Carlyle buys China's HCP Packaging from Baring Asia
The Carlyle Group will become HCP Packaging’s third consecutive private equity owner, having agreed to acquire the China-based packaging from Baring Private Equity Asia (BPEA).
The deal size was not disclosed, but it has been reported as approximately USD 1bn. Carlyle is investing via its Asia buyout and Japan funds. The firm closed its fourth pan-regional vehicle on USD 6.55bn...
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