Blackstone considers selling majority stake in visa firm VFS Global

Blackstone is considering options including a sale of its majority stake in visa application outsourcing and technology services firm VFS Global after receiving interest from prospective investors, Bloomberg News reported on Thursday.

A potential transaction could value VFS at about $7 billion, Bloomberg reported, citing people familiar with the matter.

Blackstone and VFS did not immediately respond to Reuters' requests for comment.

Alternative asset manager Blackstone bought a majority stake in VFS Global from EQT AB in October 2021, with EQT retaining a minority position.

Blackstone has held preliminary discussions with advisers to evaluate a full or partial stake sale in VFS, and one of the options could include bringing in a minority investor to help raise cash and boost growth, the Bloomberg report said.

Considerations are at an early stage and Blackstone may still decide against pursuing a deal, the report said.

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