Private equity giant Blackstone is reportedly exploring options for its majority stake in VFS Global, the visa outsourcing and technology services firm. A potential sale of the Dubai- and Zurich-based company could value VFS at approximately $7 billion, according to sources cited by Bloomberg. VFS specializes in handling administrative tasks related to visa, passport, and consular services, streamlining these processes for government clients.

Blackstone acquired its majority stake in VFS Global in 2022 from Swedish investment firm EQT AB, which still retains a minority share alongside the Kuoni and Hugentobler Foundation. Blackstone’s shares saw a 2% uptick to $149.58 in intraday trading on Friday, with a year-to-date gain of around 14%, reflecting positive market sentiment around the firm’s investment moves.