Announced
Completed
Financials
Tags
Private
Disposal
New Zealand
party goods
Cross Border
Ireland
Single Bidder
Australia
Majority
United Kingdom
Germany
Friendly
Recreational Products
Acquisition
Private Equity
Completed
Synopsis
Endless, a UK-based private equity investor, completed the acquisition of Amscan International, the holding for international wholesale, retail and e-commerce businesses of Party City, an American publicly traded retail chain of party stores, for $59m. "We believe this transaction represents another positive step in our transformation strategy. The sale of these assets enables us to focus on our core North American retail and wholesale operations, where we see the greatest opportunities for profitable growth, while maintaining the benefits of our vertically integrated structure. We are excited about the progress we are making to reinforce our position as the leading party platform in North America," Brad Weston, Party City CEO.
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