Temasek Said to Near Stake Purchase in Blackstone-Owned VFS
- Deal may value VFS Global at about $7 billion including debt
- Temasek, Blackstone are finalizing details of a transaction
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Temasek Holdings Pte is nearing a deal to buy a significant minority stake in VFS Global, according to people familiar with the matter, a transaction that could value the visa outsourcing and technology services firm at about $7 billion including debt.
The Singapore state-owned investor is poised to acquire about 20% in closely held VFS, which is controlled by US alternative asset manager Blackstone Inc., the people said, asking not to be identified because the deliberations are private. Temasek and Blackstone are hammering out the details of a deal that could be announced as soon as Monday, the people said.