The owners of Leica Camera AG -- Austrian billionaire Andreas Kaufmann and private equity giant Blackstone -- are considering a sale of a controlling stake in the German camera maker in a deal that could value the company at about $1.2 billion, Bloomberg reported, citing people familiar with the matter.
HSG, formerly known as Sequoia Capital China, and Altor Equity Partners are among a handful of bidders. The Kaufmann family could re-invest following a transaction. Leica traces its roots roughly 150 years to Ernst Leitz's microscope company and was publicly traded on the Frankfurt stock exchange until the Kaufmann family took it private in 2012.
Read more of this story at Slashdot.