Jay-Z’s Roc Nation Joins Blackstone in Acquisition of $ 500 Million Collectibles Company

  • Blackstone acquires the Certified Collectibles Group in a transaction valuing the company at more than $ 500 million.
  • Jay-Z’s Roc Nation is also an investor in the transaction.
  • CCG offers authentication services for collectibles, including comics, stamps, and collectible cards.
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Blackstone has agreed to acquire a controlling stake in the Certified Collectibles group in a deal valuing the company at more than $ 500 million, the private equity firm said Thursday.

Jay-Z’s Roc Nation will be an investor in the deal, along with Michael Rubin, founder and executive chairman of Fanatics, NBA player Andre Iguodala, Daryl Morey, president of basketball operations for the Philadelphia 76ers, and others. .

The Certified Collectibles Group (CCG) offers authentication services for a variety of collectibles, including comics, banknotes, magazines, concert posters, stamps, collectible cards, sports cards, and objects of succession.

The CCG estimates it has certified over 62 million of these collectibles, with a combined fair market value approaching $ 50 billion.

Specifically, Blackstone’s funds managed by its tactical operations business will acquire a controlling stake in the collectibles company. Meanwhile, CCG founder Mark Salzberg and CCG CEO Steven R. Eichenbaum will retain a “significant minority stake,” the company said.

Blackstone seeks to grow the digital presence of the CCG, add employees and increase the geographic reach of the CCG.

Blackstone shares were up 0.3% on Friday.

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