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.

Loyens & Loeff advises the Foundation in this transaction on Luxembourg law matters. The core team comprises Guy Palmaers (M&A), Imad Sidi Yakoub Benyakoub (M&A), Jochem van de Wal (Tax), Kévin Eméreaux (Tax), Véronique Hoffeld (L&RM) and Farah Sophia Jeraj (L&RM).