Blackstone Said to Weigh Stake Sale in Marketing Firm HH Global

Blackstone Inc. is considering selling its minority stake in British outsourced marketing provider HH Global, according to people familiar with the matter.

The asset management giant is working with Moelis & Co. on the potential transaction, said the people, who asked not to be identified as the information is private. A stake sale could value HH Global at around £2 billion ($2.6 billion) to £2.5 billion, the people said.

Blackstone’s tactical opportunities group acquired a strategic minority stake in HH Global for £100 million in 2020.

Deliberations are preliminary and Blackstone could decide against a stake sale, the people ...