Global investment group Carlyle announced that it has agreed to acquire a 100% stake in cosmetics packaging supplier HCP Packaging Group from an associated fund of Barings Asia (BPEA). HCP is the world’s leading designer, developer and manufacturer of cosmetic packaging materials. The investment funds will come from Carlyle’s two Asian buyout funds – Carlyle Asia Fund and Carlyle Japan Fund. Further details about the deal were not disclosed.
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