Blackstone (BX.US) and Warburg Pincus Reportedly Plan to Sell IntraFi, Valuation May Exceed $10 Billion

Zhitong Finance APP has learned that, according to people familiar with the matter, Blackstone (BX.US) and Warburg Pincus are exploring a sale of IntraFi, a transaction that could value the fintech company at more than $10 billion. The people said the two private equity firms have engaged Morgan Stanley and Guggenheim Securities to advise IntraFi on the sale process, which is still at an early stage. The people familiar with the matter added that no final decision has been made and Blackstone and Warburg Pincus may also choose to continue holding the business.