Exhibit 99.1


            DLJ MERCHANT BANKING PARTNERS III, L.P. COMPLETES BUYOUT
                           OF JOSTENS FROM INVESTCORP

NEW YORK AND MINNEAPOLIS, JULY 29, 2003 -- CSFB Private Equity and Jostens, Inc.
announced today that DLJ Merchant Banking Partners III, L.P. has completed its
previously announced acquisition of Jostens, Inc. from Investcorp, MidOcean
Partners and other Jostens shareholders at approximately $48 per common share in
cash. The transaction had a total enterprise value of approximately $1.2
billion.

Robert Buhrmaster, CEO of Jostens, said "We have enjoyed working with Investcorp
and look forward to the next period of our history with DLJ Merchant Banking as
our partners. DLJ Merchant Banking has a growth oriented vision for our company
with a great appreciation for our role in serving students, teachers and
administrators."

David Wittels, Managing Director of CSFB Private Equity, said "We are excited
about the opportunity to partner with a highly regarded management team led by
Bob Buhrmaster and President Mike Bailey. Jostens is a strong franchise with a
well established brand name that will continue its tradition of high quality
service to the school community."

ABOUT JOSTENS

Founded in 1897, Jostens is a leading provider of products, programs and
services that help people celebrate important moments, recognize achievements
and build affiliation. The Minneapolis-based company's products include
yearbooks, class rings, graduation products, school photography, and awards for
athletes and fans.

ABOUT INVESTCORP

Investcorp is a global investment group with offices in New York, London and
Bahrain. The firm has four lines of business: corporate investment, real estate
investment, asset management and technology investment. It was established in
1982 and has since completed transactions with an aggregate value of
approximately $25 billion.

In the United States, Investcorp and its clients currently own corporate
investments that include Neptune and the recently acquired Aero Products
International, PlayPower and MW Manufacturers. In Europe, Investcorp and its
clients currently own corporate investments that include Avecia, Gerresheimer
Glas and Welcome Break. Further information is available at www.investcorp.com.

ABOUT CSFB PRIVATE EQUITY

CSFB Private Equity, the global private equity arm of Credit Suisse First
Boston, is the largest private equity manager in the world, with more than $28
billion of assets under management. DLJ Merchant Banking Partners III, L.P., a
fund managed by CSFB Private Equity, is a $5.3 billion leveraged buyout fund
with recent representative investments in TXU Energy, Nycomed, Safilo, Axis
Specialty Insurance and Advanstar.

Contacts:  CSFB                    INVESTCORP                JOSTENS, INC.
           ----                    ----------                -------------
           Victoria Harmon         Todd Fogarty              Jack Larsen
           CSFB                    Kekst and Company         Jostens
           (212) 325-6914          (212) 521-4854            (952) 830-3381