Steve Cohen-Led Group Buys Sports Card And Memorabilia Company Collector's Universe
Steve Cohen-Led Group Buys Sports Card And Memorabilia Company Collector's Universe Tyler Durden Fri, 12|04|2020 - 18:00 Apparently, Steve Cohen is on a sports kick. As if buying the New York Mets - and then purging the organization's entire front office, as we noted weeks ago - wasn't enough, Steve Cohen is now buying collectibles-grading company Collectors Universe. The company provides "authentication and grading services to buyers and sellers of memorabilia, including sports cards, coins and vintage autographs." The $700 million deal to take the company private is being done in conjunction with Dan Sundheim’s D1 Capital Partners and sports card collector Nat Turner, according to Bloomberg . Cohen is undertaking the transaction using "Cohen Private Ventures", which is a vehicle for investing his personal capital (as opposed to that of Point72). Shares of the company had been up more than 300% this year already, with the nation's lockdown orders allowing hobbyists and collectors to spend more time on their respective collections.
Steve Cohen-Led Group Buys Sports Card And Memorabilia Company Collector's Universe
Steve Cohen-Led Group Buys Sports Card And Memorabilia Company Collector's Universe Tyler Durden Fri, 12|04|2020 - 18:00 Apparently, Steve Cohen is on a sports kick. As if buying the New York Mets - and then purging the organization's entire front office, as we noted weeks ago - wasn't enough, Steve Cohen is now buying collectibles-grading company Collectors Universe. The company provides "authentication and grading services to buyers and sellers of memorabilia, including sports cards, coins and vintage autographs." The $700 million deal to take the company private is being done in conjunction with Dan Sundheim’s D1 Capital Partners and sports card collector Nat Turner, according to Bloomberg . Cohen is undertaking the transaction using "Cohen Private Ventures", which is a vehicle for investing his personal capital (as opposed to that of Point72). Shares of the company had been up more than 300% this year already, with the nation's lockdown orders allowing hobbyists and collectors to spend more time on their respective collections.