Business
Blackstone considers multi-billion sale of stake in VFS Global
Blackstone is considering the sale of its majority stake in VFS Global, which could value the company at up to seven billion dollars.
The US investment firm Blackstone may be facing a significant transaction: The sale of its majority stake in VFS Global, a leading global service provider in visa application processing, is currently being considered. This transaction could value VFS Global at up to seven billion US dollars.
According to reports from Bloomberg, Blackstone is in early talks with advisors to evaluate various options, including a full or partial sale. The possibility of bringing on a minority investor to finance future growth is also being considered. Blackstone acquired the majority stake in 2021 from EQT AB, which still holds a minority stake.
VFS Global, headquartered in Zurich and Dubai, operates in over 140 countries and provides technological solutions to enhance the efficiency of visa application processes. The growing demand for international travel after the pandemic has significantly boosted VFS Global's business, increasing investor interest.
Blackstone could take advantage of the current value increase to profit from the stake. However, it remains unclear whether there will be a complete sale or whether the company will opt to bring in a strategic investor. Neither Blackstone nor VFS Global have commented on the reports so far.