Vista Outdoor Inc. (NYSE: VSTO) announced a definitive agreement to sell Revelyst to funds managed by Strategic Value Partners, LLC (SVP) for $1.125 billion in an all-cash transaction. Concurrently, Vista Outdoor amended its merger agreement with Czechoslovak Group a.s. (CSG) to acquire The Kinetic Group for $2.225 billion, increasing the combined enterprise value of the transactions to $3.35 billion. These deals are structured to deliver an estimated $45 per share in cash to Vista Outdoor stockholders.

The SVP transaction, contingent on the completion of the CSG acquisition, highlights Revelyst?s potential in the outdoor industry and will close by January 2025. The CSG transaction, which has obtained all necessary regulatory approvals, is set to close by the end of 2024, contingent on stockholder approval. Upon closing, Vista Outdoor stockholders will receive $25.75 in cash per share and one share of Revelyst common stock.

The company has also announced an extension of the CSG merger agreement termination date to December 11, 2024, and the adjournment of the special stockholders meeting initially scheduled for October 9, 2024.