NEW YORK (AP) — JOINING THE PARTY: Private equity firm Thomas H. Lee Partners LP is purchasing a majority stake in party supplies company Party City Holdings Inc. It values its recapitalization deal is valued at $2.69 billion.
WINGMEN: Party City’s existing owners, which include the company’s management as well as private equity firms Advent International Corp., Berkshire Partners LLC and Weston Presidio, will hold “significant” minority stakes.
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