The Carlyle Group Inc. (NasdaqGS:CG) agreed to acquire HCP Packaging (Shanghai) Co. Ltd. from Baring Asia Private Equity Fund VI, managed by Baring Private Equity Asia, on May 10, 2022. Equity for this transaction will come from affiliates of Carlyle Asia Partners and Carlyle Japan Partners.

The transaction is subject to customary regulatory approvals and is expected to close in Q3 2022. Goldman Sachs acted as financial advisor to Baring Private Equity Asia. Daniel Dusek, Maurice Conway, Rongjing Zhao, Payson Lyman, Raymond Wong, Liang Zheng, Jacqueline Zheng, Jason Kanner, Kathryn Keves Leonard, Gautam Agarwal of Kirkland & Ellis LLP acted as legal advisor to The Carlyle Group Inc. (NasdaqGS:CG).

Annemargaret Connolly, Chris Welty, Emmanuelle Henry, Manuel-Peter Fringer, Michael A. Epstein, Paul J. Wessel, Sandy Lin, Shawn Brett Cooley, Tim Gardner, Matthew D. Morton, Jie Yuan, Ivor Gwilliams, Nathan Cunningham, Kevin Yao, Thomas Weatherill of Weil, Gotshal & Manges LLP acted as legal advisor to Baring Private Equity Asia.