Carlyle buys Shanghai-based HCP Packaging

May 27, 2022, 7:37:35 AM

Carlyle Group has bought HCP Packaging, a global cosmetic packaging company from Barings Private Equity Asia, the companies said in a statement on Thursday.

HCP is headquartered in Shanghai and has 10 production and manufacturing facilities around the world and more than 250 clients, the statement said.

Its customers include Estee Lauder, L’Oreal and Shiseido, it said.

Terms of the deal were not disclosed. The companies said the transaction was due to be finalised in the third quarter.

- Reuters -

About Collabrium Partners

 

Collabrium Partners is a Chinese leading independent investment banking firm focused on providing financial advisories on mergers & acquisitions, strategic planning, restructuring, private placement, independent opinions to corporations, financial institutions, public service agencies, and others. For more information, visit www.collabrium.com.