(Reuters) -Blackstone is contemplating choices together with a sale of its majority stake in visa utility outsourcing and expertise companies agency VFS World after receiving curiosity from potential buyers, Bloomberg Information reported on Thursday.
A possible transaction may worth VFS at about $7 billion, Bloomberg reported, citing individuals conversant in the matter.
Blackstone (NYSE:) and VFS didn’t instantly reply to Reuters’ requests for remark.
Various asset supervisor Blackstone purchased a majority stake in VFS World from EQT AB (ST:) in October 2021, with EQT retaining a minority place.
Blackstone has held preliminary discussions with advisers to guage a full or partial stake sale in VFS, and one of many choices may embrace bringing in a minority investor to assist elevate money and increase progress, the Bloomberg report stated.
Concerns are at an early stage and Blackstone should resolve towards pursuing a deal, the report stated.
Headquartered in Zurich and Dubai, VFS World supplies expertise options and assist to governments and diplomatic missions worldwide on visa outsourcing companies, in accordance with its web site.
It manages non-judgmental and administrative duties associated to purposes for visa, passport, and consular companies for governments.
