Done Deal: Amscan International

Success and Celebrations

 

a portfolio company of

Endless LLP

£30,000,000

Revolving Line of Credit and Term Loan

Consumer Products

Financing Event: Growth
PNC Deal Leader: Lee Baty

The Company: World Leader

Headquartered in Milton Keynes, Amscan International is a global designer, manufacturer, distributor and retailer of party products, including balloons and costumes. Employing more than 300 people in the UK and 2,500 worldwide spread over four continents, Amscan International is unique for the category due to the vertically integrated nature of the Group.

The Deal: Outstanding Performance

The new PNC facility comes on the back of an outstanding year for the company. The management buy-out supported by Endless LLP was quickly followed by two significant bolt-on acquisitions, namely Luftballon-Markt and Ginger Ray.

The Achievement: Success and Celebration

PNC’s facility delivers full ABL multi-jurisdictional flexibility to help drive Amscan International’s significant plans to further build its strong customer base across the UK, Europe, Asia and Australasia.

Joe Hennigan, Chief Financial Officer and Chief Operating Officer, Amscan International, said: “It’s a great testament to the robust health of our business that there was significant appetite from a range of lenders in supporting the next phase of our growth. As a global, multi-channel business we required a lender that could match our footprint and ambition, and we are delighted to be partnering with PNC which shows their ability to provide innovative financing solutions to global businesses of scale. This financing package will enable us to accelerate investment in our business.”

We are delighted that PNC has supported Amscan International with this new funding package, and that we have secured a financing partner that shares our ambitious plans to further develop the business in the coming months and years.

Matthew Jubb | Partner, Endless LLP

Important Legal Disclosures & Information

Neither PNC Financial Services UK Ltd. nor PNC Bank Canada Branch provides legal, tax or accounting advice.

Read a summary of privacy rights for California residents which outlines the types of information we collect, and how and why we use that information.

©2022 The PNC Financial Services Group, Inc. All Rights Reserved.