Four Decades for Justice
On July 27, 2015, Vista Outdoor Inc., a leading global designer, manufacturer and marketer in the growing outdoor sports and recreation markets, announced it has entered into a definitive agreement to acquire CamelBak Products, LLC, the leading provider of personal hydration solutions for outdoor, recreation and military use. Cravath represented Vista Outdoor in connection with this transaction. Under the terms of the transaction, Vista Outdoor will purchase CamelBak for $412.5 million, subject to a customary working capital adjustment.
The Cravath team included associate Eric M. Wasserstrum on M&A matters; partners Craig F. Arcella and Stephen M. Kessing and associate Mathew J. Saur on financing matters; partner J. Leonard Teti II and associate Jonathan D. Grossman on tax matters; partner Eric W. Hilfers and associates Matthew Cantor and Aaron J. Feuer on executive compensation and benefits matters; partner David J. Kappos and practice area attorney Peter A. Emmi on intellectual property matters; and partner Matthew Morreale on environmental matters. Daniel S. Connelly also worked on M&A matters. Summer associates Megan E. Fitzgerald and Joshua S. Aronoff also worked on M&A and financing matters, respectively.
Deals & Cases
October 16, 2023
On October 16, 2023, Vista Outdoor Inc. (“Vista Outdoor”), the parent company of 41 renowned brands that design, manufacture and market sporting and outdoor products to consumers around the globe, announced a definitive agreement to sell its Sporting Products business to Czechoslovak Group a.s. (“CSG”), a leading industrial technology holding company, for an enterprise value of $1.91 billion in an all-cash transaction. This transaction represents the next step in Vista Outdoor’s plan to split the company into separate entities. Cravath is representing Vista Outdoor in connection with the transaction.
Deals & Cases
May 05, 2022
On May 5, 2022, Vista Outdoor Inc., the parent company of more than three dozen brands that design, manufacture and market sporting and outdoor products, announced that its Board of Directors has unanimously approved a plan to separate its Outdoor Products and Sporting Products segments into two independent, publicly‑traded companies. Vista Outdoor anticipates that the transaction will be in the form of a distribution to its shareholders of 100% of the stock of Outdoor Products, which will become a new, independent publicly traded company. The distribution is intended to be tax‑free to U.S. shareholders for U.S. federal income tax purposes. Cravath is representing Vista Outdoor in connection with the transaction.
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