Blackstone Considering Sale of $7 Billion Visa Firm VFS

Blackstone, the global investment giant, is reportedly considering the sale of its majority stake in VFS Global, the world’s largest visa outsourcing company. The potential sale could value the company at approximately $7 billion, including debt, making it one of the largest deals in the visa services sector.

VFS Global, operating across 140 countries, provides visa services for various governments and has grown significantly under Blackstone’s ownership. Blackstone acquired its stake in 2016, and VFS's success has made it an attractive asset for potential buyers.

This potential sale comes as Blackstone continues to review its portfolio of assets and seek opportunities to capitalize on profitable investments. It’s part of the firm’s broader strategy of periodically divesting holdings to generate returns for its investors.

The news indicates that while discussions are ongoing, there is no certainty that the sale will proceed. If successful, this transaction would mark a significant shift in ownership for VFS Global, which handles millions of visa applications annually worldwide.