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PE Firm Advent Wants Out Of Party City IPO Class Action

By Joyce Hanson ( July 5, 2016, 2:43 PM EDT) -- Private equity firm Advent International Corp. sought to dismiss a class action claim brought against it as part of a suit filed by investors unhappy with Party City Holdco Inc.'s initial public offering in New York federal court on Friday, saying Advent had no control over the party supplies giant's alleged misrepresentations in the lead-up to the IPO....

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