Blackstone is reportedly considering selling VFS, a $7 billion visa company

Blackstone Inc. is exploring options for its majority stake incVFS Global, a visa outsourcing and technology services firm. They have received interest from potential investors and are discussing whether to sell all or part of their stake, according to sources familiar with the situation.

The discussions are still in the early stages, and a deal could value VFS Global at around $7 billion. One possibility is bringing in a minority investor to help raise funds and support growth. Sovereign wealth funds and other firms have shown interest in this opportunity.

At this point, Blackstone has not made any final decisions and may choose not to pursue a sale, as per agency reports.

What is Blackstone Inc.?
Blackstone Inc., based in New York City and founded in 1985, is a top investment firm that manages money for various investors. The company invests in private equity, real estate, credit, and hedge funds. Blackstone buys and improves companies, manages big real estate properties like office buildings and hotels, and provides loans and credit to businesses.

The firm is known for its large investments and expertise in managing complex financial deals. Blackstone works with pension funds, sovereign wealth funds, and individual investors, making it a significant player in the global investment world.

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Blackstone Inc. has invested in a wide range of companies across various industries, including well-known names like Hilton Worldwide, The Cosmopolitan of Las Vegas, and Ancestry.com. It also has substantial stakes in companies like Refinitiv and Merlin Entertainments. Blackstone is a publicly traded company listed on the New York Stock Exchange (NYSE) under the ticker symbol BX, so it is owned by its shareholders, which include institutional investors, individual investors, and company insiders.