Four Decades for Justice
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.
The Cravath team is led by partners Aaron M. Gruber, Craig F. Arcella, Bethany A. Pfalzgraf and Stephen M. Kessing and includes associates D. Ana Choi, Jill C. Refvem, Asher B. Kalman and Elise Zhou and foreign associate attorney Carlos E. Ahumada on corporate matters; partner J. Leonard Teti II and associates Carlos Nicholas Obando, Christopher M. Winters and Emily R. Eskin on tax matters; partner Eric W. Hilfers, of counsel Sarah Colangelo and associates Jana I. Hymowitz, Nicholas J. Celli and Bianca Hsing on executive compensation and benefits matters; partner David J. Kappos and associates Kathryn-Ann Stamm, Ryan J. Wichtowski and Sarah R. Brathwaite on intellectual property matters; partner Margaret T. Segall, practice area attorney Nicole M. Peles and foreign associate attorney Jokin Beltran de Lubiano on antitrust matters; partner Michael L. Arnold and associate Zachary Ramirez-Brunner on corporate governance matters; partner Matthew Morreale and associate Star S. Gulant on environmental matters; partner John D. Buretta and of counsel Megan Y. Lew on trade compliance matters; of counsel Benjamin G. Joseloff on CFIUS matters; and practice area attorney Brian M. Budnick on real estate matters. Ceara Maria Burns and Joshua D. Santilli also worked on corporate matters; and Matthew L. Ybarra also worked on intellectual property matters.
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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