
Suma Capital increases stake in Party Fiesta
Spanish GP Suma Capital has increased its stake in party costume and accessories retailer Party Fiesta to 51% via a capital increase.
Suma acquired a stake of around 18% in the business in January 2015 via its €50m fund Suma Capital Growth I. The founding Hernández family retained the remainder of shares in the business.
The GP is currently investing its second growth fund, Suma Capital Growth Fund II, which held a €65m first close in December 2019.
According to press reports, Party Fiesta reported a loss of €1.7m in the year ending in March 2018, after liquidating its subsidiary in France and closing seven outlets in the country.
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 130 outlets and stores across Spain, Portugal, France, the UK and Germany, with a total headcount of 400 people. It generated revenues of around €30m in 2019.
People
Suma Capital – Enrique Tombas (partner).
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