Breaking News: L’Occitane International SA Near Deal with Blackstone to Go Private
L’Occitane International SA and Blackstone Inc. Nearing a Private Buyout
L’Occitane International SA, renowned for its skincare products, is on the verge of undergoing a significant transformation as its billionaire owner, Reinold Geiger, and Blackstone Inc., the world’s largest alternative asset manager, are close to finalizing a deal to take the beloved skincare company private, according to sources with knowledge of the matter.
Implications for Hong Kong Stock Exchange
Should the deal come to fruition, L’Occitane International SA’s 14-year long stint on the Hong Kong stock exchange would come to an end. Market experts and industry insiders anticipate an announcement concerning the buyout in the next few days. Trading of L’Occitane shares on the Hong Kong stock exchange was suspended on Tuesday in anticipation of the takeover.
Blackstone’s Role in the Potential Buyout
Blackstone Inc., renowned for its monumental presence in the world of alternative asset management, is expected to provide the necessary debt financing for the acquisition. While the information remains confidential, insiders privy to the matter have disclosed these details. Currently, potential debt financing by Blackstone forms a crucial and notable component of the potential takeover of L’Occitane by Geiger and the involvement of the world’s largest alternative asset management firm adds an incredible strategic dimension to the deal.
