London, July 25, 2024 – AURELIUS Finance Company, the Private Debt segment of AURELIUS, announces the successful provision of a fully revolving senior debt facility to support Baaj Capital’s acquisition of the UK trade and assets of Amscan International and its associated companies Christy’s by Design and Ginger Ray. The bespoke and fully revolving structure was delivered within a highly compressed timeframe and is designed to support the initial acquisition consideration before releasing additional working capital headroom as the business grows.

Amscan International had previously been part of the Wonder Group, an international wholesaler and retailer of party supplies. Subsequent to an administration, a sale of the UK businesses to Baaj Capital was agreed, with AURELIUS Finance Company providing the senior debt facility to support the acquisition consideration and ongoing working capital financing.

“We are delighted to conclude the purchase of the trade and assets of these three companies, saving the jobs of more than 100 employees in the process. AURELIUS Finance Company partnered with us throughout the acquisition process and were committed to delivering a tailored facility which drives the optimum level of working capital funding. From the beginning, their senior team was heavily involved and able to structure and deliver a bespoke facility to a very tight timeframe. With the acquisition completed, we look forward to working alongside AURELIUS Finance Company to continue to grow the business,” commented Jas Singh, Founder & CEO of Baaj Capital.

“Partnering with Baaj Capital through this acquisition marks another exciting milestone for AURELIUS Finance Company. For the third time in recent months, we have created a bespoke financing for a complex, investor-backed acquisition. We are delighted to have played a vital role in helping to secure the future of a business which can trace its roots back to 1773. With Baaj’s new investment, an enhanced management team, and a well-structured senior debt facility in place, we look forward to supporting Amscan to thrive under its new ownership,” said James Marler, Director and Head of New Business at AURELIUS Finance Company.

AURELIUS Finance Company was advised on this transaction by DLA Piper (Legal Advisory) and European Valuations (Asset Diligence). Baaj Capital was further advised by Shoosmiths and Clarions (Legal Advisory).