PE Goes for Party City


June 9, 2012

In what looks like the largest deal of the week Thomas H. Lee Partners is buying a large stake in Party City, a US-based retailer with 600 stores that sell Halloween, wedding, and other novelty items for celebrations, according to PE Hub. The size is USD 2.69 billion. It is that means sharing stakes with existing minority investors, Advent International Corp, Berkshire Partners LLC and Weston Presidio — as well as Party City management will retain minority stakes in the company. The company had been planning an IPO.

Share on FacebookTweet about this on TwitterShare on Google+Share on LinkedIn