Blackstone group buys 44% of Leica

Discussion in 'Leica M Forum' started by wt21, Oct 20, 2011.

  1. wt21

    wt21 SC Hall of Famer

    Aug 15, 2010
    From the Wall Street Journal
    Blackstone to Buy Minority Stake in Leica -

    Blackstone took a minority position in Lecia (page B8 from 10/12 edition for you paper readers). It says Leica's revenues were 250 Euro, and the minority stake of 44% cost 130 Euro. That's just a little higher valuation of 1X earnings, which is not a strong statement of worth.

    It also says Leica has turned to profitability, and recently paid a dividend (which means it's making, and not losing, money).

    Blackstone said there are opportunities to move into emerging markets (Asia, Latin America, etc.) that the investment can help with, and the return window is "medium to Long Term."

    I think this is good news. The market needs a healthy Leica, shipping good products.
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  2. BBW

    BBW Administrator Emeritus

    Jul 7, 2010
    betwixt and between
    Real Name:
    Thanks for this - I did receive a Leica email about it yesterday.