Blackstone to Acquire Majority Stake in VFS Global from EQT Private Equity

October 7, 2021

Private equity funds managed by Blackstone have signed a definitive agreement to acquire a majority stake in VFS Global from EQT Private Equity, with EQT retaining a minority position alongside the Kuoni and Hugentobler Foundation. VFS Global, headquartered in Zurich and Dubai, is the world's largest visa outsourcing services provider; Blackstone said it will help accelerate the company's digitization, expand into adjacent services, and capitalize on the global travel recovery. The transaction was expected to close by Q1 2022.

Buyers
Blackstone
Targets
VFS Global
Sellers
EQT Private Equity (EQT VII fund)
Location
Switzerland
Transaction Type
Buyout

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