the company at more than $500 million. Blackstone's investment is subject to the closing of the acquisition of MVE and other customary closing conditions. Tactical Opportunities - Blackstone Tactical Opportunities We provide opportunistic capital, timely investing decisions and differentiated solutions. Ross B. Shuster to Join as CEO of Standalone Climate Technologies mariel.seidmangati@blackstone.com Mark Salzberg, founder of CCG, said: When I established CCG, I had a 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. Further information is available at www.blackstone.com. Further information is available at www.blackstone.com. Please click here if you would like more information about the cookies used on this website and how to change your cookie settings. Switchboard:+1 (212) 583-5000. Furthermore, it is the continuation of Cryoport's drive in further developing the highest quality, most reliable and comprehensive temperature-controlled supply chain company supporting the life sciences industry. trajectory.. and CCG is a great example. 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. 3 Ways Beauty Companies Can Prepare for MoCRA. 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. 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. We do this by using extraordinary people and flexible capital to help companies solve problems. trusted by collectors, dealers and investors around the world. For CCG Guaranty (CAG). Blackstone Tactical Opportunities to Acquire the Certified Collectibles Blackstone Tactical Opportunities is an opportunistic investing platform seeking to capitalize on global investment opportunities. 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. assets under management and a strong track record of creating value and a We do this by using extraordinary people and flexible capital to help companies solve problems. services for collectibles. services that add value and liquidity to collectibles. The Tac Opps team invests globally across asset classes, industries and geographies, seeking to identify and execute on attractive, differentiated investment opportunities. 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. Secrets of the Rare Coin & Bullion Business. 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. 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. CCGs leadership team will remain in place, combining their experience and expertise with Blackstones extensive resources. 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. Prominent fund invests in area insurance firm | Business Observer is one of the worlds leading investment firms with nearly $650 billion in 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." (917) 698-1674 Blackstone Tactical Opportunities Announces Acquisition of Sustana, a Blackstone Announces Investment in Hotwire Communications in For press inquiries, contact [emailprotected]. 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. Blackstone is one of the worlds leading investment firms and seeks to Contact: 332-999-6154. To learn more, visit collectiblesgroup.com. 'Investor Relations' section at www.cryoport.com or at this link. equity platform; Mastry, founded by Rudy Cline-Thomas; Andre Iguodala; Blackstone-owned lender and servicer Finance of America - HousingWire For office-specific contact information, please visitour offices page. Educational Consultant - EMC Education Group, LLC - LinkedIn Enter your e-mail and subscribe to our newsletter. https://www.wsj.com/articles/DJFLBO0120141029eaatinmtl. Goldman Sachs & Co. LLC acted as exclusive financial advisor to CCG. For Blackstone Bri Tarpey Under the agreement, Cryoport will acquire MVE in an all cash transaction valued at $320 million. This copy is for your personal, non-commercial use only. Sustana Group is proud to provide a comprehensive, sustainable pulp and paper solution for customers throughout North America. 2023 Allured Business Media. Sign up to receive financial updates and information. To access the replay, dial +1 844-512-2921 (United States) or +1 412-317-6671 (International) and enter replay pin number: 10010868. This product provides tissue 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. 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. Science. Follow Blackstone on Twitter @Blackstone. Golub Capital led the financing Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. America, and/or its related companies in the United States and/or other 236[emailprotected]. Supply Chain. 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. Whether in times of stability or volatility, in good markets or in bad, there are always strategic opportunities for those with the skills and talent to see what others dont. magazines, concert posters, stamps, trading cards, sports cards and estate It has also acquired packaging products firm Sustana Group and ZO Skin Health, a California-based cosmetics company. 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. offers authentication, grading and conservation services that have unlocked Further information is available at www.blackstone.com. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Copyright 2023 CDN Publishing, LLC. Blackstone to Acquire CCG | CoinNews Authenticated Stamp Guaranty (ASG) and Collectibles Authentication Goldman, Sachs & Co. is acting as exclusive financial advisor to Blackstone and Simpson Thacher & Bartlett LLP is acting as its legal advisor. By selecting the relevant option, you certify that it accurately reflects your residency. 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.
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