Baring Private Equity Asia Acquires HCP Packaging from TPG Capital for US$775 Million (Asia)

Source: Reuters

Asia-focused private equity firm Baring Private Equity Asia has acquired China-based packaging company HCP Packaging from global private investment firm TPG Capital for a reported US$775 million. HCP Packaging designs luxury lipstick and make-up containers for cosmetics manufactures such as L’Oreal, Revlon and Shiseido. TPG originally acquired HCP Packaging in 2012 through its fund TPG Asia V.