Tag Archives: Blackstone

EQT Private Equity is set to sell a majority stake in VFS Global to Blackstone and retain a minority position. According to sources, the acquisition is estimated at over $2 billion valuation. Zubin Karkaria, CEO of VFS Global, further commented, “On behalf of the entire VFS Global team, I want to thank EQT for the very collaborative and value enhancing partnership over the past five years. With EQT’s trust and support – especially during the COVID-19 pandemic – we are in a much stronger position today and look forward to the next phase of growth together with Blackstone.”

Hilton Worldwide Holdings, HNA Group and Blackstone has announced that HNA will acquire an approximate 25 per cent equity interest in Hilton from affiliates of Blackstone, establishing a long-term strategic investment in Hilton and Hilton’s planned spin-offs of Park Hotels & Resorts (Park) and Hilton Grand Vacations (HGV). The transaction is valued at approximately $6.5 billion, or $26.25 per share in cash, reducing Blackstone’s interest in Hilton to approximately 21 per cent. The transaction is expected to close in the first quarter of 2017. Following Hilton’s previously announced spin-offs of Park and HGV, which are expected to occur on or about the end of the year, HNA will own approximately 25 per cent of all three companies.