Anagram exits bankruptcy

Anagram has successfully completed its sale and emerged from Chapter 11 as an independent company.

Anagram International and its affiliated debtors, has confirmed the sales of its assets in accordance with Section 363 of the Bankruptcy Code to Celebration Bidco at the end of 2023.

Celebration Bidco’s bid was selected following a competitive sale process. A key component of the sale was the assumption of trade payables and the retention of all Anagram employees.

Celebration Bidco comprises a group of Anagram’s pre-bankruptcy investors, including funds managed by Barings, JP Morgan, Neuberger Berman Investment Advisors and Littlejohn & Co.

Anagram emerges from the sale well capitalised for the future with additional capital contribution and access to expanded borrowing capacity.

Jim Plutt, president of Anagram International, commented: “I am grateful for the dedication and commitment of all of our employees as we navigated this process and for the continued support of our vendors and customers.

“As we embark on this fresh start with a stronger balance sheet and new capital, we are focused on further investing in our team and our industry-leading innovation in the years to come and delivering even greater value to our stakeholders.”

“We have long admired Anagram and its team as the company has continued to lead the foil balloon industry in innovation and quality for decades,” said Gentry Klein, managing director at Littlejohn & Co.

“We are excited to partner with Jim and the Anagram team for this next chapter as an independent company and support them as they capitalise on new growth opportunities and expand their market position globally.”

MORE NEWS
Copy of Progressive Preschool featured image - 2025-05-08T203019.539
 
NABAS, the National Association for Balloon Artists and Suppliers, has unveiled its new branding at the signature Party Industry Event....
Copy of Progressive Preschool featured image - 2025-05-08T202516.186
 
The winners of the NABAS 2025 Awards were announced at the association’s Party Industry Event in Warwick this month. ...
Copy of Progressive Preschool featured image - 2025-05-08T201043.740
 
Card Factory has reported results for the year ended 31 January 2025, with a 6.2% increase in sales year-on-year....
Copy of Progressive Preschool featured image - 2025-05-08T195700.782
 
Oppo Merchandise Group has partnered with Toei Animation to launch its first anime collection....
Copy of Progressive Preschool featured image - 2025-05-08T193834.702
 
Meri Meri has introduced a range of tableware, decor and gifts in collaboration with Liberty....
Copy of Progressive Preschool featured image - 2025-05-08T192518.483
 
Rubies has announced a new partnership with Netflix to secure licensing rights for brands including Stranger Things, Squid Game, The Witcher and One Piece. ...
Get the latest news sent to your inbox
Subscribe to our daily newsletter