Vista Outdoors to sell its sporting products business to Czechoslovak Group for $1.91 billion in cash

• Vista Outdoor Inc. is selling its sporting products business to Czechoslovak Group for $1.91 billion in cash
• This is part of Vista Outdoor’s plan to separate into two entities
• The outdoor products business will become a standalone public company named Revelyst
• The deal is supported by $1.1 billion of fully committed debt financing
• The remaining sum will be funded by Czechoslovak Group
• The deal is expected to close in 2024
• Vista Outdoor’s employees and consumer brands will remain intact
• Czechoslovak Group is owned and led by Michal Strnad, an international player in the defense and civil sectors

Vista Outdoor Inc. has agreed to sell its sporting products business to Czechoslovak Group for $1.91 billion in cash. This move is part of Vista Outdoor’s plan to separate into two entities. The outdoor products business, which will be renamed Revelyst, will become a standalone public company once the deal is finalized. The deal is supported by $1.1 billion of fully committed debt financing, with the remaining amount to be funded by Czechoslovak Group. The transaction is expected to be completed in 2024. Vista Outdoor’s approximately 4,000 employees and consumer brands, including CCI, Federal, HEVI-Shot, Remington, and Speer, will remain intact. Czechoslovak Group, owned and led by Michal Strnad, is an international player in the defense and civil sectors with over 10,000 employees and a diverse portfolio of industrial and trade companies.