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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’s geographi
Tampa Bay coin and card grading company sells in nine-figure deal
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CCG Continues Hiring Push; Targets 500 Sarasota Employees by Summer s End
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Certified Collectibles Group (CCG), which includes eight of the world’s leading providers of authentication, grading, and conservation services for coins, paper money, comic books, trading cards, and other collectibles, announced earlier this month that it has filed a second amended complaint in its lawsuit charging international technology firm
Globant S.A., along with its subsidiary
Globant LLC, with breaches of contract and violations of the
Florida Deceptive and Unfair Trade Practices Act arising out of Globant’s failed software implementation at CCG.
The amended complaint, filed in federal court in
Tampa in August 2019, adds a host of new allegations to CCG’s ongoing lawsuit arising out of Globant’s misconduct in botching the design and implementation of a new software system to run CCG’s core operations. According to the lawsuit, CCG hired a consulting firm, which Globant subsequently acquired, to implement a new enterprise resource planning (ERP) software sy