UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): June 17, 2003
Commission file number 1-5064
Jostens, Inc.
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(Exact name of Registrant as specified in its charter)
Minnesota 41-0343440
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(State or other jurisdiction (I.R.S. Employer Identification number)
of incorporation organization)
5501 Norman Center Drive,
Minneapolis, Minnesota 55437
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (952) 830-3300
Item 9. Regulation FD Disclosure
Reference is made to the Registrant's Press Release, dated June 17, 2003,
which is included herewith as Exhibit 99.1.
Item 7. Financial Statements and Exhibits
(c) Exhibits
Exhibit Description
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99.1 Press release issued by Jostens on June 17, 2003.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
JOSTENS, INC.
Date: June 17, 2003 /s/ Paula R. Johnson
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Paula R. Johnson
Vice President, General Counsel and
Corporate Secretary
EXHIBIT INDEX
Exhibit Description
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99.1 Press release issued by Jostens on June 17, 2003.
Exhibit 99.1
Contact: Jack Larsen
(952) 830-3381
FOR IMMEDIATE RELEASE
CSFB PRIVATE EQUITY TO ACQUIRE JOSTENS, INC. FROM INVESTCORP
MINNEAPOLIS, MINNESOTA, JUNE 17, 2003 - Jostens, Inc., a leading provider
of school-related affinity products and services including yearbooks, class
rings and graduation products in North America, today announced that it has
signed a definitive merger agreement under which DLJ Merchant Banking Partners
III, L.P. and affiliated funds, each managed by CSFB Private Equity, will
acquire Jostens for cash consideration of approximately $48 per common share.
Jostens is currently 88% owned by Investcorp, a global investment group, its
co-investors and MidOcean Partners. The transaction is expected to close by
September 30, 2003.
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 $20 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 AG 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. CSFB Private Equity is comprised of
investment funds that focus globally on leveraged buyouts, mezzanine, real
estate and venture capital investments as well as primary and secondary
purchases of interests in private investment funds. CSFB Private Equity includes
the family of DLJ Merchant Banking funds and the Sprout funds as well as the
Private Fund Group, which is dedicated to raising investment capital for global
private investment firms. CSFB Private Equity maintains offices in New York, Los
Angeles, Menlo Park, Chicago, San Francisco, Houston, London, Buenos Aires, Hong
Kong and Tokyo.
About Jostens
Founded in 1897, Jostens is a provider of products, programs and services
that help people celebrate important moments, recognize achievements and build
affiliation. The company's products include yearbooks, class rings, graduation
products, school photography, and awards for athletes and fans. For the year
ended December 28, 2002, Jostens had net sales of $756 million, net income of
$29.9 million and EBITDA (earnings before interest, taxes, depreciation and
amortization) of $160.9 million.
Contacts: CSFB Investcorp Jostens, Inc.
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Victoria Harmon Todd Fogarty Jack Larsen
CSFB Kekst and Company Jostens
(212) 325-6914 (212) 521-4854 (952) 830-3381