Goldman Sachs and Deutsche Bank will be leading the financing backing Fenway Partners' $410 million acquisition of American Achievement Corp. from Castle Harlan. A banker said it is too early for the debt structure to be determined. AAC is a provider of yearbooks and class rings. AAC was created through Castle Harlan's acquisition of two class ring businesses, the ArtCarved division of CJC Holdings and the L.G. Balfour subsidiary of Town & Country Corp., in December 1996. The total purchase price for the two companies was $130.6 million, plus $40.6 million for working capital. A Fenway spokesman declined comment.
Banks Prep American Achievement