In January, reports arose that Leica Camera AG’s owners were considering selling a controlling stake in the legendary German photography company. These talks have heated up in the months since. Bloomberg reports, as spotted by Leica Rumors, that HongShan Capital Group (HSG) has emerged as a leading bidder to purchase Blackstone Inc.’s massive 45% stake in Leica. HSG is a Chinese-based venture capital and private equity firm, formerly the Chinese investment segment of Sequoia Capital. As of 2024, HSG managed around $56 billion in assets. Bloomberg describes HSG as a “leading bidder” for Blackstone’s large minority stake in Leica Camera...