Financing Event: Growth
PNC Deal Leader: Lee Baty
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 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.
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
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