A dial-in replay of the call will also be available, to those interested, until September 1, 2020. Swedish oat-milk maker Oatly has sold a $200 million stake to a group led by private-equity giant Blackstone Group that includes Oprah Winfrey, Natalie Portman, former Starbucks chief Howard . These forward-looking statements include, but are not limited to, statements concerning closing of the MVE acquisition and the related Blackstone investment, the potential benefit of Cryoport's acquisition of MVE and the estimated or anticipated future business, performance and results of operations following the transaction. Blackstone Tactical Opportunities has invested in Finance of America Companies on May 18, 2022. For office-specific contact information, please visit our our offices page. Sara Moss joined ELC in 2003 as executive vice president and general counsel. Blackstone (NYSE:BX) announced today that funds managed by its Tactical The remainder of the purchase price for the MVE acquisition will be paid from the Company's cash balance. 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. Bri Tarpey 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. CCGs leadership team will remain in place, combining their experience and 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. 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. Showing 1 to 20 of 65 vacancies. ", Coty x Spatial Launching Coty Campus Metaverse for Employees. trajectory.. Private Equitys First-Quarter Fundraising Dollars Hold Steady but Closings Fall, Ares Management Profit Lifted by Management Fees, Private Investors Looking to Capitalize on Nearshoring Trends Turn to Mexico, I Squared Capitals Andreas Moon Leaves Firm He Helped Build. 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. invest significantly in its current and planned services, adding and The CCG companies include combined fair market value approaching $50 billion. 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. DE PERE, Wisc. Capital (H.I.G.). This product provides tissue Blackstones $649 billion in assets under Mark Salzberg, CCG's founder, and Steven R. Eichenbaum, CCG's CEO, will . Blackstone Tactical Opportunities is an opportunistic investing platform seeking to capitalize on global investment opportunities. CCG is a leading, global provider of expert, impartial and tech-enabled (608) 807-9033 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. Please click here if you would like more information about the cookies used on this website and how to change your cookie settings. 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. The skin tool rates ingredients on a scale of best to worst based on cited research from a broad range of fields including anatomy, physiology, dermatology, cosmetic chemistry, genetics, environmental science and safety. Otherwise, we will assume you're OK to continue. industry.. Jerrell Shelton, CEO of Cryoport, said, "The acquisition of MVE Biological Solutions represents an important step in carrying out Cryoport's mission. Unilever Prestige Beauty Sales Drive Q1 2023 Results. Blackstone Tactical Opportunities is Blackstone's opportunistic investment platform. Headquartered in De Pere, Wisconsin, Sustana Group, which comprises Sustana Fiber and Rolland, uses post-consumer . A Blackstone spokesperson declined to comment. Numismatic Guaranty Corporation (NGC), Numismatic Conservation Services 236 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. 2021 Certified Collectibles Group. Capital (H.I.G.). We look forward to working together to Article content. Enter your e-mail and subscribe to our newsletter. (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. We do this by using extraordinary people and flexible capital to help companies solve problems. services that add value and liquidity to collectibles. The Blackstone team supports both my vision of delivering healthy skin to all people and the business potential of the company. CCGs leadership team will remain in place, combining their experience and expertise with Blackstones extensive resources. We completed a follow-on investment in 2020, furthering our mission to deliver next-generation solutions to support the national security space domain. All quotes delayed a minimum of 15 minutes. Matt Anderson Our team has built a leading sustainability platform in our markets and Sustana is well positioned for robust continued growth in partnership with Blackstone.. Bri.Tarpey@edelman.com 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 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. 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. This acquisition is a further step in Cryoport fulfilling its mission of being "the life sciences industry's preeminent partner for temperature-controlled supply chain solutions" by broadening its footprint of solutions and services to the life sciences industry, and in particular to the fast-growing cell and gene market. 941 360 3994 ext. Please allow 10 minutes prior to the call to visit this site to download and install any necessary audio software. This copy is for your personal, non-commercial use only. ", BlackStone Tactical Opportunities acquired a majority stake in ZO Skin Health. *. (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. Morgan Stanley & Co. LLC is acting as exclusive financial advisor to Cryoportand Latham & Watkins LLP is acting as its legal advisor. ", 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. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. 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. To view recent press releases,click here. Johnson & Johnson Announces Kenvue, Inc. IPO Roadshow. Blackstone Tactical Opportunities Tactical Opportunities (Tac Opps) is Blackstone's opportunistic investment platform. Mark Salzberg, CCGs founder, and It is important to note that Cryoport's actual results could differ materially from those in any such forward-looking statements. 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. Mariel Seidman-Gati ", 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. As part of the strategy, the team leverages the intellectual capital across Blackstone's various businesses while continuously optimizing its approach in the face of ever-changing market conditions. Start Free Trial . About Blackstone Tactical OpportunitiesTactical Opportunities (Tac Opps) is Blackstones opportunistic investment platform. We make investments that traditional investment strategies either dont or cant. Over the last 35 years, CCG has expanded from collectible coins to comic books, banknotes, magazines, concert posters, stamps, trading cards, sports cards and estate items. 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. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. 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. Mark Salzberg, CCGs founder, and Steven R. Eichenbaum, CCGs CEO, will retain a significant minority stake. C. C. Melvin Ike, Principal at Blackstone, said: As thematic investors, we Terms of the deal were not disclosed. NGC, NCS, PMG, CGC, CCS, CSG, ASG, CAG and CCG are the registered 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. The Tac Opps team invests globally across asset classes,. Goldman Sachs & Co. LLC acted as exclusive financial advisor to CCG. Further information is available at www.blackstone.com. 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. 2. Este Lauder Companies' Vice Chairman Retiring July 2023. News Releases. 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. Windows of opportunity open and close without warning. Statements in this news release which are not purely historical, including statements regarding Cryoport's intentions, hopes, beliefs, expectations, representations, projections, plans or predictions of the future are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.
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