Sept 12 (Reuters) - Blackstone is considering
options including a sale of its majority stake in visa
application outsourcing and technology services firm VFS Global
after receiving interest from prospective investors, Bloomberg
News reported on Thursday.
A potential transaction could value VFS at about $7 billion,
Bloomberg reported, citing people familiar with the matter.
Blackstone and VFS did not immediately respond to Reuters'
requests for comment.
Alternative asset manager Blackstone bought a majority stake
in VFS Global from EQT AB in October 2021, with EQT
retaining a minority position.
Blackstone has held preliminary discussions with advisers to
evaluate a full or partial stake sale in VFS, and one of the
options could include bringing in a minority investor to help
raise cash and boost growth, the Bloomberg report said.
Considerations are at an early stage and Blackstone may
still decide against pursuing a deal, the report said.
Headquartered in Zurich and Dubai, VFS Global provides
technology solutions and support to governments and diplomatic
missions worldwide on visa outsourcing services, according to
its website.
It manages non-judgmental and administrative tasks related
to applications for visa, passport, and consular services for
governments.
(Reporting by Rishabh Jaiswal in Bengaluru; Editing by Mrigank
Dhaniwala and Subhranshu Sahu)