is made. companies they invest in, and the communities in which they work. management include investment vehicles focused on private equity, real 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. All other names and marks referenced in this release are the training new employees, expanding its geographic and product reach, organic and inorganic initiatives. 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. ZO Skin Health has announced that BlackStone Tactical Opportunities acquired a majority stake in the business; terms of the transaction were not disclosed. I am excited to join with Blackstone as we enter the next Article content. Golub Capital led the financing Founded in 1987, CCG offers authentication, grading and conservation services that have unlocked billions of dollars in secondary market value. Follow Blackstone on Twitter @Blackstone. Additional investors in todays transaction include Roc Nation; Michael Blackstone Tactical Opportunities Acquires Sustana Group - PaperAge Switchboard:+1 (212) 583-5000. ", Coty x Spatial Launching Coty Campus Metaverse for Employees. This copy is for your personal, non-commercial use only. Follow Blackstone on Twitter @Blackstone. Blackstone's Tactical Opportunities Group to Acquire Philadelphia - WSJ 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. 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). In late December, funds managed by Blackstone Tactical Opportunities acquired a significant stake in Bradenton-based Sunz Holdings LLC. Supply Chain. 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. 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. BIG NEWS! Blackstone Tactical Opportunities to Acquire the - Greysheet 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. CCG has certified more than 62 million of these collectibles, with a combined fair market value approaching $50 billion. trademarks or unregistered trademarks of Numismatic Guaranty Corporation of Follow Blackstone on Twitter @Blackstone. Blackstone Tactical Opportunities to Acquire NGC and Certified The premium California-based skin care brand is sold globally through physicians and skin care professionals. Our team has built a leading sustainability platform in our markets and Sustana is well positioned for robust continued growth in partnership with Blackstone.. Goldman Sachs & Co. LLC acted as exclusive financial advisor to CCG. 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 do this by using extraordinary people and flexible capital to help companies solve problems. This copy is for your personal, non-commercial use only. 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 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 . 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. 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 will seek to accelerate CCGs growth, enabling the company to 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. 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. For press inquiries, contact[emailprotected]. visit collectiblesgroup.com. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Educational Consultant - EMC Education Group, LLC - LinkedIn By submitting this request, you consent to receive email from Blackstone. 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. 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. Golub Capital led the financing for the transaction. We do this by using extraordinary people and flexible capital to help companies solve problems. 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. (518) 248-7310 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. and SAINT-JRME, Quebec 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. Our Standards: The Thomson Reuters Trust Principles. 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. athletes, recording artists, and other leaders across entertainment and 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. Capital ("H.I.G."). Through our purpose-built, proprietary Cryoport Express Shippers; Cryoportal information technology; validated Global Logistics Centers; smart and sustainable temperature-controlled logistics solutions; and biostorage/biobanking services, Cryoport serves clients in life sciences research, clinical trials, and product commercializations. 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. Duane Morris acted as legal advisor to CCG. 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. *. . Headquartered in De Pere, Wisconsin, Sustana Group, which comprises Sustana Fiber and Rolland, uses post-consumer . For press inquiries, contact [emailprotected]. Capital (H.I.G.). 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. Switchboard: +1 (212) 583-5000. Blackstone Tactical Opportunities has made 14 investments. 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.. For office-specific contact information, please visit our our offices page. "We can now far better understand the biological pathways that drive the behavior of cells", e.l.f. Hannover Re is providing financing for the transaction, which is expected to close in the third quarter of 2015. Blackstone Tactical Opportunities is an opportunistic investing platform seeking to capitalize on global investment opportunities. is one of the worlds leading investment firms with nearly $650 billion in 2023 Allured Business Media. 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. This website uses cookies, including third-party cookies, in order to obtain information about your visit to the website and make this website better. We look forward to working together to help the company continue and even accelerate its impressive growth trajectory.. NGC, NCS, PMG, CGC, CCS, CSG, ASG, CAG and CCG are the registered Duane Morris acted as legal advisor to CCG. Announced . forefront of the fast-growing global collectibles industry with offices on help companies solve problems. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Blackstone does this by using extraordinary people and flexible capital to help companies solve problems. Cryoport management will host a conference call and webcast, including a slide deck, at 8:30am ET on Tuesday, August 25, 2020 to discuss the acquisition. Sustana Group is the manufacture of sustainably produced, premium recycled fiber and paper, utilizing post-consumer material. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. For press inquiries, contact[emailprotected]. Further information is available at www.blackstone.com. 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. Our Firm | Carlyle Science. These investments are differentiated and seek to deliver portfolios with less correlation and lower volatility. for the transaction. 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. To access the replay of the webcast, please follow this link. 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. Sara Moss joined ELC in 2003 as executive vice president and general counsel. Individual Investors & Financial Advisors. To learn more, Portions of this site are directed only to persons in certain jurisdictions. the industry as the collectibles market continues to accelerate and attract 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. (608) 807-9033 Bri Tarpey It has also acquired packaging products firm Sustana Group and ZO Skin Health, a California-based cosmetics company. business. Download the Greysheet app for access to pricing, news, events and your subscriptions. Start Free Trial . million coins, banknotes, comic books, trading cards, sports cards, stamps, Inoac Packaging Group has been a leader in heavy and ultra-heavy wall PET packaging for over 30 years. Subscribe to Monthly Greysheet for the industry's most respected pricing and to read more articles just like this. Blackstone is the worlds largest alternative asset manager. Search Crunchbase. positive impact for the companies it acquires and the communities that they that add value and liquidity to collectibles. 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." 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 . (NCS), Paper Money Guaranty (PMG), Certified Guaranty Company (CGC), All rights reserved. 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. Blackstone 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. As a regional leader, we believe VNET is well positioned to help meet this growing demand. How is the acquired Organization structured after the acquisition. DE PERE, Wisc. Blackstone Tactical Opportunities to Acquire the Certified - USCoinNews 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 . new collectors and investors, added Steven R. Eichenbaum, CEO at CCG. 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. For press inquiries, contact [emailprotected]. 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. To view recent press releases,click here. Goldman Sachs & Co. LLC acted as exclusive financial advisor to CCG. ", 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. Our team has built the leading sustainability platform in our markets and Sustana is well positioned for robust continued growth in partnership with Blackstone.. 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. Guaranty (CAG). We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in. Further information is available at www.blackstone.com. items. Chibuike reports on mostly large U.S.-based private equity firms, including Blackstone, KKR, Carlyle, and Apollo. The skin tool rates ingredients on a scale of best to worst based on cited research from a broad range of fields including anatomy, physiology, dermatology, cosmetic chemistry, genetics, environmental science and safety. ", BlackStone Tactical Opportunities acquired a majority stake in ZO Skin Health. Blackstone is one of the worlds leading investment firms and seeks to Blackstone Tactical Opportunities to Acquire the Certified Collectibles For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Together, we are committed to grow our brand globally and are excited for the next stage of growth for ZO. trajectory.. 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. To learn more, visit collectiblesgroup.com. Tactical Opportunities - 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. 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. Report: Boost Lab x tbh Skincare Merge to Form York Street Brands. 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. Financial Advisors, visit our dedicated website to learn how you can partner with Blackstone. Enter your e-mail and subscribe to our newsletter. Their most recent investment was on May 18, 2022, when Recurrent Ventures raised $300M. We make investments that traditional investment strategies either dont or cant. For information on our privacy practices see our Privacy Policy. "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. Global nuclear arsenals are expected to grow as states continue - SIPRI the same vision for the future of our company and the global collectibles In 2020, Tac Opps invested in VNET, a leading data center operator serving hyperscale and enterprise customers in the Asia Pacific region. For information on our privacy practices see our Privacy Policy. Blackstone's tactical opportunities division has about $34 billion in assets under management. Chrome Extension. Mark Salzberg, CCGs founder, and Steven R. Eichenbaum, CCGs CEO, will retain a significant minority stake. Capital ("H.I.G."). To receive email alerts from Blackstone, sign up below. USA Authenticated Stamp Guaranty (ASG) and Collectibles Authentication estate items and related collectibles. A Blackstone spokesperson declined to comment. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Johnson & Johnson Announces Kenvue, Inc. IPO Roadshow. Directly lead and manage the Criminal History, Expunctions, Public Counter, Fax Account, and Subpoena Units. 2. Building on Blackstones firmwide conviction in the life sciences industry, Tac Opps invested in Cryoport, a global provider of mission-critical logistics solutions to life sciences companies, especially in the area of cell and gene therapies (CGT). incredible to be a part of this journey as we achieved and then exceeded 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. Search for: *. 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. For CCG 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.
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