Blackstone is close to buying L’Occitane, taking the skin-care company private

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Billionaire owner of L’Occitane International SA reynold geiger Blackstone Inc. and Blackstone Inc. are close to a deal to take the skin care company private, which could end its 14-year tenure on Hong Kong’s stock exchange, people familiar with the matter said.

The world’s largest alternative asset manager may provide debt financing for the buyout, the people said, asking not to be identified because the information is not public. He said that an announcement may be made soon in the coming days. L’Occitane’s trading was suspended in Hong Kong on Tuesday pending an announcement regarding the takeover code.

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