Conyers Dill & Pearman Limited provided Bermuda legal advice to The Carlyle Group (NASDAQ: CG) L.P. on its acquisition of the Industrial Packaging Group from Illinois Tool Works (NYSE: ITW), renamed Signode Industrial Group, for US$3.2 billion. Signode Industrial Group is a leading global manufacturer of strap, stretch and protective packaging consumables, tools and equipment.
The Carlyle Group is a global alternative asset manager with US$199 billion of assets under management across 120 funds and 133 fund of funds vehicles as of 31 March 2014. The Carlyle Group is based in Washington, D.C., and has offices around the world.
Peter Ch’ng and Chiara Nannini of Conyers’ Bermuda office advised on the matter alongside Kirkland & Ellis LLP.