Blue Earth
Glazer's Camera

Blackstone to Buy Nearly Half of Leica

© Blackstone © Blackstone

United States-based private equity firm The Blackstone Group will buy 44 percent of Leica Camera. The deal, which will be completed by the end of 2012, is meant to help Leica take off in emerging markets such as Asia, South America and the Middle East.

In 2011, Leica reported record profits of $340 million, up 57.2 percent from the previous year.