Koch Equity Development invests $450 million for a minority stake in Jostens as part of a $640 million recapitalization plan designed to enhance growth and innovation.

Target Company Information

Jostens, headquartered in Minneapolis, is a leading provider of custom class jewelry, graduation products, and yearbooks, catering to the K-12 and college education markets. Established in 1897, Jostens has built a strong reputation as a trusted partner in the student commemoration market, delivering products and services that foster a culture of belonging, achievement, and pride among students.

Recently, Jostens announced a substantial recapitalization effort amounting to nearly $640 million, which includes a strategic equity investment of $450 million from Koch Equity Development LLC (KED). This investment, contingent upon the successful completion of a debt refinancing transaction, allows KED to acquire a minority stake in the business while funding distributions to Jostens’ existing equity holders.

Industry Overview in the United States

The student commemoration market in the United States has seen steady growth over recent decades, driven by demand for personalized educational experiences and products. Educational institutions are