VRA Partners Advises Party City of the Carolinas on its Sale to Party City Corporation
VRA Partners is pleased to announce that Party City of the Carolinas has been acquired by Party City Corporation, a subsidiary of Party City Holdco ("Party City" or the "Company"), the leading, vertically-integrated party goods retailer in North America. Headquartered in Matthews, North Carolina, Party City of the Carolinas is one of the largest franchisees in the Party City system, operating 18 stores in North Carolina and South Carolina. The stores offer a broad assortment of specialty party supplies and paper goods consisting of brand name and private label merchandise for a wide variety of seasonal and non-seasonal (everyday) occasions. VRA Partners acted as the exclusive financial advisor to Party City of the Carolinas. Terms of the transaction were not disclosed.
Party City is the leading party goods company by revenue in North America. Party City designs, manufactures, sources and distributes party goods, including paper and plastic tableware, metallic and latex balloons, Halloween and other costumes, accessories, novelties, gifts and stationery throughout the world. The Company's retail operations include over 900 specialty retail party supply stores (including approximately 160 franchise stores) throughout North America, operating under the names Party City and Halloween City, and e-commerce websites, principally through the domain name PartyCity.com.
VRA Partners, an independent Atlanta-based investment bank, focuses on providing M&A services to leading middle-market companies and private equity firms. VRA Partners also assists companies with raising capital for growth, acquisitions, recapitalization, going-private and management buy-out transactions, and provides fairness opinions, valuations and strategic advisory services. The professionals of VRA Partners have completed more than 550 transactions across a broad range of industry sectors, including consumer and retail, business services, healthcare services and technology, industrial products and services, and technology and communications. VRA Partners, LLC is a Member FINRA/SIPC. For more information, please visit our website at www.vrapartners.com.
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Chris Reilly, Director - Originations