Party City Holdings, a vertically integrated party supply retailer with over 1,200 locations, officially withdrew its plans for an initial public offering on Friday following its acquisition by private equity firm Thomas H. Lee on June 5, 2012.
The Elmsford, NY-based company was founded in 1947 and booked $1.9 billion in sales for the 12 months ended December 31, 2011. Goldman Sachs, BofA Merrill Lynch and Barclays were set to be the joint bookrunners on the deal.
