Bloomberg reports that Blackstone could sell control of Leica Camera in a €1 billion deal. Rumors about a potential sale have been floating around since 2017:
Blackstone has tasked Morgan Stanley with finding a buyer for its 45 percent stake in Leica Camera
Blackstone in talks to sell stake in Leica, Zeiss is “potentially interested”
Her eis the AI recap of the article:
The Core News Blackstone Inc. and the Kaufmann family (the majority owners) are considering the sale of a controlling stake in Leica Camera AG. The potential deal values the iconic German camera maker at approximately €1 billion ($1.1–1.2 billion).
Key details (published January 23, 2026):
Sellers: The private equity firm Blackstone, which acquired a ~45% stake in Leica in 2011, is looking to exit its investment. The Kaufmann family, which holds the majority stake, is also involved in the sale discussions but may choose to re-invest in the business following the transaction.
Potential Buyers: Discussions are reportedly underway with several bidders, including:
- HSG (formerly Sequoia Capital China)
- Altor Equity Partners (a private equity firm)
Status: The deliberations are described as being in the early stages, and there is no guarantee that a deal will be finalized.
Background & context:
This potential sale marks a significant valuation increase for Leica, which was valued closer to €700 million during previous sale rumors in 2017. Blackstone originally invested in 2011 to help the brand expand internationally, particularly into Asian markets. The company has since successfully transitioned from a niche manufacturer into a broader luxury brand.
FYI: Leica Camera sold 44% of the company to Blackstone for €130 million ($179 million) back in 2011:
WSJ: the Blackstone-Leica deal valued at €130 million ($179 million)
Source: Bloomberg
