Blackstone agreed to acquire a majority stake in VFS Global, a provider of visa outsourcing services, from EQT for $2.5bn. The transaction is expected to close by Q1 2022. “On behalf of the entire VFS Global team, I want to thank EQT for the very collaborative and value enhancing partnership over the past five years. With EQT’s trust and support – especially during the COVID-19 pandemic – we are in a much stronger position today and look forward to the next phase of growth together with Blackstone,” Zubin Karkaria, VFS Global CEO.