Suma Capital acquires 22.5% stake in Party Fiesta

The fresh capital will be invested in the opening of new stores across Europe and the development of an e-commerce platform. Party Fiesta plans to invest €15m in order to double its number of locations to around 200 by 2018.

Capital for the transaction was reportedly drawn from Suma Capital Growth Fund, a 2013-vintage vehicle with a €100m target.

The existing owners, the Hernández family, will retain the remainder of shares in the business following completion of the deal.

Company
Founded in 1994 and headquartered in Hospitalet de Llobregat, near Barcelona, Party Fiesta is a party costume and accessories retailer. The business currently has 96 outlets and stores across Spain, Portugal, France, the UK and Germany with a total headcount of 400.

In 2014 Party Fiesta generated a turnover of around €30m, a 25% year-on-year increase.

People
Enrique Tombas is partner and CEO at Suma Capital. Lolo Hernández is CEO of Party Fiesta.

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• Topics
• Expansion
• Consumer
• Southern Europe
• Spain
• Suma Capital