Carlyle,a global investment firm, agreed to acquire HCP Packaging, a cosmetic packaging company, from Baring Private Equity Asia for $1bn. “We are excited to partner with HCP and look forward to working with Eddy and the management team on the company’s next phase of global growth and expansion. We see long-term growth potential in the beauty and cosmetics industry and believe HCP’s business track record and commitment to R&D and ESG are market differentiators. We plan to leverage the strengths of our global platform, deep industry and market expertise, and synergies from our extensive network of portfolio companies in the consumer and manufacturing sectors to help HCP capture new growth opportunities, and take the company to the next level,” Wanlin Liu and Dennis Wang, Carlyle Managing Directors.