(Reuters) – Blackstone (NYSE:) is contemplating choices together with a sale of its majority stake in visa software outsourcing and expertise companies agency VFS World after receiving curiosity from potential traders, Bloomberg Information reported on Thursday.
A possible transaction might worth VFS at about $7 billion, Bloomberg reported, citing folks accustomed to the matter.
Blackstone and VFS didn’t instantly reply to Reuters’ requests for remark.
Different 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 judge a full or partial stake sale in VFS, and one of many choices might embrace bringing in a minority investor to assist increase money and enhance progress, the Bloomberg report mentioned.
Concerns are at an early stage and Blackstone should resolve in opposition to pursuing a deal, the report mentioned.
Headquartered in Zurich and Dubai, VFS World supplies expertise options and help to governments and diplomatic missions worldwide on visa outsourcing companies, in line with its web site.
It manages non-judgmental and administrative duties associated to purposes for visa, passport, and consular companies for governments.
(This story has been corrected to say promote majority stake in VFS, not promote VFS, within the headline, and to repair a narrative hyperlink in paragraph 7)