Singapore state-owned investor Temasek Holdings is nearing a deal to purchase a big minority stake in VFS World, in line with individuals conversant in the matter, a transaction that would worth the visa outsourcing and know-how companies agency at about $7 billion together with debt.
Temasek is poised to accumulate about 20% in intently held VFS, which is managed by US various asset supervisor Blackstone, the individuals mentioned, asking to not be recognized as a result of the deliberations are non-public.Temasek and Blackstone are hammering out the small print of a deal that could possibly be introduced as quickly as Monday, the individuals mentioned. Blackstone will stay the bulk shareholder in VFS after the transaction, the individuals mentioned.Representatives for Blackstone and Temasek declined to remark.
Temasek is poised to accumulate about 20% in intently held VFS, which is managed by US various asset supervisor Blackstone, the individuals mentioned, asking to not be recognized as a result of the deliberations are non-public.Temasek and Blackstone are hammering out the small print of a deal that could possibly be introduced as quickly as Monday, the individuals mentioned. Blackstone will stay the bulk shareholder in VFS after the transaction, the individuals mentioned.Representatives for Blackstone and Temasek declined to remark.
