Leica Camera’s owners are considering a sale of a controlling stake in the German camera maker that could value the business at about €1bn, according to Bloomberg.

Andreas Kaufmann and Blackstone are working with advisers on a potential transaction, although discussions remain at an early stage and a deal is not guaranteed. HSG and Altor Equity Partners are among the firms said to be reviewing the opportunity.

Leica traces its roots back nearly 150 years and was taken private by the Kaufmann family in 2012. The company partners with Xiaomi in mobile imaging and continues to benefit from demand for high-end cameras.

In the financial year ended March 2025, Leica’s revenue rose 7.6% to about €596m, driven by strength in its core photography segment and growth in mobile products, particularly in Europe.

A sale would mark a potential exit for Blackstone from one of its longer-held consumer investments.

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