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JAY-Z Certified Collectibles Group Investment


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JAY-Z is once again expanding his business portfolio and this time, he is hopping onto the ever-growing trend of the collectible market. His company, Roc Nation has recently invested in Blackstone’s majority stake acquisition in Certified Collectibles Group.
Certified Collectibles Group (CCG) is a company that focuses on authenticating collectibles such as trading cards, comic books, magazines, stamps, banknotes and many more. The $500 million USD transaction saw additional investors such as Fanatics founder Michael Rubin, NBA guard Andre Iguodala and Philadelphia 76ers basketball operations president Dary Morey join in the funding round.
Bloomberg, which calls Blackstone the “world’s largest alternative investment firm,” reportedly saw the company’s share rise 0.3 percent last week after the funding round. Blackstone’s acquisition of CCG is also expected to help the company increase its “digital presence add employees and branch CCG ....

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Blackstone Tactical Opportunities to Acquire NGC and Certified Collectibles Group


Blackstone Tactical Opportunities to Acquire NGC and Certified Collectibles Group
Tactical Opportunities business have agreed to acquire a majority stake in the
Certified Collectibles Group (CCG) in a transaction valuing the company at more than $500 million USD.
Mark Salzberg, CCG’s founder, and
Steven R. Eichenbaum, CCG’s CEO, will retain a significant minority stake. Additional investors in today’s transaction include
Roc Nation;
Fanatics;
Mastry, founded by
Philadelphia 76ers; and
Main Street Advisors, a leading investment advisory firm to prominent athletes, recording artists, and other leaders across entertainment and business.
CCG is a leading, global provider of expert, impartial and tech-enabled services that add value and liquidity to collectibles. Founded in 1987, CCG offers authentication, grading, and conservation services that have unlocked billions of dollars in secondary market value. Today, CCG sits at the foref ....

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