Morgan Stanley in line for HCP Holdings acquisition
Morgan Stanley Private Equity (MSPE) is reportedly negotiating with Chinese packaging firm HCP Holdings to purchase an 80% stake. The deal is said to value the company at approximately $500 million.
Sources told Reuters that MSPE is sourcing lenders for a $260 million loan to complete the deal. HCP makes packaging for luxury cosmetics brands such as L'Oreal SA and Shiseido, and claimed annual sales...
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