Oddity's Revela Acquisition Scales Up AI Beauty Ingredients for D2C Launches, Advances in computation and molecular biology have ushered in a new era of discovery and development," said Evan Zhao, Ph.D., Revela co-founder and CEO. forefront of the fast-growing global collectibles industry with offices on We were one of the earlier investors and have since built world-class platforms, driven by our confidence in the sector's continued growth. 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. Blackstone Tactical Opportunities acquires Sustana Group on 2021-12-01 for an undisclosed amount. We make investments that traditional investment strategies either dont or cant. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Our team has built a leading sustainability platform in our markets and Sustana is well positioned for robust continued growth in partnership with Blackstone.. OR 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. 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. ", Coty x Spatial Launching Coty Campus Metaverse for Employees. ", On behalf of ZOs management team, we are thrilled to work with Dr. Zein Obagi and our new partner in Blackstone,"said president and CEO at ZO Skin Health, Mark Williams. 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. and Main Street Advisors, a leading investment advisory firm to prominent Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. 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. Este Lauder Companies' Vice Chairman Retiring July 2023. CCGs leadership team will remain in place, combining their experience and "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. For press inquiries, contact [emailprotected]. 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. Coty Campus integrates tools such as text and vocal chat discussions, screen-and-filesharing and customizable avatars. Are You Putting A Great Oil Product In A Leaking Bottle? 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. "We can now far better understand the biological pathways that drive the behavior of cells", e.l.f. Mark Salzberg, CCGs founder, and Steven R. Eichenbaum, CCGs CEO, will retain a significant minority stake. I am excited to join with Blackstone as we enter the next Today, CCG sits at the Our team has built the leading sustainability platform in our markets and Sustana is well positioned for robust continued growth in partnership with Blackstone.. Showing 1 to 20 of 65 vacancies. 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. 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. Otherwise, we will assume you're OK to continue. 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. Since 1987, the CCG companies have certified more than 60 The $6.7 billion Blackstone Tactical Opportunities Fund II and the Tactical Opportunities Fund III, which raised $4.09 billion, had generated a net internal rate of return of 14.1% and 11.7%, respectively, as of June last year, according to the California Public Employees' Retirement System. This team invests globally across asset classes, industries and geographies, seeking to identify and execute on attractive, differentiated investment opportunities. "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. *. To receive email alerts from Blackstone, sign up below. were drawn to CCG because of their leadership role in the categories that Our Firm. We completed a follow-on investment in 2020, furthering our mission to deliver next-generation solutions to support the national security space domain. C. C. Melvin Ike, Principal at Blackstone, said: As thematic investors, we Sustana Group is the manufacture of sustainably produced, premium recycled fiber and paper, utilizing post-consumer material. 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. Chibuike reports on mostly large U.S.-based private equity firms, including Blackstone, KKR, Carlyle, and Apollo. estate, public debt and equity, life sciences, growth equity, Individual Investors & Financial Advisors. jarmstrong@collectiblesgroup.com. Portions of this site are directed only to persons in certain jurisdictions. three continents, robust digital offerings and comprehensive certification The unit is run by David Blitzer, who is an avid investor in sports teams, including English soccer club Crystal Palace, the New Jersey Devils of the U.S. hockey league, and the National Basketball Association's Philadelphia 76ers. Start Free Trial . Copyright 2023 CDN Publishing, LLC. England; Munich, Germany; and Shanghai and Hong Kong, China. Download the Greysheet app for access to pricing, news, events and your subscriptions. Follow Blackstone on Twitter @Blackstone. create positive economic impact and long-term value for investors, the Johnson & Johnson Announces Kenvue, Inc. IPO Roadshow. 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. 2021 Certified Collectibles Group. visit collectiblesgroup.com. Blackstone is the worlds largest alternative asset manager. 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. To view recent press releases, click here. 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. The Tac Opps team invests globally across asset classes,. Directly lead and manage the Criminal History, Expunctions, Public Counter, Fax Account, and Subpoena Units. Continuing on our global thematic focus on the data center space, our thesis for this investment was based on the impact of an explosion in consumer data usage on demand for wholesale data centers, particularly in this underpenetrated but rapidly growing market. In 2020, Tac Opps made an investment in Diligent, a leading governance, risk and compliance (GRC) SaaS provider. Our strategy is unconstrained by asset class, industry, sector, security type or geography. ", 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. Classic Collectible Services (CCS), Certified Sports Guaranty (CSG), Goldman Sachs & Co. LLC acted as exclusive financial advisor to CCG. About Blackstone and Blackstone Tactical Opportunities. 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. The Tac Opps team invests globally across asset classes, industries and geographies, seeking to identify and execute on attractive, differentiated investment opportunities. 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. help the company continue and even accelerate its impressive growth This copy is for your personal, non-commercial use only. magazines, concert posters, stamps, trading cards, sports cards and estate To access the replay, dial +1 844-512-2921 (United States) or +1 412-317-6671 (International) and enter replay pin number: 10010868. The companys cutting-edge platform, which enables greater connectivity, accountability and insights from across the organization up to the C-suite and board, is trusted by businesses worldwide including many of Blackstones own portfolio companies. items. Capital ("H.I.G."). Our $731 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. 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. Exclusive news, data and analytics for financial market professionals, Reporting by Chibuike Oguh in New York; Editing by Stephen Coates, First Republic collapse sparks regional bank shares sell-off, JPMorgan wins government auction to buy seized First Republic Bank, Ford's Kentucky Truck Plant road-tests a new quality strategy, Lordstown shares plunge 48% as investor Foxconn alleges agreement breach. 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. 2. 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. 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. Blackstone (NYSE:BX) announced today that funds managed by its Tactical 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. (514) 895-6193, Internet Explorer presents a security risk. Guaranty (CAG). New exclusive episodes will be released each month through August on e.l.f.s social channels, including YouTube, Instagram and TikTok. Blackstone does this by using extraordinary people and flexible capital to 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. Tactical Opportunities (Tac Opps) is Blackstone's opportunistic investment platform.
?>
blackstone tactical opportunities acquires