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Covington Advises Stabilus SE on Sale of Fabreeka and Tech Products

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  • Covington Advises Stabilus SE on Sale of Fabreeka and Tech Products

Frankfurt—Stabilus SE, one of the world's leading suppliers of motion control solutions for a wide range of industries, signed an agreement to sell its subsidiaries Fabreeka and Tech Products to VMC Group. Covington advised Stabilus on the transaction.

The transaction valued the two companies at an enterprise value of around US$92 million. By divesting, Stabilus is continuing its strategy to focus resources on its core motion control business.

Fabreeka and Tech Products have been part of the Stabilus Group since 2016, with independent business models within distinct markets. Their product portfolio comprises components for vibration isolation as well as shock and noise damping.

The Covington team was led by Henning Bloss and Allison Schiffman (both M&A) and comprised Brian Harris (tax), Jeremy Hutcher (technology transactions), Jenna Wallace (employee benefits), Anna Lubberger (FDI), Valerie Hugues (employee benefits), Xueshu (Shae) Qian (tax), Gabrielle Braxton (tax) , Björn Schneider (M&A), Nicholas Shepherd (data privacy), Lauren H. Williams (M&A), Louise (Yueshi) Lu (corporate), Tolulope Alegbeleye (M&A), and Nicolas Jung (FDI) and Maximilian Göbel (FDI).

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