Four Decades for Justice
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.
The Cravath team is led by partners Craig F. Arcella and Nicholas A. Dorsey and includes associates D. Ana Choi and Nicole M. Gould on corporate matters; and partner J. Leonard Teti II, senior attorney Andrew Carlon and associate Carlos Nicholas Obando on tax matters.
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.
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