RTTNews | Jul 1, 2021 10:12AM EDT

10:11 Thursday, July 1, 2021 (RTTNews.com) - Blackstone (BX) said that funds managed by its Tactical Opportunities business have agreed to acquire a majority stake in the Certified Collectibles Group or CCG in a transaction valuing the company at more than $500 million.

Mark Salzberg, CCG's founder, and Steven Eichenbaum, CCG's CEO, will retain a significant minority stake.

CCG is a 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.

Read the original article on RTTNews ( https://www.rttnews.com/3206490/blackstone-to-buy-majority-stake-in-certified-collectibles-in-500-mln-deal.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved