KKR, aPriori to Sell Jostens at $1.5B EV, 7.5x Adjusted EBITDA
October 15, 2015
Consumer products company Jarden (NYSE: JAH) has agreed to acquire the parent company of Jostens from KKR and aPriori Capital Partners for an enterprise value of approximately $1.5 billion, or about 7.5x adjusted EBITDA. Founded in 1897, Jostens provides products, programs and services intended to help its customers celebrate important moments; its portfolio includes yearbooks, publications, jewelry and consumer goods that serve the K-12 educational, college and professional sports segments. Jostens, which generates approximately $740 million in annual revenue, will be reported as part of Jarden's Outdoor Solutions business. The transaction is expected to close in 4Q.