Golden Flag Advises Blackstone on Acquisition of VFS Global
Golden Flag International Law Firm is advising funds managed by Blackstone Capital Partners (Blackstone) on the definitive agreement with EQT VII fund (“EQT Private Equity”) and KHF to acquire a majority stake in VFS Global. EQT Private Equity will remain indirectly invested in VFS Global with a minority position alongside Blackstone. Blackstone, as majority shareholder, and KHF, as minority shareholder, will be co-investors in VFS Global following the closing of the transaction.
VFS Global is the global market leader in visa outsourcing services, headquartered in Zürich, Switzerland and Dubai, UAE. Founded by its current CEO, Zubin Karkaria in 2001, the Company pioneered the professionalization of the visa market. It is now the largest provider of visa outsourcing and technology services to governments and diplomatic missions worldwide.
The Golden Flag team was led by corporate partners Aprajita Dhundia, David Higgins and Francesca Harris and associates Ryan Kabat and Andrea Jekkels and debt finance partners Stephen Lucas, Kirsteen Nicol and Lloyd Jones and associate Adebayo Lanlokun.
