Vista Outdoor

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

Retrieved on: 
Monday, April 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 Confirms Receipt of Revised Indication of Interest from MNC Capital

Retrieved on: 
Monday, March 25, 2024
Sports, Other Retail, Outdoors, General Sports, Specialty, Consumer, Hunting, Other Sports, Other Manufacturing, Water Skiing, Retail, Other Consumer, Manufacturing, Vista Outdoor, Morgan Stanley, LLP, Acquisition, Initial, CSG, Gibson Dunn, Cravath, Swaine & Moore, MNC, Financial adviser

On March 4, 2024, the Vista Outdoor Board of Directors (the “Vista Outdoor Board”) rejected an unsolicited indication of interest received on February 19, 2024 from MNC pursuant to which MNC expressed interest in acquiring Vista Outdoor in an all-cash transaction for $35.00 per Vista Outdoor share (the “Initial MNC Indication”).

Key Points: 
  • On March 4, 2024, the Vista Outdoor Board of Directors (the “Vista Outdoor Board”) rejected an unsolicited indication of interest received on February 19, 2024 from MNC pursuant to which MNC expressed interest in acquiring Vista Outdoor in an all-cash transaction for $35.00 per Vista Outdoor share (the “Initial MNC Indication”).
  • The Vista Outdoor Board carefully reviewed and considered the Initial MNC Indication in consultation with its outside legal and financial advisors.
  • 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.
  • Moelis & Company LLC is acting as sole financial adviser to the independent directors of Vista Outdoor and Gibson, Dunn & Crutcher LLP is acting as legal adviser to the independent directors of Vista Outdoor.

Revelyst Announces Acquisition of PinSeeker, a Leading Skill-Based Golf Simulator Competition Platform

Retrieved on: 
Monday, March 25, 2024
Software, Sports, Entertainment, Other Retail, Apps, Applications, Technology, Golf, Other Manufacturing, Other Communications, Other Entertainment, Retail, Communications, Manufacturing, Friends, Vista Outdoor, LLP, Acquisition, Reed Smith, Foresight, Ecosystem, Sport, Multimedia

The acquisition allows Foresight Sports to capitalize on strong market demand for competitive tournaments and experiences in off-course golf and will fast-track the evolution of Foresight Sports' game and content platform.

Key Points: 
  • The acquisition allows Foresight Sports to capitalize on strong market demand for competitive tournaments and experiences in off-course golf and will fast-track the evolution of Foresight Sports' game and content platform.
  • PinSeeker will be integrated into Foresight Sports, the leading maker of golf launch monitors and simulators, in Revelyst’s Precision Sports Technology platform.
  • “Our two Precision Sports Technology platform brands — Foresight Sports and Bushnell Golf — are best-in-class golf brands.
  • “PinSeeker reinforces that Foresight Sports is the undisputed leader in golf technology,” said Jon Watters, Co-President and General Manager of Revelyst’s Precision Sports Technology platform.

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

Retrieved on: 
Monday, March 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: 
Friday, March 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.

Revelyst to Host Investor Day

Retrieved on: 
Tuesday, March 12, 2024
Sports, Other Retail, Outdoors, General Sports, Consumer, Golf, Other Manufacturing, Fashion, Fishing, Retail, Other Consumer, Biking, Cycling, Manufacturing, Webcast, Sport, Calendar, Vista Outdoor, Sports complex, Q&A, CHRO, Online shopping

Revelyst, a collective of world-class maker brands that design and manufacture performance gear and precision technologies and a segment of Vista Outdoor Inc. (NYSE: VSTO), today announced it will host an Investor Day.

Key Points: 
  • Revelyst, a collective of world-class maker brands that design and manufacture performance gear and precision technologies and a segment of Vista Outdoor Inc. (NYSE: VSTO), today announced it will host an Investor Day.
  • Revelyst is in the process of separating into a standalone public company , with an expected execution in the second quarter of calendar year 2024.
  • The presentations will provide an in-depth review of Revelyst’s strategy, key initiatives, business platforms and financial performance.
  • A live webcast and related materials will be available on the Vista Outdoor website ( https://vistaoutdoor.com ) at the time of the event.

Vista Outdoor Rejects Unsolicited Indication of Interest from MNC Capital

Retrieved on: 
Monday, March 4, 2024
Hunting, General Sports, Sports, Specialty, Outdoors, Other Sports, Water Skiing, Retail, Acquisition, Morgan Stanley, Cravath, Swaine & Moore, Committee, Investment, CSG, Letter, Vista Outdoor, Foreign investment, Gibson Dunn, LLP, MNC, CFIUS, Failure, Management

Vista Outdoor Inc. (NYSE: VSTO) today announced that its Board of Directors (the “Vista Outdoor Board”), following consultation with its financial and legal advisors, has rejected an unsolicited indication of interest received on February 19, 2024 from MNC Capital (“MNC”) pursuant to which MNC expressed interest in acquiring Vista Outdoor in an all-cash transaction for $35.00 per Vista share (the “MNC Indication”).

Key Points: 
  • Vista Outdoor Inc. (NYSE: VSTO) today announced that its Board of Directors (the “Vista Outdoor Board”), following consultation with its financial and legal advisors, has rejected an unsolicited indication of interest received on February 19, 2024 from MNC Capital (“MNC”) pursuant to which MNC expressed interest in acquiring Vista Outdoor in an all-cash transaction for $35.00 per Vista share (the “MNC Indication”).
  • The Vista Outdoor Board also issued a letter to MNC which is reproduced below.
  • We are confident that this is the best path to unlock value for our stockholders.”
    The full text of the letter to MNC follows:
    I am writing on behalf of Vista Outdoor Inc. (“Vista”) in response to MNC Capital’s (“MNC”) letters dated February 19, 2024 and February 28, 2024, expressing MNC’s interest in pursuing a transaction pursuant to which MNC would acquire Vista in an all-cash transaction for $35.00 per Vista share (the “MNC Indication”).
  • 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.

Vista Outdoor Confirms Receipt of Indication of Interest from MNC Capital

Retrieved on: 
Friday, March 1, 2024
Sports, Outdoors, Lifestyle, Specialty, Consumer, Hunting, Other Sports, Golf, Water Skiing, Fishing, Retail, Swimming, Surfing, Sailboarding, Gibson Dunn, Acquisition, CSG, Morgan Stanley, LLP, Cravath, Swaine & Moore, Vista Outdoor, Financial adviser

Vista Outdoor’s Board of Directors remains committed to acting in the best interests of Vista Outdoor stockholders.

Key Points: 
  • Vista Outdoor’s Board of Directors remains committed to acting in the best interests of Vista Outdoor stockholders.
  • Vista Outdoor stockholders do not need to take any action at this time.
  • 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.
  • Moelis & Company LLC is acting as sole financial adviser to the independent directors of Vista Outdoor and Gibson, Dunn & Crutcher LLP is acting as legal adviser to the independent directors of Vista Outdoor.

Solo Brands Announces Leadership Change to Support Its Next Chapter of Growth

Retrieved on: 
Monday, January 8, 2024
Fashion, Online Retail, Retail, Other Retail, Technology, Department Stores, Electronic Commerce, Solo, Marketing, Partnership, CFO, ISLE, DTC, Growth, Investment, GAAP, Security (finance), Vista Outdoor, Annual report, Management

Under his leadership, Vista grew revenue and profits to historic highs, while deleveraging the company’s balance sheet through record cashflow generation.

Key Points: 
  • Under his leadership, Vista grew revenue and profits to historic highs, while deleveraging the company’s balance sheet through record cashflow generation.
  • Mr. Metz drove the transformation of Vista through organic growth, direct to consumer initiatives, strategic acquisitions and astute capital deployment.
  • His experience across leading outdoor products companies, including Vista Outdoor, makes him the perfect leader for Solo Brands’ future,” Matt Hamilton, Chairman of Solo Brands’ Board of Directors stated.
  • “Solo Brands is a unique business with strong brands that have tremendous potential and a long runway for growth.

Vista Outdoor, Sport Dimension Announce License Renewal for Jimmy Styks Brand

Retrieved on: 
Wednesday, December 13, 2023
Retail, General Sports, Manufacturing, Fishing, Other Sports, Water Skiing, Other Consumer, Swimming, Surfing, Sailboarding, Sports, Other Retail, Outdoors, Specialty, Other Manufacturing, Consumer, SUP, Channel, Vista Outdoor, NYSE, ISUP, Inflatable, Multimedia, Heart, Puffer, Partnership, Daisy Outdoor Products, Water, Publication, Video game, Tourism, Pescado Rabioso

View the full release here: https://www.businesswire.com/news/home/20231212678786/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20231212678786/en/
    The companies announced the multi-year renewal of their brand license for Jimmy Styks, a SUP market leader acquired by Vista Outdoor in 2015 that now falls under the company’s Revelyst segment.
  • (Graphic: Business Wire)
    Vista Outdoor acquired Jimmy Styks in 2015 and began a brand license partnership with Sport Dimension Inc. in 2020.
  • Jimmy Styks’ SUP portfolio provides easy-to-use platforms for water sport enthusiasts engaging in activities ranging from personal fitness to fishing.
  • “We are excited to announce the continuation of our brand license partnership with Sport Dimension Inc., which will keep the Jimmy Styks legacy intact for years to come,” said Jordan Judd, President and General Manager, Outdoor Performance, Revelyst.