Jump to content
  • The above Banner is a Sponsored Banner.

    Upgrade to Premium Membership to remove this Banner & All Google Ads. For full list of Premium Member benefits Click HERE.

  • Join The Silver Forum

    The Silver Forum is one of the largest and best loved silver and gold precious metals forums in the world, established since 2014. Join today for FREE! Browse the sponsor's topics (hidden to guests) for special deals and offers, check out the bargains in the members trade section and join in with our community reacting and commenting on topic posts. If you have any questions whatsoever about precious metals collecting and investing please join and start a topic and we will be here to help with our knowledge :) happy stacking/collecting. 21,000+ forum members and 1 million+ forum posts. For the latest up to date stats please see the stats in the right sidebar when browsing from desktop. Sign up for FREE to view the forum with reduced ads. 

NGC sold to Blackrock


ady

Recommended Posts

7 minutes ago, ady said:

Never been interested in grading myself, but will Blackstone acquisition end up compromising the grading system?

Good question.   I did receive an email about the M&A from NGC.  Please see below for the email I received (cut and paste).

 

A Letter from CCG’s Mark Salzberg and Steven R. Eichenbaum

Dear friends,

We are excited to share some big news with you.

For decades, we’ve poured our hearts and souls into becoming the leading provider of services that add value, safety and confidence to the world of collectibles. We’re proud of what we’ve done and what we stand for.

Today, we are excited to announce that Blackstone, one of the world’s largest investment firms, has acquired a majority stake in the Certified Collectibles Group. We had always thought that we would never sell this incredible company, but when we were approached by Blackstone we quickly realized that we shared the same vision for a larger, more vibrant and more trusted collectibles market. We also knew that Blackstone’s enormous resources, expertise and experience would help propel CCG and the markets that we serve to new heights.

With Blackstone’s support, we will accelerate our growth by hiring and training more graders, expanding our facilities, serving new markets, developing our digital offerings and much more. These efforts will benefit our customers, employees, company and industry.

It is important for you to know that our accomplished leadership team and our hardworking employees will remain in place, ensuring continuity as we enter this next phase of growth. In addition, both of us will still hold a significant minority stake in the company. We and our entire team remain fully committed to you and the collectibles industry.

Besides Blackstone, new investors in CCG 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 for prominent athletes, recording artists and other leaders across entertainment and business.

This amazing news is a testament to the extraordinary growth of the collectibles industry and the strength of CCG’s services. We are grateful for all of your support, and we look forward to an exciting future together.

To learn more about this transaction, click here to read the official press release.

Best wishes,

Mark Salzberg, CCG Founder
Steven R. Eichenbaum, CCG CEO

Link to comment
Share on other sites

 

19 minutes ago, SilverStorm said:

Good question.   I did receive an email about the M&A from NGC.  Please see below for the email I received (cut and paste).

 

A Letter from CCG’s Mark Salzberg and Steven R. Eichenbaum

Dear friends,

We are excited to share some big news with you.

For decades, we’ve poured our hearts and souls into becoming the leading provider of services that add value, safety and confidence to the world of collectibles. We’re proud of what we’ve done and what we stand for.

Today, we are excited to announce that Blackstone, one of the world’s largest investment firms, has acquired a majority stake in the Certified Collectibles Group. We had always thought that we would never sell this incredible company, but when we were approached by Blackstone we quickly realized that we shared the same vision for a larger, more vibrant and more trusted collectibles market. We also knew that Blackstone’s enormous resources, expertise and experience would help propel CCG and the markets that we serve to new heights.

With Blackstone’s support, we will accelerate our growth by hiring and training more graders, expanding our facilities, serving new markets, developing our digital offerings and much more. These efforts will benefit our customers, employees, company and industry.

It is important for you to know that our accomplished leadership team and our hardworking employees will remain in place, ensuring continuity as we enter this next phase of growth. In addition, both of us will still hold a significant minority stake in the company. We and our entire team remain fully committed to you and the collectibles industry.

Besides Blackstone, new investors in CCG 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 for prominent athletes, recording artists and other leaders across entertainment and business.

This amazing news is a testament to the extraordinary growth of the collectibles industry and the strength of CCG’s services. We are grateful for all of your support, and we look forward to an exciting future together.

To learn more about this transaction, click here to read the official press release.

Best wishes,

Mark Salzberg, CCG Founder
Steven R. Eichenbaum, CCG CEO

Will they end up pumping out a so called higher rated coins of what should be to up the BU standard coin. Like I say this a market that does not intrest me but am aware of graded coins.

Link to comment
Share on other sites

Yeah probably.  BU standard coins do not always come out in perfect condition.   By adding more coin graders, they will be able to pump out more higher graded coins. And thus be able to sell to coin collectors who demand and willing to pay more for perfect coins.   

Link to comment
Share on other sites

Will the slabs have Jay-Z on the label?

Technically, alcohol is a solution..

'It [socialism] poses a growing threat, however unintentional, to the freedom of this country, for there is no freedom where the State totally controls the economy. Personal freedom and economic freedom are indivisible. You can’t have one without the other. You can’t lose one without losing the other.'

"There is no such thing as public money, there is only taxpayers' money"

Let not England forget her precedence of teaching nations how to live.

Link to comment
Share on other sites

Usually when there is a private equity purchase, the company has unrealised potential for growth. Blackstone will likely inject cash and their own people to  drive the business to new markets and higher growth in existing markets.  
 

 

Not my circus, not my monkeys

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...

Cookies & terms of service

We have placed cookies on your device to help make this website better. By continuing to use this site you consent to the use of cookies and to our Privacy Policy & Terms of Use