The Czechoslovak Group Enters into Definitive Agreement to Acquire Vista Outdoor’s Sporting Products Business for $1.91 Billion - Seite 2

David Štěpán, Member of the CSG Board and Investment Director for CSG International Projects, added: “Vista Outdoor’s Sporting Products business is vertically integrated, has excellent financial results and is well invested. Thanks to this acquisition, CSG will become one of the most important ammunition manufacturers in the world with a comprehensive portfolio across all calibers.”

“This is an important strategic step for our company in creating value through the separation of our Outdoor Products and Sporting Products segments,” said Gary McArthur, Interim CEO of Vista Outdoor. “The previously announced plan to separate our businesses has positioned us to execute seamlessly on this transaction, which we believe is the best path to maximize value for all our stakeholders, while better positioning Sporting Products and Outdoor Products for future success.”

“We are confident that CSG is a great home for our leading ammunition brands," said Jason Vanderbrink, CEO of Sporting Products. "The company is fully committed to our iconic American brands and expanding our legacy of U.S. manufacturing, support for military and law enforcement customers, and investments in conservation and our hunting and shooting heritage. We are excited to work closely with the CSG team as we enter this next phase and position our brands for long-term success.”

Advisers

J.P. Morgan is acting as sole financial adviser to Czechoslovak Group, as well as leading and structuring the acquisition financing, with Clifford Chance LLP acting as legal adviser.

Morgan Stanley & Co. LLC is acting as sole financial adviser to Vista Outdoor and Cravath, Swaine & Moore LLP is acting as legal adviser.

About Czechoslovak Group

Czechoslovak Group (CSG) is an international industrial technology holding company building on the tradition of the Czech and Slovak industry, owned by Michal Strnad. CSG supports the development of Czech and Slovak companies engaged in defense and civil industrial production and trade. More than 10,000 people are employed by CSG companies and affiliates. In 2022, the holding’s consolidated revenues reached 25 billion CZK. CSG operates across five strategic business segments covering aerospace, ammunition, defense, mobility and business projects.