Private equity firm buys 44% of Leica

October 21, 2011

Leica’s boss has sold a 44% ‘minority stake’ to US private equity firm Blackstone, both parties have confirmed.

Leica has pledged to ‘expand the business into new markets’ in the wake of the deal which was announced on Wednesday.

Leica chairman Andreas Kaufmann said: ‘With Blackstone we have gained an experienced and internationally established strategic partner, which also understands and appreciates the established brand philosophy and business model of Leica.’

Blackstone’s head office is in New York.

Kaufmann’s firm, ACM, retains nearly 54% of Leica.

Receive a free welcome gift worth £77.90 with your subscription!

Get your first 6 months of Amateur Photographer for only £57.99, saving 36%! PLUS, receive a free Passport Duo travel pack & JOBY portable mini tripod!