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. We are effectively a joint venture across Blackstones business units. Blackstone Tactical Opportunities is Blackstone's opportunistic investment platform. A Blackstone spokesperson declined to comment. 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. 100% recycled fiber for use in direct food contact packaging. 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. We provide opportunistic capital, timely investing decisions and differentiated solutions. Contact: 332-999-6154. Sign up to receive financial updates and information. 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. This team invests globally across asset classes, industries and geographies, seeking to identify and execute on attractive, differentiated investment opportunities. Individual Investors & Financial Advisors. 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. In 2020, Tac Opps invested in VNET, a leading data center operator serving hyperscale and enterprise customers in the Asia Pacific region. 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. To view recent press releases,click here. 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. Since 1987, the CCG companies have certified more than 60 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 plus an additional $10 million to be paid over two years. [email protected] items. Blackstone Tactical Opportunities to Acquire NGC and Certified 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. This copy is for your personal, non-commercial use only. forefront of the fast-growing global collectibles industry with offices on 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. (NCS), Paper Money Guaranty (PMG), Certified Guaranty Company (CGC), [email protected]. Blackstone Acquires Majority Stake in ZO Skin Health 236 for the transaction. By selecting the relevant option, you certify that it accurately reflects your residency. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. platform. Our Standards: The Thomson Reuters Trust Principles. As a regional leader, we believe VNET is well positioned to help meet this growing demand. countries. He previously worked at Bloomberg News, and holds master's degrees in journalism from New York University and Edinburgh Napier University. Further information is available at www.blackstone.com. Johnson & Johnson debuted the new consumer health company in October 2022. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. (518) 248-7310 Blackstone's Tactical Opportunities Group to Acquire Philadelphia - WSJ 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. Blackstone Tactical Opportunities - Investments, Portfolio & Company Exits ", 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. 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. To view recent press releases, click here. The Tac Opps team invests globally across asset classes, industries and geographies, seeking to identify. expertise with Blackstones extensive resources. Guaranty (CAG). 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. For more information visit: https://www.sustanagroup.com/, For Blackstone: We have been closely following the rise of the Certainty. Duane Morris acted as legal advisor to CCG. For press inquiries, contact [emailprotected]. Switchboard:+1 (212) 583-5000. Mark Salzberg, CCGs founder, and Steven R. Eichenbaum, CCGs CEO, will retain a significant minority stake. Search for: *. See here for a complete list of exchanges and delays. CCGs leadership team will remain in place, combining their experience and expertise with Blackstones extensive resources. 2023 CoinWeek DISCLAIMER: All content within CoinWeek.com is presented for informational purposes only, with no guarantee of accuracy. 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. [email protected] Tactical Opportunities (Tac Opps) is Blackstone's opportunistic investment platform. Our asset management businesses, with $564 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. 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. Together, Cryoport and MVE Biological Solutions offer a unique combination of industry knowledge, client coverage, engineering and innovation. Report: Boost Lab x tbh Skincare Merge to Form York Street Brands. Your identity will be restricted to first name/last initial, or a user ID you create. 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. Oat-Milk Company Oatly Draws Investment From Blackstone-Led Group 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. 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. CCG is a leading, global provider of expert, impartial and tech-enabled 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. Supply Chain. 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.. Financial Advisors, visit our dedicated website to learn how you can partner with Blackstone. global physical and digital collectibles industry for several years and we Classic Collectible Services (CCS), Certified Sports Guaranty (CSG), 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. 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." incredible to be a part of this journey as we achieved and then exceeded Capital ("H.I.G."). This copy is for your personal, non-commercial use only. estate, public debt and equity, life sciences, growth equity, See here for a complete list of exchanges and delays. Global nuclear arsenals are expected to grow as states continue - SIPRI Blackstone is the worlds largest alternative asset manager. Blackstone Tactical Opportunities Announces Acquisition of Sustana, a C. C. Melvin Ike, Principal at Blackstone, said: As thematic investors, we All rights reserved. Founded in 1987 in Washington, DC, our global team today is comprised of more than 2,100 professionals operating in 29 offices across 5 continents . 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. 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. Search Crunchbase. These investments are differentiated and seek to deliver portfolios with less correlation and lower volatility. Follow Blackstone on Twitter @Blackstone. Opportunities business (Blackstone) have agreed to acquire a majority Jay-Z, Blackstone Acquire CGC Parent Certified Collectibles Group Sara Moss joined ELC in 2003 as executive vice president and general counsel. 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.". visit collectiblesgroup.com. 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). Johnson & Johnson Announces Kenvue, Inc. IPO Roadshow. Cosmetics Debuts Digital Series 'Vanity Table Talk'. 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 versatility to invest in a range of assets, people familiar with the matter told Reuters. Blackstone-owned lender and servicer Finance of America - HousingWire In 2019, we invested in ARKA, an advanced technologies company serving the U.S. military, intelligence community and commercial space industry. Start Free Trial . Blackstone ( NYSE:BX) announced today that funds managed by its Tactical Opportunities business have agreed to acquire a majority stake in the Certified Collectibles Group (CCG) in a transaction . 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. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. For office-specific contact information, please visitour offices page.
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