Blackstone acquires CCG

[sportscardpete]

There are two types of PEs - 1) trim costs out of a bloated company or 2) use it’s network and capital to help a current company grow faster than it would on its own. Excited to see what Blackstone will do with the latter

[Johnny630]

To me all these PE Firms and Investment Groups buying up companies related to Sports Cards Shows me they think there is money and further growth.
Graded Cards is Not a Hobby to these Guys, that's BS, I don't care if they have a few PSA 10 Vintage Cards Hanging on their wall, it's an Business and Business is Business the Bottom Line is Profits. I'm just hanging on not buying anything waiting for them to over inflate the market again, it's only a matter of time until we have another January-March 2021 insane auction result sales numbers on slabbed cards.

[Frankish]

Originally Posted by Johnny630

To me all these PE Firms and Investment Groups buying up companies related to Sports Cards Shows me they think there is money and further growth.
Graded Cards is Not a Hobby to these Guys, that's BS, I don't care if they have a few PSA 10 Vintage Cards Hanging on their wall, it's an Business and Business is Business the Bottom Line is Profits. I'm just hanging on not buying anything waiting for them to over inflate the market again, it's only a matter of time until we have another January-March 2021 insane auction result sales numbers on slabbed cards.

Yes, I found the transaction curious. It seems that at least some sharp financial minds believe the growing collectibles market will persevere post-pandemic. I don't know how much of CCG's business is sports cards vs comics, etc., but I see too many possible disruptors to the card market (the one area of CCG's business I'm familiar with) to place a big bet in the area. Guess that's why I'm not in PE....