AAH Holdings, owned by Berkshire Partners LLC and Weston Presidio, said it paid approximately $364 million to shareholders as part of the acquisition. A majority of Party City shareholders approved that transaction at a special meeting on Dec. 7.
The merger agreement, which was completed late last week, ended the sale of the company's common stock, which stopped trading on Nasdaq at the close of business on Dec. 23. The stock has since been delisted.
"The acquisition of Party City represents an exciting opportunity to capitalize on the growth in the party superstore channel," said Robert J. Small, chairman of AAH Holdings said in a statement announcing the acquisition's completion.
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