M&A · Industrials · Ordnance & Accessories, (No Vehicles/Guided Missiles)
Czechoslovak Group a.s to acquire Vista Outdoor Inc.
Announced Oct 16, 2023 · Closed Nov 27, 2024
Deal value$1.91BEV $1.91B
Premium—To unaffected price
EV / Adj. EBITDA3.5x0.6x EV / Revenue
ConsiderationAll cash
Transaction
- Acquirer
- Czechoslovak Group a.s
- Target
- Vista Outdoor Inc. (VSTO)
- Buyer type
- Strategic
- Offer price per share
- —
- Enterprise value
- $1.91B
- Status
- Closed Nov 27, 2024
Deal protections
- Break fee (target pays)
- $47.8M · 2.5%
- Reverse fee (buyer pays)
- $115M · 6.0%
- Go-shop
- No-shop
- Financing
- —
Advisors
- To the acquirer
- JPMorgan
- To the target
- Morgan Stanley, Moelis
Sector context · Industrials
- Comparable deals
- 78 in the prior 24 months
- Premium
- Sector median 50.0%
- EV / Adj. EBITDA
- 3.5x vs. 10.9x sector median
- Break fee
- 2.5% vs. 2.9% sector median
Timeline
- AnnouncedOct 16, 2023
- Proxy filedApr 2, 2024
- Definitive proxyApr 2, 2024
- Shareholder voteAug 23, 2024
- ClosedNov 27, 2024