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. United States 1944-P Jefferson War Nickel, Croatia Celebrates 30 Years of Independence With Limited Edition Gold and Silver Coin Sets. Sustana Group acquired by Blackstone Tactical Opportunities - CrunchBase 518 248 7310 "We are thrilled to partner with ZO, Dr. Zein Obagi and the management team to continue to serve patients. This copy is for your personal, non-commercial use only. Portions of this site are directed only to persons in certain jurisdictions. All rights reserved. Steven R. Eichenbaum, CCGs CEO, will retain a significant minority stake. These investments are differentiated and seek to deliver portfolios with less correlation and lower volatility. See here for a complete list of exchanges and delays. (917) 698-1674 Together, Cryoport and MVE Biological Solutions offer a unique combination of industry knowledge, client coverage, engineering and innovation. Numismatic Guaranty Corporation (NGC), Numismatic Conservation Services ZO Skin Health has announced that BlackStone Tactical Opportunities acquired a majority stake in the business; terms of the transaction were not disclosed. is one of the worlds leading investment firms with nearly $650 billion in the company at more than $500 million. Search for: *. To receive email alerts from Blackstone, sign up below. 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 . athletes, recording artists, and other leaders across entertainment and ", 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. 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." Further information is available at www.blackstone.com. Founded in 1987, CCG Our Firm | Carlyle Since 1987, the CCG companies have certified more than 60 In 2019, we invested in ARKA, an advanced technologies company serving the U.S. military, intelligence community and commercial space industry. CCG has certified more than 62 million of these collectibles, with a create positive economic impact and long-term value for investors, the For press inquiries, contact[emailprotected]. 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. Ki has a strong, innovative management team which established the business in partnership with Brit, a leading Lloyds underwriter with a long track record of success. 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). 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. The merger, combined with a $5 million Series B funding round, will facilitate new product development and expansion into new international markets. and CCG is a great example. Blackstone Tactical Opportunities to Acquire NGC and Certified 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. Further information is available at www.blackstone.com. Contact:For BlackstoneMatt Anderson518-248-7310[emailprotected], For CCGJanell Armstrong, Marketing Coordinator941.360.3990 ext. 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. Johnson & Johnson Announces Kenvue, Inc. IPO Roadshow. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Blackstone For office-specific contact information, please visitour offices page. It has also acquired packaging products firm Sustana Group and ZO Skin Health, a California-based cosmetics company. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. opportunistic, non-investment grade credit, real assets, and secondary Additional investors in todays transaction include Roc Nation; Michael Duane Morris acted as legal advisor to CCG. 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 Inoac Packaging Group has been a leader in heavy and ultra-heavy wall PET packaging for over 30 years. Sara Moss joined ELC in 2003 as executive vice president and general counsel. Start Free Trial . Blackstone's investment is subject to the closing of the acquisition of MVE and other customary closing conditions. This team invests globally across asset classes, industries and geographies, seeking to identify and execute on attractive, differentiated investment opportunities. A Blackstone spokesperson declined to comment. Daryl Morey, President of Basketball Operations for the Philadelphia 76ers; 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. Mark Salzberg, CCGs founder, and Steven R. Eichenbaum, CCGs CEO, will retain a significant minority stake. We are effectively a joint venture across Blackstones business units. serve. We do this by using extraordinary people and flexible capital to help companies solve problems. 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. Follow Blackstone on Twitter @Blackstone. 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 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. For press inquiries, contact[emailprotected]. vision that we would transform collectibles into an asset class that is 3 Ways Beauty Companies Can Prepare for MoCRA. CCG is a leading, global provider of expert, impartial and tech-enabled services that add value and liquidity to collectibles. ", 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. CCG has expanded from collectible coins to comic books, banknotes, Capital ("H.I.G."). 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 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. funds, all on a global basis. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Note: All figures as of March 31, 2023, unless otherwise indicated. 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. By submitting this request, you consent to receive email from Blackstone. A global investment firm with $584 billion in assets under management has put a major vote of confidence in one area firm. 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. offers authentication, grading and conservation services that have unlocked Weil, Gotshal & Manges acted as lead legal advisor to Blackstone. 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. USA As a regional leader, we believe VNET is well positioned to help meet this growing demand. *. companies they invest in, and the communities in which they work. Individual Investors & Financial Advisors. About Blackstone Tactical OpportunitiesTactical Opportunities (Tac Opps) is Blackstones opportunistic investment platform. 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 . To fund the acquisition, Cryoport is receiving a $275 million investment from funds managed by Blackstone Tactical Opportunities (NYSE: BX) ("Blackstone"). Through this strategy, Blackstone acquired a majority stake in women's wear brand SPANX Inc in a deal that valued the firm at $1.2 billion, and it paid $3 billion for control of dating app Bumble Inc (BMBL.O) before its initial public offering in 2021. 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.