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

Retrieved on: 
Monday, October 16, 2023
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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: 
Monday, October 16, 2023
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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.

Vista Outdoor to Host Investor Day

Retrieved on: 
Tuesday, September 26, 2023
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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, will host an Investor Day for institutional investors and analysts.

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, will host an Investor Day for institutional investors and analysts.
  • Presenters include Vista Outdoor Interim CEO Gary McArthur, Sporting Products President and CEO Jason Vanderbrink, Outdoor Products CEO Eric Nyman, Vista Outdoor Interim CFO Andrew Keegan and leaders from several of the company’s business units.
  • On the day of the event, individuals may also access the webcast and related presentation materials from the Vista Outdoor website ( https://vistaoutdoor.com ).
  • The company expects to create these companies through a tax-free spin-off of its Outdoor Products segment to Vista Outdoor shareholders.

Vista Outdoor Announces Public Filing of Form 10 Registration Statement

Retrieved on: 
Tuesday, September 5, 2023
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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: 
Thursday, August 10, 2023
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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.

Vista Outdoor Appoints CFO and General Counsel for Sporting Products Company

Retrieved on: 
Friday, July 28, 2023
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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 announced its Board of Directors has made two appointments for the company’s Sporting Products Company following the spinoff of Vista’s Outdoor Products business.

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 announced its Board of Directors has made two appointments for the company’s Sporting Products Company following the spinoff of Vista’s Outdoor Products business.
  • View the full release here: https://www.businesswire.com/news/home/20230728927166/en/
    Andy Keegan, Vice President and interim CFO for Vista Outdoor, has been appointed CFO for the Sporting Products Company following the spinoff.
  • (Photo: Business Wire)
    Andy Keegan, Vice President and interim CFO for Vista Outdoor, was named CFO of Sporting Products, and Jeff Ehrich, interim General Counsel and Corporate Secretary for Vista Outdoor, was named General Counsel and Corporate Secretary of Sporting Products.
  • On May 5, 2022, Vista Outdoor announced that the company plans to separate its Outdoor Products and Sporting Products segments into two independent, publicly traded companies.

Vista Outdoor Appoints Eric Nyman as CEO of Outdoor Products Segment

Retrieved on: 
Friday, July 21, 2023
Sports, Outdoors, Other Retail, Specialty, Consumer, Other Sports, Golf, Other Manufacturing, Retail, Other Consumer, Biking, Cycling, Manufacturing, Daisy Outdoor Products, Bell, Sport, CamelBak, Peak Sport Products, Marketing, Form 10-K, Calendar, Multimedia, Organizational culture, McArthur, Strategic planning, Hasbro, Bushnell, Digital technology, Recreation, Acquisition, Trustee, Vista Outdoor, Growth, Security (finance), NYSE, Nyman, Management, Risk management

View the full release here: https://www.businesswire.com/news/home/20230721188427/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20230721188427/en/
    Vista Outdoor Inc. announced its Board of Directors has appointed Eric Nyman as CEO of the company’s Outdoor Products segment and a member of the board, effective Aug. 21.
  • “I am honored to join Vista Outdoor as the CEO of the Outdoor Products segment and a member of the Vista Outdoor Board of Directors,” Nyman said.
  • The Vista Outdoor Board of Directors will expand to include the CEOs of each segment, with the additions of Nyman and Sporting Products CEO Jason Vanderbrink, who was elevated to segment CEO in April 2023.
  • The company expects to create these companies through a tax-free spin-off of its Outdoor Products segment to Vista Outdoor shareholders.

Vista Outdoor to Release First Quarter Fiscal Year 2024 Financial Results

Retrieved on: 
Wednesday, July 5, 2023
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Vista Outdoor Inc. (“Vista Outdoor”) (NYSE: VSTO) today announced plans to report its first quarter fiscal year 2024 financial results on Wednesday, July 26, 2023, after the market closes.

Key Points: 
  • Vista Outdoor Inc. (“Vista Outdoor”) (NYSE: VSTO) today announced plans to report its first quarter fiscal year 2024 financial results on Wednesday, July 26, 2023, after the market closes.
  • Vista Outdoor’s management will host a conference call on Thursday, July 27, 2023, at 9 a.m. EDT to review results.
  • On May 5, 2022, Vista Outdoor announced that the company plans to separate its Outdoor Products and Sporting Products segments into two independent, publicly traded companies.
  • The company expects to create these companies through a tax-free spin-off of its Outdoor Products segment to Vista Outdoor shareholders.

Vista Outdoor Releases Fourth Annual ESG Impact Report

Retrieved on: 
Monday, June 26, 2023
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Vista Outdoor Inc. (NYSE: VSTO), the parent company of 41 renowned brands that design, manufacture and market sporting and outdoor products to consumers around the globe, has released its fourth annual Environment, Social and Governance (ESG) Impact Report.

Key Points: 
  • Vista Outdoor Inc. (NYSE: VSTO), the parent company of 41 renowned brands that design, manufacture and market sporting and outdoor products to consumers around the globe, has released its fourth annual Environment, Social and Governance (ESG) Impact Report.
  • View the full release here: https://www.businesswire.com/news/home/20230626689658/en/
    Vista Outdoor Inc. has released its fourth annual Environment, Social and Governance (ESG) Impact Report.
  • You can review the ESG Impact Report in its entirety or view select highlights on the fact sheet .
  • Vista Outdoor has produced an annual ESG report since Fiscal Year 2020, underscoring the company’s belief that sustainable business practices, diversity, stakeholder engagement and effective corporate governance are critical to the long-term success of our company.

Vista Outdoor Participating in Upcoming Investor Conferences

Retrieved on: 
Thursday, May 11, 2023
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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, will be participating in four investor conferences in May and June.

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, will be participating in four investor conferences in May and June.
  • – June 21
    To attend the Vista Outdoor sessions at any of these conferences, please reach out to the respective firm for more details.
  • On May 5, 2022, Vista Outdoor announced that the company plans to separate its Outdoor Products and Sporting Products segments into two independent, publicly traded companies.
  • The company expects to create these companies through a tax-free spin-off of its Outdoor Products segment to Vista Outdoor shareholders.