AZB, Kirkland advise Blackstone on VFS Global buy

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AZB & Partners was Indian legal counsel to Blackstone Capital Partners when it signed an agreement with EQT Private Equity and the Swiss-based Kuoni and Hugentobler Foundation to acquire a majority stake in visa outsourcing provider VFS Global, including its Indian subsidiaries.

Kirkland & Ellis also advised Blackstone on the deal, which was valued in excess of USD100 million and announced on 7 October, with closure expected in the first quarter of 2022.

AZB & Partners’ team was led by partners Ashwath Rau and John Adwet Raghav.

Kirkland & Ellis’ team was led by its London office partners Aprajita Dhundia, David Higgins, Francesca Harris, Stephen Lucas, Kirsteen Nicol and Lloyd Jones, and included associates Ryan Kabat, Andrea Jekkels and Adebayo Lanlokun.

EQT Private Equity will remain indirectly invested in VFS Global with a minority position, alongside Blackstone and Kuoni and Hugentobler Foundation.