top shadow

Trade Readers:
I am a Manufacturer’s Rep
I am a Distributor
I am a Textile Supplier
I am a Banker or Factor
I am an OEM Producer
I want to receive more info from this company about its products
I want to receive a catalog from this company
I want to learn more about carrying this brand in my store; have them contact me
I would like to become a manufacturer’s representative for this company; have them contact me
I want to comment on this brand
I am a store owner/buyer who would recommend this brand to other stores

Consumer Readers:
I am a consumer who wants to purchase garments from this company; have someone contact me
I am a consumer who wants to know how/where to purchase this product

I am a consumer who would like a consumer catalog, if you provide one
I am a consumer who would recommend this brand

current news

Thomas Lee Buys Major Stake in Party City

(Filed Under Financial and General Interest News). Thomas H. Lee Partners, L.P. signed an agreement earlier this month under which it will acquire “a majority stake in Party City Holdings Inc., the premier party supplies retailer,” that operates 825 permanent party superstores and 400 temporary Halloween locations, as well as selling its products in “over 40,000 retail outlets worldwide” and on its own website.

According to Thomas H. Lee the recapitalization transaction is valued at $2.69 billion. Advent International Corp., Berkshire Partners LLC, Weston Presidio and company management, “which currently own Party City, will continue to hold significant minority stakes following the recapitalization.”

“Party City leads the $10 billion retail party goods industry in terms of product selection and retail network. We look forward to working closely with the team at Party City to maximize its scale and vertically integrated business model to continue to grow its business,” said Todd M. Abbrecht, a managing director at Thomas H. Lee.

“From its founding in 1947, the company has evolved to become a world-class company with widely recognized brands, a broad product offering, a strong global sourcing model and a category-defining retail concept,” said Gerald C. Rittenberg, Party City’s CEO. “The management team and I look forward to welcoming Thomas H. Lee as an investor and working with the expanded shareholder group to position us for future growth across each of our channels. We are appreciative of the terrific partnership and guidance of our existing investors in the development and execution of our strategic plan.”

“Party City is by far the leader in the wholesale and retail party goods industry,” said Steven J. Collins, a managing director at Advent International. “With the additional leadership and support of Thomas Lee, we believe the company is well-positioned to continue its successful development.”

“We are proud of Party City’s achievements since our original investment in 2004 and fortunate to have a long-standing, talented management team,” said Robert J. Small, a managing director at Berkshire Partners. “We believe the company is in an even better position today and are excited to remain partners with Gerry and his team for this next chapter of growth.”

Kevin M. Hayes, a partner at Weston Presidio, said, “We believe Party City has significant opportunities to enhance its leadership position in the party goods industry. We look forward to working with the Thomas H. Lee team and our existing partners to help Party City pursue and achieve its growth objectives.”

more Financial and General Interest News >>

Published 06-22-2012 by -

Related Articles

Party City to Acquire iParty for $35 Million
Thomas Lee Buys Major Stake in Party City
Party City Predicts Extreme Season

Comment on this article, brand or product

Disclaimer: The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of Bodymagazine or its staff.

NOTE: Your Email will not be displayed.

Related pictures

Follow BODY on:
twitter FaceBook RSS
Share this article on:
Digg Reddit Stumble

Contact Information: (718)676-4444
Copyright © 2017 Fashion Market Magazine Group, Inc. All rights reserved.
All photos Copyright © 2000-2018 Nick Monjo & Fashion Market Magazine Group. All rights reserved.
Please email any website related issues to
bottom shadow