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Advent International
Advent International Acquires Minority Stake in Amscan Holdings Inc., U.S. Party Goods Market Leader
September 12th, 2008
Advent International, the global buyout firm, announced that it has acquired, from existing shareholders in a secondary transaction, a 38% ownership interest in Amscan Holdings Inc., the largest manufacturer, distributor and retailer of party goods and accessories in the United States. Existing investors include Berkshire Partners, Weston Presidio and management. The value of the transaction was not disclosed. Founded in 1947 and headquartered in Elmsford, N.Y., Amscan operates America's leading party-supply retail network with more than 950 stores, including franchise locations, across the U.S. and Puerto Rico, under the brand names Party City, Party America, Factory...
Source: Health Business Week (2008-09-12)
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