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)
- Industry
- Government & Public Sector
- Location
- Switzerland
- Transaction Type
- Buyout
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