Conyers advises The Carlyle Group in its acquisition of Industrial Packaging Group

Conyers Dill & Pearman has provided Bermuda legal advice to The Carlyle Group on its acquisition of the Industrial Packaging Group from Illinois Tool Works, renamed Signode Industrial Group, for $3.2bn (£2bn).

Signode Industrial Group is a global manufacturer of strap, stretch and protective packaging consumables, tools and equipment.

The Carlyle Group is a global alternative asset manager with $199bn of assets under management across 120 funds and 133 fund-of-funds vehicles as of 31 March 2014. It is based in Washington DC and has offices around the world.

Peter Ch’ng and Chiara Nannini of Conyers’ Bermuda office advised on the matter alongside Kirkland & Ellis.