Hi,
Thanks for explaining, much appreciated!
Best regards
Erik
Here's a link to a WSJ article on the Blackstone share purchase.
The point here being that Kaufman returned Leica to profitability well before the Blackstone involvement with the introduction of the M8 (2007), S2 (2008) and the M9 (2009) plus some successful Panasonic-Leica X combos. His ROI from 2007 to 2011 was almost 500% over the 5 years.
The investment was a consequence of, not a precursor to, Leica's success.
