Endless Portfolio Company Amscan International Secures Gbp30M Funding Package
01/11/21, 12:00 AM
Location
leeds
Amscan International, a designer, manufacturer, distributor and retailer of party products and a portfolio company of Leeds-based private equity firm Endless, has secured a GBP30 million funding package.
Company Info
Location
leeds, england, united kingdom
Additional Info
Amscan International, a designer, manufacturer, distributor and retailer of party products and a portfolio company of Leeds-based private equity firm Endless, has secured a GBP30 million funding package.Milton Keynes-headquartered Amscan International’s funding comes on the back of an outstanding year for the company which started with an Endless supported management buy-out in January 2021. This was quickly followed by two significant bolt-on acquisitions comprising Germany-based foil balloon printing technology business Luftballon-Markt in August and leading party brand Ginger Ray in October. Amscan International’s revenues are forecast to hit a record GBP215 million for the financial year ended 31 December 2021, a 30 per cent increase on the previous period. The company, which employs more than 300 people in the UK and 2,500 worldwide, has agreed the funding facility with financial services provider PNC. The firm looks to support buyouts, non-core acquisitions from larger groups, turnarounds and financial restructurings. Endless partner, Matthew Jubb, says: “We are delighted that PNC have 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.” As well as the UK Amscan International will use it to secure and create further growth and investment opportunities for the business. , Amscan International has offices in Ireland, Germany, Australasia and Asia.