Vista Outdoor Announces Plans to Sell Kinetic Group to CSG & Outdoor Group to SVP
In separate announcements late last week, Vista Outdoors informed shareholders of plans to sell its Kinetic Group of companies? (formerly known as Sporting Products) seen in the graphic below to Czechoslovak Group a.s. (CSG) for $2.225 billion.
Contingent upon this sale, Strategic Value Partners, LLC, and its affiliates (“SVP”), a global alternative investment firm with approximately $19 billion of assets under management, has offered to purchase Revelyst (aka Outdoor Group) in an all-cash transaction based on an enterprise value of $1.125 billion.
According to a Vista press release, “The SVP Transaction has been unanimously approved by the Board and is expected to close by January 2025, subject to the completion of the CSG Transaction, as well as the receipt of necessary regulatory approvals and other customary closing conditions. Vista Outdoor and CSG have received all regulatory approvals required under the merger agreement for the CSG Transaction and are prepared to close the CSG Transaction prior to the end of 2024…”
You can skip to the end and leave a response. Pinging is currently not allowed.
Read the full article here