BlackstoneInc is thinking about a quote for skin care business L’Occitane International, Bloomberg News reported on Monday, pointing out individuals knowledgeable about the matter.
The personal equity giant has actually been thinking about initial due diligence as it assesses a prospective deal while likewise thinking about the possibility of partnering with L’Occitane’s billionaire chairman Reinold Geiger on a buyout, the report included.
Blackstonedecreased to comment, while L’Occitane did not right away react to Reuters ask for remark.
The Hong Kong-listed skin care professional business’s managing investor had actually chosen versus an offer to take the business personal in September in 2015.
The buyout deal was from Geiger’s financial investment holding business, L’Occitane Groupe SA, at a time when Hong Kong became an epicentre of buyout offers and a number of companies from the West were seeking to enhance direct exposure in the quickly growing Chinese market.
L’Occitane might likewise draw in interest from other suitors, the report stated, mentioning individuals, including that considerations are at an early phase, and there is no certainty they will result in a proposition.
Reuters