M&A Deal Summary

MidOcean Partners Acquires Jostens

On May 1, 2000, private equity firm MidOcean Partners acquired consumer products company Jostens

Acquisition Highlights
  • This is MidOcean Partners’ 2nd transaction in the Consumer Products sector.
  • This is MidOcean Partners’ 2nd transaction in the United States.
  • This is MidOcean Partners’ 1st transaction in Minnesota.
Investment Fate
  • Jostens was sold to a strategic buyer in 2004.
  • Jostens was divested to a consortium of strategic buyers in 2015.
  • Jostens was divested to a consortium of buyers in 2018 for 1.3B USD.

M&A Deal Summary
Date 2000-05-01
Target Jostens
Sector Consumer Products
Buyer(s) MidOcean Partners
Deal Type Secondary Buyout

Target

Jostens

Minneapolis, Minnesota, United States
website
Jostens' corporate headquarters in Minneapolis, Minnesota.
Jostens' corporate headquarters in Minneapolis, Minnesota.
Jostens is a producer of school-related affinity products, including yearbooks, class rings, announcements and accessories, diplomas, caps and gowns and school photography. Jostens' products celebrate important moments and recognize achievements in high schools, colleges and middle schools and the Company is also a leading provider of products to athletic chmiampions and their fans.

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Buyer(S) 1

Buyer

MidOcean Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2003
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

MidOcean Partners is a private equity firm focused on acquiring controlling interests in middle-market companies throughout North America. The Firm has a preference for consumer and business services sectors including automotive, food/beverage, retail, consumer products, information services, infrastructure services, training and more. MidOcean seeks opportunities valued between $150 and $750 million where it can commit $75 to $300 million. In addition to investing equity, MidOcean also looks to provide flexible credit solutions as well. MidOcean Partners was formed in 2003 and is based in New York, New York.

DEAL STATS #
Overall 3 of 57
Sector (Consumer Products) 2 of 14
Type (Secondary Buyout) 1 of 24
State (Minnesota) 1 of 3
Country (United States) 2 of 52
Year (2000) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-04-01 United Biscuits

Middlesex, United Kingdom

United Biscuits is a European manufacturer and marketer of biscuits, snacks and nut products including major brands such as McVitie's Digestive, Penguin, Jaffa Cakes, Go Ahead! KP, Hula Hoops, Skips, BN, Verkade and Delacre.

Buy €2.9B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-11-29 Strayer Education

Herndon, Virginia, United States

Strayer Education is an education services holding company that owns Strayer University and certain other assets. Strayer's mission is to make higher education achievable for working adults in today's economy. Strayer Education was founded in 1892 and is based in Herndon, Virginia.

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