HSG is said to be in lead to buy Blackstone-backed Leica Camera
Asian investment firm HSG has emerged as the lead bidder for Blackstone’s 45% stake, with a full buyout and eventual listing also under consideration.
Pedestrians walk past a Xiaomi retail store beneath a large advertisement for the Xiaomi 17 Ultra smartphone on March 18, 2026 in Hong Kong, China. The model features a premium Leica-engineered camera system. Image: Getty Images
Pedestrians walk past a Xiaomi retail store beneath a large advertisement for the Xiaomi 17 Ultra smartphone on March 18, 2026 in Hong Kong, China. The model features a premium Leica-engineered camera system. Image: Getty Images

