L’Occitane International SA’s billionaire owner Reinold Geiger and Blackstone Inc. are nearing a deal to take the skin-care company private, people familiar with the matter said, potentially ending its 14-year run on Hong Kong’s stock exchange.
The world’s largest alternative asset manager may provide debt financing for the buyout, the people said, asking not to be identified as the information isn’t public. An announcement may come as soon as in the coming days, they said. Trading of L’Occitane was suspended in Hong Kong on Tuesday, pending announcement related to takeover codes.
