While the legislation will continue to morph over the next few years with additional guidelines, there are three things that all beauty companies can do to prepare for whats passedand whats nextwhen it comes to modernizing. Blackstone's investment is subject to the closing of the acquisition of MVE and other customary closing conditions. Founded in 1987, CCG ", Coty x Spatial Launching Coty Campus Metaverse for Employees. "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. Copyright 2023 CDN Publishing, LLC. This team invests globally across asset classes, industries and geographies, seeking to identify and execute on attractive, differentiated investment opportunities. All Rights Reserved. countries. 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. Mark Salzberg, CCG's founder, and Steven R. Eichenbaum, CCG's CEO, will . 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. Windows of opportunity open and close without warning. "We will now have greater resources and tools to help us on our path in becoming the leading global physician-dispensed brand. How is the acquired Organization structured after the acquisition. Blackstones $649 billion in assets under Sunz Holdings is the parent company of Sunz Insurance, a fast-growing national workers . The Blackstone team supports both my vision of delivering healthy skin to all people and the business potential of the company. DE PERE, Wisc. BlackStone Tactical Opportunities acquired a majority stake in ZO Skin Health ZO Skin Health has announced that BlackStone Tactical Opportunities acquired a majority stake in the business; terms of the transaction were not disclosed. 2. For press inquiries, contact[emailprotected]. 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. 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. As part of our thematic work in aerospace and government services, Tac Opps is focused on innovative companies working to deliver breakthrough solutions to the public sector. 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. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. 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. services that add value and liquidity to collectibles. and CCG is a great example. 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. For more information, visit www.cryoport.com or follow @cryoport on Twitter at www.twitter.com/cryoport for live updates. athletes, recording artists, and other leaders across entertainment and 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. Johnson & Johnson Announces Kenvue, Inc. IPO Roadshow. Q1 2023 US Beauty Sales Driven by Lips, Prestige Fragrance, Clinical Skin Care & More, Paula's Choice Launches Beautypedia Skin Care Ingredient Checker, Prada Beauty Brings AI-generated Imagery to Latest Instagram Campaign. In 2019, we invested in ARKA, an advanced technologies company serving the U.S. military, intelligence community and commercial space industry. Our strategy is unconstrained by asset class, industry, sector, security type or geography. We do this by using extraordinary people and flexible capital to help companies solve problems. 2021 Certified Collectibles Group. United States 1944-P Jefferson War Nickel, Croatia Celebrates 30 Years of Independence With Limited Edition Gold and Silver Coin Sets. opportunistic, non-investment grade credit, real assets, and secondary expertise with Blackstones extensive resources. 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 . Sara Moss joined ELC in 2003 as executive vice president and general counsel. Download the Greysheet app for access to pricing, news, events and your subscriptions. Goldman Sachs & Co. LLC acted as exclusive financial advisor to CCG. Follow Blackstone on Twitter @Blackstone. All other names and marks referenced in this release are the trade names, trademarks, or service marks of their respective owners. He previously worked at Bloomberg News, and holds master's degrees in journalism from New York University and Edinburgh Napier University. Golub Capital led the financing for the transaction. trademarks or unregistered trademarks of Numismatic Guaranty Corporation of Switchboard: +1 (212) 583-5000. Switchboard: +1 (212) 583-5000. Individual Investors & Financial Advisors. 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. Today, CCG serves the world of Blackstone Tactical Opportunities is Blackstone's opportunistic investment platform. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. NEW YORK - APRIL 24, 2023 - Blackstone (NYSE: BX) today announced that, upon close of the previously announced transaction through which private equity funds managed by Blackstone ("Blackstone") will acquire a majority stake in Emerson's (NYSE: EMR) Climate Technologies business, Ross B. Shuster will become Chief Executive Officer of . Terms of the deal were not disclosed. Kis digital underwriting and distribution platform provides instant insurance quotes to its clients and significantly improves speed and operating efficiency, setting up Ki to benefit from strong digitalization tailwinds. Capital (H.I.G.). To learn more, visit collectiblesgroup.com. DIBS Beauty's L Catterton Investment will Propel Brick-and-mortar Retail Expansion, Jeff Lee, the brand's CEO and founder, notes, "Our makeup goes where our customers go, and we intend to meet them both across our rapidly expanding digital channels and in brick-and-mortar retailers. assets under management and a strong track record of creating value and a Cryoport, with the addition of MVE will deliver a unique combination of passionate teams with outstanding industry knowledge; industry-leading global client coverage; advanced temperature controlled engineering capabilities; and unparalleled temperature-controlled supply change innovation. For office-specific contact information, please visitour offices page. 518 248 7310 This investment - Post-IPO Equity - Finance of America Companies - was valued at $300M. Our Standards: The Thomson Reuters Trust Principles. Under the agreement, Cryoport will acquire MVE in an all cash transaction valued at $320 million. 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. Follow Blackstone on Twitter @Blackstone. Blackstone Tactical Opportunities Announces Acquisition of Sustana, a Leading Manufacturer of Sustainable Recycled Fiber, Paper and Packaging, Blackstone acquires Sustana Group from HIG Capital, Notizie da AC Ventures, Lowercarbon Capital, Borderless Capital, INVL Asset Management, HIG Capital, Blackstone Tactical Opportunities, Lee Equity Partners. Blackstone Tactical Opportunities Announces Acquisition of Sustana, a Leading Manufacturer of Sustainable Recycled Fiber, Paper and Packaging | Business Wire Blackstone Tactical Opportunities. 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. CCG is a leading provider of expert, impartial and tech-enabled services 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. and Main Street Advisors, a leading investment advisory firm to prominent Sustana Group, comprised of Sustana Fiber and Rolland, is committed to industry-leading product quality, continuous improvement and environmental stewardship by innovating solutions that are better for business, better for the environment and better for society at large. Your identity will be restricted to first name/last initial, or a user ID you create. Este Lauder Companies' Vice Chairman Retiring July 2023. 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. the industry as the collectibles market continues to accelerate and attract 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. Classic Collectible Services (CCS), Certified Sports Guaranty (CSG), Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. the company at more than $500 million. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Follow Blackstone on Twitter @Blackstone. We were one of the earlier investors and have since built world-class platforms, driven by our confidence in the sector's continued growth. offers authentication, grading and conservation services that have unlocked 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. Bri Tarpey 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. The industry leader for online information for tax, accounting and finance professionals. 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. All other names and marks referenced in this release are the Opportunities business (Blackstone) have agreed to acquire a majority 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. Guaranty (CAG). The Tac Opps team invests globally across asset classes,. Authenticated Stamp Guaranty (ASG) and Collectibles Authentication (NCS), Paper Money Guaranty (PMG), Certified Guaranty Company (CGC), 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. These investments are differentiated and seek to deliver portfolios with less correlation and lower volatility. Clea.Bourgeois@edelman.com For office-specific contact information, please visit our our offices page. 236[emailprotected]. forefront of the fast-growing global collectibles industry with offices on New exclusive episodes will be released each month through August on e.l.f.s social channels, including YouTube, Instagram and TikTok. Under the terms of its investment, Blackstone will purchase $250 million of a newly designated Perpetual 4% Series C Convertible Preferred stock of the Company, with a purchase price of $1,000 per share, and $25 million ofcommon stock of the Company. acquiring new technologies and developing its digital presence. Weil, Gotshal & Manges acted as lead legal advisor to Blackstone. TD Securities served as financial advisor to Blackstone, and Weil, Gotshal & Manges; Davies Ward PhillIps & Vineberg; and Simpson Thacher & Bartlett LLP served as legal advisors. 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). Duane Morris acted as legal advisor to CCG. 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. Blackstone is one of the world's leading investment firms. Blackstone (NYSE:BX) announced today that funds managed by its Tactical A dial-in replay of the call will also be available, to those interested, until September 1, 2020. Tactical Opportunities (Tac Opps) is Blackstone's opportunistic investment 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. Headquartered in De Pere, Wisconsin, Sustana Group, which comprises Sustana Fiber and Rolland, uses post-consumer . 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. Blackstone does this by using extraordinary people and flexible capital to help companies solve problems. Carlyle is one of the world's largest and most diversified global investment firms, with $373 billion of assets under management across 3 business segments and 543 investment vehicles. Matt Anderson By selecting the relevant option, you certify that it accurately reflects your residency. Secrets of the Rare Coin & Bullion Business. The Tac Opps team invests globally across asset classes, industries and geographies, seeking to identify and execute on attractive, differentiated investment opportunities. In 2020, Tac Opps made an investment in Diligent, a leading governance, risk and compliance (GRC) SaaS provider. serve. Blackstone does this by using extraordinary people and flexible capital to Janell Armstrong, Marketing Coordinator Since 1987, the CCG companies have certified more than 60 million coins, banknotes, comic books, trading cards, sports cards, stamps, estate items and related collectibles. 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. Sustana Group is the manufacture of sustainably produced, premium recycled fiber and paper, utilizing post-consumer material. Today, CCG sits at the forefront of the fast-growing global collectibles industry with offices on three continents, robust digital offerings and comprehensive certification services for collectibles. Further information is available at www.blackstone.com. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. Further information is available at www.blackstone.com. these goals. trusted by collectors, dealers and investors around the world.
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