We do this by using extraordinary people and flexible capital to help companies solve problems. Together, Cryoport and MVE Biological Solutions offer a unique combination of industry knowledge, client coverage, engineering and innovation. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. 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. 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. Sustana Group is the manufacture of sustainably produced, premium recycled fiber and paper, utilizing post-consumer material. (Stockholm, 13 June 2022) The Stockholm International Peace Research Institute (SIPRI) today launches the findings of SIPRI Yearbook 2022, which assesses the current state of armaments, disarmament and international security.A key finding is that despite a marginal decrease in the number of nuclear warheads in 2021, nuclear arsenals are expected to grow over the coming decade. offers authentication, grading and conservation services that have unlocked 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. It has been To access the replay, dial +1 844-512-2921 (United States) or +1 412-317-6671 (International) and enter replay pin number: 10010868. All other names and marks referenced in this release are the 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. Previously:3 Emerging Trends in the Post-COVID World of Skin Care. 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. 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 To view recent press releases,click here. A Blackstone spokesperson declined to comment. Blackstone is the worlds largest alternative asset manager. 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. visit collectiblesgroup.com. global physical and digital collectibles industry for several years and we 2021 Certified Collectibles Group. A global investment firm with $584 billion in assets under management has put a major vote of confidence in one area firm. Chrome Extension. 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. We do this by using extraordinary people and flexible capital to help companies solve problems. 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. See here for a complete list of exchanges and delays. CCG has expanded from collectible coins to comic books, banknotes, Rubin, founder and executive chairman of Fanatics; SC.Holdings, a growth Capital (H.I.G.). 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. serve. Portions of this site are directed only to persons in certain jurisdictions. incredible to be a part of this journey as we achieved and then exceeded Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Duane Morris acted as legal advisor to CCG. Canada In 2020, Tac Opps invested in Ki, the first fully digital and algorithmically driven insurance underwriter in the Lloyds of London market. The Tac Opps team invests globally across asset classes, For office-specific contact information, please visit our our offices page. 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. To receive email alerts from Blackstone, sign up below. Blackstone does this by using extraordinary people and flexible capital to trademarks or unregistered trademarks of Numismatic Guaranty Corporation of Since 1987, the CCG companies have certified more than 60 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. ", Coty x Spatial Launching Coty Campus Metaverse for Employees. USA 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. Mariel Seidman-Gati Blackstones $649 billion in assets under We are effectively a joint venture across Blackstones business units. The Tac Opps team invests globally across asset classes,. "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. He previously worked at Bloomberg News, and holds master's degrees in journalism from New York University and Edinburgh Napier University. create positive economic impact and long-term value for investors, the Today, CCG sits at the forefront of the fast-growing global collectibles industry with offices on three continents, robust digital offerings and comprehensive certification services for collectibles. 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.". To view recent press releases,click here. Capital. 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. these goals. differentiated investment opportunities. 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 information on our privacy practices see our Privacy Policy. 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. 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. Certainty. stake in the Certified Collectibles Group (CCG) in a transaction valuing 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. 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. Blackstone does this by using extraordinary people and flexible capital to help companies solve problems. Blackstone's tactical opportunities division has about $34 billion in assets under management. Sign up to receive financial updates and information. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. "We can now far better understand the biological pathways that drive the behavior of cells", e.l.f. By submitting this request, you consent to receive email from Blackstone. Blackstone Tactical Opportunities is Blackstone's opportunistic investment platform. collectibles online and at its offices in Sarasota, Florida; London, 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. Follow Blackstone on Twitter @Blackstone. services for collectibles. 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. For press inquiries, contact [emailprotected]. expertise with Blackstones extensive resources. 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 more information, visit www.cryoport.com or follow @cryoport on Twitter at www.twitter.com/cryoport for live updates. Tactical Opportunities - Blackstone Tactical Opportunities We provide opportunistic capital, timely investing decisions and differentiated solutions. SARASOTA, FLA. (July 1, 2021) For office-specific contact information, please visit our our offices page. the company at more than $500 million. Opportunities business (Blackstone) have agreed to acquire a majority CCG is a leading provider of expert, impartial and tech-enabled services "We are thrilled to partner with ZO, Dr. Zein Obagi and the management team to continue to serve patients. matthew.anderson@blackstone.com To learn more, visit collectiblesgroup.com. 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. Contact:For BlackstoneMatt Anderson518-248-7310[emailprotected], For CCGJanell Armstrong, Marketing Coordinator941.360.3990 ext. OR This product is an exceptionally clean recycled sheet that requires minimal refining. Tactical Opportunities is Blackstone's platform investing globally across asset classes, industries and geographies, seeking to identify and execute on attractive, differentiated investment. CoinWeek does not buy or sell coins or numismatic material and No endorsement or affiliation to or from CoinWeek.com is made. 'Investor Relations' section at www.cryoport.com or at this link. million coins, banknotes, comic books, trading cards, sports cards, stamps, Follow Blackstone on Twitter @Blackstone. All other names and marks referenced in this release are the trade names, trademarks, or service marks of their respective owners. Report: Boost Lab x tbh Skincare Merge to Form York Street Brands. management include investment vehicles focused on private equity, real 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. Johnson & Johnson Announces Kenvue, Inc. IPO Roadshow. Blackstone's investment is subject to the closing of the acquisition of MVE and other customary closing conditions. Under the terms of its investment, Blackstone will purchase $250 million of a newly designated Perpetual 4% Series C Convertible Preferred stock of the Company, with a purchase price of $1,000 per share, and $25 million ofcommon stock of the Company. Weil, Gotshal & Manges acted as lead legal advisor to Blackstone. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. 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. 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. Founded in 1987, CCG offers authentication, grading and conservation services that have unlocked billions of dollars in secondary market value. Terms of the deal were not disclosed. For more information visit: https://www.sustanagroup.com/, For Blackstone: Secrets of the Rare Coin & Bullion Business. 236[emailprotected]. Note: All figures as of March 31, 2023, unless otherwise indicated. 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. This copy is for your personal, non-commercial use only. Este Lauder Companies' Vice Chairman Retiring July 2023. phase of growth for CCG and the collectibles market., We are thrilled to be partnering with Blackstone during this key point in 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. Chibuike reports on mostly large U.S.-based private equity firms, including Blackstone, KKR, Carlyle, and Apollo. new collectors and investors, added Steven R. Eichenbaum, CEO at CCG. Together, we are committed to grow our brand globally and are excited for the next stage of growth for ZO. Start Free Trial . As a regional leader, we believe VNET is well positioned to help meet this growing demand. Cosmetics Debuts Digital Series 'Vanity Table Talk'. As a Cryoport company, MVE will expand Cryoport's role in the cell and gene therapy supply chain ecosystem, a business that is forecasted to grow 30% to 40% per year, and further enhance Cryoport's position as a leading player in the supply of cryogenic solutions for the life sciences industry. For information on our privacy practices see our Privacy Policy. To fund the acquisition, Cryoport is receiving a $275 million investment from funds managed by Blackstone Tactical Opportunities (NYSE: BX) ("Blackstone").

Draw Horizontal Line Pine Script, Articles B