Sylvan to buy 19% of Jostens Learning

Maryland Watch

November 12, 1996

Sylvan Learning Systems Inc. has agreed to buy a 19 percent stake in Jostens Learning Corp., a San Diego-based company that develops educational software and sells it to about 13,000 U.S. schools, including public systems and private and parochial schools.

Columbia-based Sylvan did not say yesterday how much it paid for its Jostens Learning stake. A Sylvan spokeswoman said the company is not part of Jostens Inc., best known for selling class rings.

Sylvan President Douglas Becker said the deal gives Sylvan new relationships with school officials, which it hopes to use as levers to bring more business to its testing and tutoring services.

Jostens said its products are used by more than 9 million U.S. students. The company is privately held by an investment group that is led by Information Partners of Boston, Bain Capital and Dun & Bradstreet.

Sylvan spokeswoman Vickie Glazar said she had no information about how soon the investment would begin to increase Sylvan's earnings. Its stock fell $1.25 yesterday to close at $29.75, still near the 52-week high it reached last week.

Pub Date: 11/12/96

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