Vista Outdoor’s Acquisition of CamelBak

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.