August 25, 2022

Milbank Advises Arrangers in Financing for Carlyle’s Acquisition of Cosmetics Packaging Company HCP Packaging

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Milbank LLP represented the arrangers in connection with the financing for Carlyle’s (NASDAQ: CG) acquisition of HCP Packaging (“HCP”) from funds affiliated with Baring Private Equity Asia.

Headquartered in Shanghai, HCP is a global leader in the design, development, and manufacture of next generation primary packaging containers for the beauty industry with production and manufacturing facilities across China, the United States, Mexico and Europe. HCP works with over 250 leading cosmetics, skincare and fragrance brands including Estée Lauder, L’Oréal and Shiseido.

The Milbank team was led by New York-based Global Leveraged Finance partners Marcus Dougherty, Charles Stern, Benjamin Sayagh and Spencer Pepper and Hong Kong-based Global Leveraged Finance partners Davide Mencacci, and John Bona along with assistance from associates Katie Forer, George Zhang, Edward McCartney, Jenny Saufley, Gregory Arpino, Christina Wing, Elliott Clutterbuck and Zoe Ng.