Kirkland & Ellis advised Carlyle (NASDAQ: CG) on its acquisition of HCP Packaging, a global leader in the design, development and manufacture of cosmetic packaging, from funds affiliated with Baring Private Equity Asia (BPEA).
Founded in 1960 and headquartered in Shanghai, HCP is one of the world’s largest beauty packaging providers with 10 production and manufacturing facilities across China, the USA, Mexico and Europe. HCP works with over 250 leading cosmetics, skincare and fragrance brands including Estée Lauder, L’Oreal and Shiseido. The transaction is subject to customary closing conditions and is expected to close in Q3 2022.
The Kirkland team was led by transactional partners Daniel Dusek, Maurice Conway and Rongjing Zhao and debt finance partners Jacqueline Zheng, Jason Kanner, Kathryn Leonard and Gautam Agarwal, with assistance from transactional partners Armand Della Monica and Payson Lyman. The team also included transactional associates Raymond Wong, Liang Zheng, Serene Lu and Zinan Chen, and debt finance associate Brittany Roger.