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Vista Outdoor announces sale of Bollé, Cébé and Serengeti brands

Farmington, Utah-based Vista Outdoor Inc., a maker of consumer products in the outdoor sports and recreation markets, has entered into a definitive agreement to sell the legal entities operating its Bollé, Cébé and Serengeti brands. They buyer is an entity controlled by an European private equity fund. Gross proceeds from the divestiture are expected to be approximately $158 million. Robert W. Baird & Co. served as financial advisor to Vista Outdoor on the transaction while Reed Smith LLP served as legal advisor.

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PE Deals,private equity