Blackstone to acquire VFS Global

On October 7, 2021, Blackstone, EQT and the Kuoni and Hugentobler-Foundation (the "Foundation") announced that funds managed by Blackstone have signed definitive agreements with EQT and the Foundation to acquire a majority stake in VFS Global. The Foundation, as minority shareholder, will remain invested as co-investor in VFS Global following closing of the transaction. VFS Global is the global market leader in visa outsourcing services. Closing is expected to occur in Q1 2022.

Lenz & Staehelin is advising the Foundation in this transaction. The team comprises Tino Gaberthüel, Simone Ehrsam and Alex Wille (all M&A).