Global private equity firms Advent International Corp., Berkshire Partners and Weston Presidio are considering going ahead with an initial public offering (IPO) of Party City Holdings, Bloomberg reports. The $350 million offering is being led by Goldman Sachs Group, Bank of America Corp., Barclays and Deutsche Bank.
The three firms jointly hold a 91 percent stake in the retailer of balloons, costumes and plastic forks. Party City filed the papers for its IPO in April but delayed the issue due to the decline in stock markets.
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