Two Private Equity Shops To Buy Party City.(Berkshire Partners L.L.C. and Weston Presidio acquire Party City Corp.)(Brief Article)

Last week, Berkshire Partners and Weston Presidio announced they had reached a definitive agreement to acquire Rockaway, N.J.-based party goods chain Party City Corp. for about $360 million. The transaction is going to be financed through a combination of equity and …