Blackstone Considers Selling Stake in VFS Global, Valuation Estimated at $7 Billion

Summary: Blackstone is exploring the sale of its majority stake in VFS Global, a company specializing in visa application outsourcing and technology services,  The potential deal could value VFS Global at approximately $7 billion.

Blackstone, which acquired its majority stake from EQT AB in October 2021, is evaluating various options, including a full or partial sale. Discussions with advisers are underway, with the possibility of bringing in a minority investor to raise funds and stimulate growth.

The asset manager declined to comment, and VFS Global did not respond to a request for comment. Headquartered in Zurich and Dubai, VFS Global provides administrative and technological support for visa, passport, and consular services to governments and diplomatic missions worldwide.