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Private equity group confirms Herff Jones buyout

Charlesbank Capital Partners and Partners Group say the purchase—reportedly for $1.5 billion—ensures the educational-products company “has the capital structure, resources, and financial flexibility” to further expand.

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UPDATE: NCAA player graduation rates on the rise

College athletes are graduating at record numbers and with better rates than non-athletes, according to new statistics released Tuesday by the Indianapolis-based NCAA. Critics are balking at the interpretation of those numbers.

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Maker of class rings may fetch $1 billion

Herff Jones might be on the verge of a sale for as much as $1 billion. The 94-year-old maker of class rings and yearbooks, quietly renamed Varsity Brands Inc. in June, has hired the investment banking firm Jefferies to explore a sale, unidentified sources told Reuters.

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