The Firm is representing Jostens, Inc. (“Jostens”) in connection with its announced acquisition of American Achievement Group Holding Corp. (“American Achievement”). American Achievement is a premier provider of commemorative jewelry and recognition products such as class rings, yearbooks, letter jackets and other jewelry, including military and family products. American Achievement’s products and brands include Balfour®, Taylor, ArtCarved® and Keepsake®. The transaction, which is subject to customary closing conditions and regulatory review, is expected to close not later than the second quarter of 2014.
Jostens, a wholly-owned subsidiary of Visant Corporation, creates products including school yearbooks and other memory book products, scholastic products such as class rings and graduation products, and products for athletic champions and their fans. Visant Corporation is a leading marketing and publishing services enterprise servicing the school affinity, direct marketing, fragrance and cosmetics sampling and packaging and educational publishing markets. Visant is controlled by affiliates of Kravis Roberts & Co. L.P. and DLJ Merchant Banking Partners.
The Simpson Thacher included: Marni Lerner, Matthew Rogers, Michael Holick and Luis Pellerano (M&A); Rise Norman (Capital Markets); James Cross, James Doyle and Ryan Song (Credit); Joe Tringali, Michael Naughton and Ken Ehrhard (Antitrust); Andrea Wahlquist and Jeannine McSweeney (Executive Compensation and Employee Benefits); and Steven Todrys and Seojung Park (Tax).
