Czechoslovak 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.

VISTA OUTDOOR INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Vista Outdoor Inc. - VSTO

Retrieved on: 
수요일, 10월 18, 2023
Professional Services, Legal, Finance, Alpha Sports Productions, Czechoslovak Group, Sale, KSF, NYSE

Former Attorney General of Louisiana Charles C. Foti, Jr., Esq.

Key Points: 
  • Former Attorney General of Louisiana Charles C. Foti, Jr., Esq.
  • and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating Vista Outdoor Inc. (“the Company”) (NYSE: VSTO) regarding the proposed sale of its Sporting Products business to Czechoslovak Group a.s. KSF is seeking to determine whether the transaction and the process that led to it are adequate and fair to the Company’s shareholders.
  • To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com .
  • View source version on businesswire.com: https://www.businesswire.com/news/home/20231018145436/en/

The Czechoslovak Group Enters into Definitive Agreement to Acquire Vista Outdoor’s Sporting Products Business for $1.91 Billion

Retrieved on: 
월요일, 10월 16, 2023
Banking, Contracts, Professional Services, Law Enforcement, Emergency Services, Technology, Defense, Other Manufacturing, Finance, Aerospace, Other Technology, Manufacturing, Public Policy, Government, Investment, Mobility, NYSE, Acquisition, LLP, Remington, EBITDA, Vista Outdoor, CSG, Interim, Fiocchi Munizioni, Morgan Stanley, Czechoslovak Group, Daisy Outdoor Products, Business projects of Donald Trump in Russia, Cravath, Swaine & Moore, CCI, History, Federal, Clifford Chance, Peak Sport Products, Hunting, Speer

The Czechoslovak Group (“CSG”) announced today that it has entered into a definitive agreement to acquire Vista Outdoor Inc.’s (NYSE: VSTO) (“Vista Outdoor”) Sporting Products business for a total consideration of $1.91 billion, valuing the business at approximately 5x Fiscal Year 2024E EBITDA, including estimated standalone costs.

Key Points: 
  • The Czechoslovak Group (“CSG”) announced today that it has entered into a definitive agreement to acquire Vista Outdoor Inc.’s (NYSE: VSTO) (“Vista Outdoor”) Sporting Products business for a total consideration of $1.91 billion, valuing the business at approximately 5x Fiscal Year 2024E EBITDA, including estimated standalone costs.
  • CSG will partner with the existing management to pursue the continued growth path envisaged for the Sporting Products business over the coming years.
  • Headquartered in Anoka, Minnesota, Vista Outdoor’s Sporting Products business is a leading ammunition manufacturer in the U.S. commercial and law enforcement markets.
  • Jason Vanderbrink will remain CEO of the Sporting Products business and the U.S. headquarters will remain in Anoka, Minnesota.

Vista Outdoor Enters into Definitive Agreement to Sell Sporting Products Business to Czechoslovak Group for $1.91 Billion

Retrieved on: 
월요일, 10월 16, 2023
Outdoors, Sports, Other Retail, Retail, Specialty, Investment, NYSE, Bushnell, Gibson Dunn, Family, Permanent S Corporation Built-in Gains Recognition Period Act of 2014, Telephone, LLP, CamelBak, Acquisition, Corporation, General counsel, Remington, Speer, CSG, Vista Outdoor, Bank statement, Morgan Stanley, Czechoslovak Group, Bell, Daisy Outdoor Products, Webcast, Cravath, Swaine & Moore, CCI, Sport, Federal, Sale, Controller, Clifford Chance, CFO, Peak Sport Products, Management

Vista Outdoor Inc. (NYSE: VSTO) (“Vista Outdoor”), the parent company of 41 renowned brands that design, manufacture and market sporting and outdoor products to consumers around the globe, today announced a definitive agreement to sell its Sporting Products business to Czechoslovak Group a.s. (“CSG”) for an enterprise value of $1.91 billion in an all-cash transaction subject to customary closing conditions.

Key Points: 
  • Vista Outdoor Inc. (NYSE: VSTO) (“Vista Outdoor”), the parent company of 41 renowned brands that design, manufacture and market sporting and outdoor products to consumers around the globe, today announced a definitive agreement to sell its Sporting Products business to Czechoslovak Group a.s. (“CSG”) for an enterprise value of $1.91 billion in an all-cash transaction subject to customary closing conditions.
  • “This is an important strategic step for our company in creating value through separating our Outdoor Products and Sporting Products segments,” said Gary McArthur, interim CEO of Vista Outdoor.
  • To effect the transaction, Vista Outdoor will separate its Outdoor Products business from its Sporting Products business, and CSG will merge one of its subsidiaries with Vista Outdoor (holding only the Sporting Products business), with current public stockholders of Vista Outdoor receiving shares of Outdoor Products ( recently rebranded as Revelyst ) and approximately $750 million in cash in the aggregate.
  • Morgan Stanley & Co. LLC is acting as sole financial adviser to Vista Outdoor and Cravath, Swaine & Moore LLP is acting as legal adviser to Vista Outdoor.

VSTO Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Vista Outdoor’s Sporting Products Business Is Fair to Shareholders

Retrieved on: 
월요일, 10월 16, 2023
Class Action Lawsuit, Professional Services, Legal, Czechoslovak Group, Vista Outdoor, NYSE, Fraud, Sale, Advertising

Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Vista Outdoor Inc.’s (NYSE: VSTO) Sporting Products business to Czechoslovak Group is fair to Vista Outdoor shareholders.

Key Points: 
  • Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Vista Outdoor Inc.’s (NYSE: VSTO) Sporting Products business to Czechoslovak Group is fair to Vista Outdoor shareholders.
  • The investigation concerns whether Vista Outdoor and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Vista Outdoor shareholders; (2) determine whether Czechoslovak is underpaying for Vista Outdoor’s Sporting Products business; and (3) disclose all material information necessary for Vista Outdoor shareholders to adequately assess and value the merger consideration.
  • On behalf of Vista Outdoor shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
  • Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.