Case Studies: Fabco


€10m – Automotive component manufacture

Areas of operation:  

A US vehicle component manufacturing company disposing its assets and business to Arvin Meritor had an Austrian business; a holding company and an operating subsidiary which was part of the sale transaction. The Austrian CEO was partly conflicted as a minority shareholder in the Austrian operating subsidiary and would continue as Austrian CEO with the buyer. The sale price was dependent on achieving an aggressive last month’s revenue and on a working capital adjustment. BM&T worked with the seller to monitor and advise the CEO on the final month’s production and working capital in order to achieve the required sales price. Subsequent to the sale BM&T worked with local counsel to wind down the two Austrian subsidiaries including managing tax issues and, cash transfers and final liquidation.  

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