Kinetic Group

CSG Appoints Paul Lemke as CEO of CSG USA

Retrieved on: 
월요일, 5월 6, 2024
Kinetic Group, Vista Outdoor, Straight Flush, CSG, Law enforcement, Federal Bureau of Investigation, Fiocchi Munizioni, Knowledge, Government, Firearm, Acquisition, Czechoslovak Group, Growth, Drug

PRAGUE, May 6, 2024 /PRNewswire/ -- Czechoslovak Group ("CSG"), a leading global industrial holding company, has appointed Paul Lemke to serve as Chief Executive Officer of CSG USA, the company's Virginia-based U.S. division. As part of his new role, Mr. Lemke will be responsible for identifying opportunities for growth and innovation and for developing strategic trade relationships with key business segments, including the U.S. Armed Forces, law enforcement and other government agencies. Mr. Lemke has nearly three decades of military and business experience in the firearms and ammunition industries. He served for 20 years in the U.S. Army, working in military diplomacy and security assistance, retiring with the rank of lieutenant colonel.

Key Points: 
  • CSG USA plays a key role in serving the U.S. market and growing global trade opportunities on behalf of CSG.
  • "Paul brings significant experience and knowledge of the U.S. market and our industry and we are pleased to welcome him as CEO of CSG USA," said David Štěpán, Member of the Board of Directors of CSG and CEO of the CSG Ammo+ division.
  • Paul Lemke served for 20 years in the U.S. Army, where he rose to the rank of lieutenant colonel.
  • In March 2024, he joined CSG USA as CEO.

CSG Sends Letter to Senator J.D. Vance Addressing His Concerns Regarding Planned Acquisition of Vista Outdoor’s Sporting Products Business, The Kinetic Group

Retrieved on: 
화요일, 4월 16, 2024
Contracts, Defense, Military, Kinetic Group, Vista Outdoor, General Dynamics Land Systems, Sale, Army, CSG, Treasury, Raytheon Technologies, Nonsense, History, Vladimir Putin, General Dynamics, Acquisition, Afghan Army, Mining, Government, Czechoslovak Group, Letter, FMG, CFIUS, Arms industry

Vance (R-OH) addressing concerns he raised in a letter to U.S. Treasury Secretary Janet Yellen in connection to CSG’s proposed acquisition of Vista Outdoor Inc.’s (NYSE: VSTO) (“Vista Outdoor”) Sporting Products business – recently renamed The Kinetic Group.

Key Points: 
  • Vance (R-OH) addressing concerns he raised in a letter to U.S. Treasury Secretary Janet Yellen in connection to CSG’s proposed acquisition of Vista Outdoor Inc.’s (NYSE: VSTO) (“Vista Outdoor”) Sporting Products business – recently renamed The Kinetic Group.
  • The full text of the letter can be found below:
    In January, you sent a letter to Treasury Secretary Janet Yellen expressing your concerns about the proposed sale of The Kinetic Group, formerly Vista Outdoor’s Sporting Products business, to our company, The Czechoslovak Group (“CSG”).
  • In your letter, you claimed that CSG is a company with a long record of wrongdoing and well-documented connections to American adversaries.
  • That's why we invite you to visit CSG member companies in the U.S. and Europe to experience first-hand who we really are.

The Czechoslovak Group Highlights the Benefits of Its Planned Acquisition of Vista Outdoor’s Sporting Products Business, The Kinetic Group

Retrieved on: 
월요일, 4월 8, 2024
Defense, Aerospace, Manufacturing, Military, Government Technology, Other Defense, Contracts, Kinetic, Firearm, Vista Outdoor, Growth, CFIUS, Czechoslovak Group, JPMorgan Chase, Committee, Acquisition, CCI, Foreign investment, Kinetic Group, Fiocchi Munizioni, Plant, CSG, Hart–Scott–Rodino Antitrust Improvements Act, Federal, Federal Trade Commission

CSG also highlighted the benefits of its planned Acquisition:

Key Points: 
  • CSG also highlighted the benefits of its planned Acquisition:
    “CSG is a leading industrial technology company operating across strategic business segments including defense, aerospace, ammunition and mobility.
  • We look forward to successfully closing the Acquisition of The Kinetic Group and becoming the steward of such venerable American brands as Federal, CCI and Remington.
  • CSG understands the special importance to American consumers of the brands that are part of The Kinetic Group.
  • Working alongside Vista Outdoor, we are actively engaged in the process and believe we will secure all required approvals.

CFIUS Accepts Re-filed Notice for Proposed Sale of The Kinetic Group to CSG

Retrieved on: 
목요일, 3월 28, 2024
Other Manufacturing, Other Sports, General Sports, Sports, Other Retail, Specialty, Manufacturing, Retail, Online Retail, CFIUS, Committee, Acquisition, Foreign investment, Kinetic Group, CSG, Transaction

Vista Outdoor Inc. (“Vista Outdoor”, “we”, “us” or “our”) (NYSE: VSTO) and Czechoslovak Group a.s. (“CSG”) announced today that they have voluntarily withdrawn and re-filed their joint voluntary notice to the Committee on Foreign Investment in the United States (“CFIUS”) to allow CFIUS additional time to conduct diligence on the proposed acquisition by CSG of Vista Outdoor’s The Kinetic Group business (the “Transaction”).

Key Points: 
  • Vista Outdoor Inc. (“Vista Outdoor”, “we”, “us” or “our”) (NYSE: VSTO) and Czechoslovak Group a.s. (“CSG”) announced today that they have voluntarily withdrawn and re-filed their joint voluntary notice to the Committee on Foreign Investment in the United States (“CFIUS”) to allow CFIUS additional time to conduct diligence on the proposed acquisition by CSG of Vista Outdoor’s The Kinetic Group business (the “Transaction”).
  • CFIUS’s acceptance of the re-filed joint voluntary notice has commenced a new review period.
  • As part of its review process, CFIUS can permit parties to voluntarily withdraw and re-file to enable a complete and thorough review by CFIUS.
  • We’re pleased CFIUS accepted our re-filed notice, which will allow the work to continue.

MNC Capital Increases Proposal to Acquire Vista Outdoor to $37.50 Per Share

Retrieved on: 
월요일, 3월 25, 2024
Finance, Outdoors, Sports, Professional Services, General Sports, MNC, Vista Outdoor, Letter, CFIUS, Kinetic Group

MNC Capital Partners, L.P. (“MNC”) today announced that it has submitted an increased all-cash proposal to acquire Vista Outdoor, Inc. (NYSE: VSTO) (“Vista” or the “Company”) for $37.50 per share, or approximately $3.0 billion.

Key Points: 
  • MNC Capital Partners, L.P. (“MNC”) today announced that it has submitted an increased all-cash proposal to acquire Vista Outdoor, Inc. (NYSE: VSTO) (“Vista” or the “Company”) for $37.50 per share, or approximately $3.0 billion.
  • Vista’s shares were trading below $30.00 per share when MNC made its initial proposal on February 19, 2024.
  • MNC has provided the details of its financing to Vista, as well as all other information that Vista requested in its March 4, 2024 letter.
  • MNC expects Vista to promptly engage and agree to MNC’s proposal, which is clearly in the best interest of Vista’s shareholders and employees.

Vista Outdoor Clears Key Milestone in Sale of The Kinetic Group to CSG and the Separation of Revelyst into a Standalone Public Company

Retrieved on: 
금요일, 3월 22, 2024
Other Manufacturing, Other Consumer, Sports, Hunting, Other Retail, Manufacturing, Fishing, Consumer, Retail, Outdoors, Kinetic, Vista Outdoor, CFIUS, Form, Carolina Christian College, Committee, Sale, Acquisition, Foreign investment, Kinetic Group, Plant, CSG, Special, Central Time, Transaction, British, Register

The announcement is a key achievement in Vista Outdoor’s strategic plan to unlock value by separating its Revelyst and The Kinetic Group segments into separate companies.

Key Points: 
  • The announcement is a key achievement in Vista Outdoor’s strategic plan to unlock value by separating its Revelyst and The Kinetic Group segments into separate companies.
  • “We are excited to reach this important milestone as we position The Kinetic Group and Revelyst for long-term success,” said Michael Callahan, Chairman of the Vista Outdoor Board of Directors.
  • “We believe the proposed sale provides is the best strategic alternative to maximize value for stockholders.
  • As we look ahead to Revelyst being a standalone company post-separation, our brand-led consumer obsessed and maker-fueled culture is coming into shape.

Vista Outdoor Foundation Donates $208,000 to Four Nonprofits

Retrieved on: 
월요일, 3월 18, 2024
Other Sports, Fund Raising, Foundation, Philanthropy, Biking, Cycling, Family, Sports, Consumer, Other Manufacturing, Specialty, Other Philanthropy, Outdoors, Manufacturing, Retail, Golf, General Sports, Children, Organization, Education, Communication, Kinetic Group, Marketing, Public affairs, Mentorship

The Vista Outdoor Foundation (the “Foundation”), the philanthropic partner of Vista Outdoor Inc. (NYSE: VSTO), today announced the donation of $208,000 to four nonprofit organizations, concluding a multi-year grant commitment.

Key Points: 
  • The Vista Outdoor Foundation (the “Foundation”), the philanthropic partner of Vista Outdoor Inc. (NYSE: VSTO), today announced the donation of $208,000 to four nonprofit organizations, concluding a multi-year grant commitment.
  • Outdoors Tomorrow Foundation: The Outdoors Tomorrow Foundation teaches outdoor education and promotes and funds conservation of wildlife worldwide.
  • The donations mark the final contributions from the Vista Outdoor Foundation.
  • “For the last several years, the Vista Outdoor Foundation has supported more than a dozen nonprofits through our robust grant program,” said Fred Ferguson, Chairman of the Vista Outdoor Foundation and Vice President of Public Affairs and Communications for Vista Outdoor’s Revelyst segment.

MNC Capital Submits Proposal to Acquire Vista Outdoor for $35.00 Per Share in Cash

Retrieved on: 
금요일, 3월 1, 2024
Outdoors, Professional Services, Sports, Finance, Acquisition, FTI Consulting, Confidentiality, Vista, Sale, Transaction, Letter, Autumn, Element, Foreign investment, Proposal, Department of Defence, State, MNC, CFIUS, Kinetic Group, Commercial property

We are writing to express our strong interest in acquiring all the outstanding shares of Vista Outdoor Inc. (“Vista” or the “Company”) for a purchase price per share of $35.00 in cash (the “Transaction”).

Key Points: 
  • We are writing to express our strong interest in acquiring all the outstanding shares of Vista Outdoor Inc. (“Vista” or the “Company”) for a purchase price per share of $35.00 in cash (the “Transaction”).
  • The proposed price offers a substantial premium to Vista’s share price, which already reflects a takeover premium.
  • Given Vista’s share price is currently trading close to its 52-week high, our proposal also reflects a highly attractive value overall to Vista’s shareholders.
  • The Board is currently reviewing the proposal consistent with its fiduciary duties, in consultation with our legal and financial advisors.

Vista Outdoor Announces Public Filing of Form 10 Registration Statement

Retrieved on: 
화요일, 9월 5, 2023
Outdoors, Professional Services, Sports, Finance, LLP, Bell, Sport, CamelBak, Peak Sport Products, File, Marketing, Calendar, Risk management, Cravath, Swaine & Moore, McArthur, Bushnell, Vista Outdoor, Kinetic Group, Form 10-K, Growth, Security (finance), NYSE, Daisy Outdoor Products, Management

Vista Outdoor Inc. (NYSE: VSTO), the parent company of 41 renowned brands that design, manufacture and market sporting and outdoor lifestyle products to consumers around the globe, today publicly filed its Form 10 registration statement with the Securities and Exchange Commission (SEC).

Key Points: 
  • Vista Outdoor Inc. (NYSE: VSTO), the parent company of 41 renowned brands that design, manufacture and market sporting and outdoor lifestyle products to consumers around the globe, today publicly filed its Form 10 registration statement with the Securities and Exchange Commission (SEC).
  • The filing was made in connection with its previously announced plan to separate its Outdoor Products and Sporting Products segments into two independent, publicly traded companies.
  • The Outdoor Products company will be a collective of category-defining brands that design and manufacture performance gear and precision technologies.
  • Vista Outdoor will soon announce the name and branding of the new Outdoor Products company.

Vista Outdoor’s Sporting Products Announces New Name as Company Separation Nears

Retrieved on: 
목요일, 8월 10, 2023
Sports, Online Retail, Outdoors, Other Retail, General Sports, Hunting, Specialty, Consumer, Other Manufacturing, Retail, Other Consumer, Manufacturing, General counsel, CCI, Form 10-K, Calendar, Risk management, Federal, McArthur, NYSE, Kinetic, Vista Outdoor, Kinetic Group, Corporation, Remington, CFO, Security (finance), United, Peak Sport Products, Daisy Outdoor Products, Management, Television

The rebranding of Sporting Products is one of several milestones for Vista Outdoor as the company plans to separate its Sporting Products and Outdoor Products segments.

Key Points: 
  • The rebranding of Sporting Products is one of several milestones for Vista Outdoor as the company plans to separate its Sporting Products and Outdoor Products segments.
  • In the Outdoor Products segment, Eric Nyman will begin as CEO of the segment on Aug. 21, and he will be CEO of the new Outdoor Products company post-spin.
  • The new Outdoor Products company will be led by Nyman and a dedicated management team that he will hire.
  • The company expects to create these companies through a tax-free spin-off of its Outdoor Products segment to Vista Outdoor shareholders.