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22.04.2021Arnaud Pédron, Numa Rengot

Distressed acquisition opportunities – April 2021

Franklin’s Restructuring team has assembled its latest sector-by-sector list of distressed acquisition opportunities.

The targets are companies in insolvency proceedings that are now up for sale and for which tender offers have been made by the court-appointed trustees in charge of finding potential buyers.

Our sector-by-sector updates are designed to help clients quickly identify potential build-up opportunities.

Tender offer periods are very often extended beyond the deadlines specified in the list.

If you are interested in any of these assets, please contact our partners Numa Rengot and Arnaud Pédron who will be happy to provide further information and assist you with your acquisition.

This court-sanctioned sale process offers an opportunity to buy:

  • Fast: in a few weeks
  • Directly or through a NewCo
  • After limited due diligence (i.e., limited to the scope of the acquisition)
  • At lower prices than out-of-court acquisitions: the real cost consists in financing the acquired operation
  • Free and clear of debt, with only a few exceptions (no successor liability – lien and encumbrance free)
  • Without liability for restructuring costs
  • A turnkey, autonomous business unit
  • “Cherry picked” assets (number of employees, tangible and intangible assets, as well as rental, finance lease, distribution, purchase, and service agreements necessary for the continued operation of the business).

SDEEC

Compagny SDEEC

Main features:

  • Business: Manufacture and marketing of specific heat pumps only intended for the residential market of individual houses.
  • Location: Saussan (Hérault)
  • Headcount 29 employees
  • Company registration number: 318 007 564
  • 2019 revenues: 5,2 M€
  • Deadline for submitting bids: 19/04/2021

aafp-csf

AAFP / CSF 44 Aide Familiale Populaire de Loire-Atlantique

Main features:

  • Business: Association of home help and individualized services to help people (families, elderly people, disabled people, childcare, etc.).
  • Location: Saint-Herblain (Loire Atlantique)
  • Headcount 139 employees
  • Company registration number: 785 947 979
  • 2019 revenues: 3,5 M€ – 2018 revenues: 4 M€
    2017 revenues: 3,9 M€ – 2016 revenues: 4,1 M€
  • Deadline for submitting bids: 28/05/2021

invernizzi

Invernizzi

Main features:

  • Business: General building company.
  • Location: La Cluse-et-Mijoux (Doubs)
  • Headcount 28 employees
  • Company registration number: 702 820 770
  • 2020 revenues: 3,1 M€ – 2019 revenues: 5,1 M€
  • Deadline for submitting bids: 05/05/2021

bassin-arcachon

Complexe hôtelier

Main features:

  • Business: SPA – Seminar rooms – 100 rooms.
  • Location: Bassin d’Arcachon
  • Headcount 15 employees
  • 2019 revenues: 2,1 M€
  • Deadline for submitting bids: 23/04/2021

frezal-numerique

Alexandre Frézal Numérique

Main features:

  • Business: Marketing of hardware, software and consumables for custom digital printing on all media (textiles, latex, objects, photos, tarpaulins, vinyl …) – specialist in sublimation (for printing on textile polyester).
  • Location: Toulouse (Haute-Garonne)
  • Headcount 10 employees
  • Company registration number: 453 270 241
  • Revenues: around 2 M€
  • Deadline for submitting bids: 30/04/2021

exki restaurant

Exki – 4 restaurants

Main features:

  • Business: Fast food, tea room, take away – 4 restaurants.
  • Location: Paris and Serris
  • Effectif : Exki Boétie : 3 salariés – Exki Pierre Mendès France : 2 salariés – Exki Val d’Europe : 8 salariés (dont 1 CDD)
  • Revenues : EXKI BATIGNOLLES : 2020 revenues: 169 944 K€ – 2021 revenues: 27 056 K€ | EXKI BOETIE : 2020 revenues: 514 002 K€ – 2021 revenues: 79 748 K€ | EXKI PIERRE MENDES FRANCE : 2020 revenues: 292 719 K€ – 2021 revenues: 42 037 K€ | EXKI VAL D’EUROPE : 2020 revenues: 878 547 K€ – 2021 revenues: 237 242 K€
  • Deadline for submitting bids: 03/05/2021

SARL de Lima

Main features:

  • Business: Interior carpentry and space planning.
  • Location: Collégien (Seine-et-Marne)
  • Headcount 12 employees
  • Company registration number: 380 755 785
  • 2019 revenues: 1,3 M€
  • Deadline for submitting bids: 14/05/2021

Architectural firm

Main features:

  • Business: Architectural firm.
  • Location: North of Paris
  • Headcount between 5 and 50 employees
  • Revenues: from 1 to 10 M€
  • Deadline for submitting bids: 30/04/2021

service à la personne

Personal Services

Main features:

  • Business: Services in favor of the elderly or dependent, disabled, child care over 3 years.
  • Location: Gironde
  • Headcount 32 employees
  • 2020 revenues: 924 K€
  • Deadline for submitting bids: 14/05/2021

Polygone Pose

Main features:

  • Business: Metalwork carpentry (installation) glass products manufacture and installation opening systems.
  • Location: Saint-Pryve-Saint-Mesmin (Centre)
  • Company registration number: 482 786 811
  • Headcount 8 employees
  • Deadline for submitting bids: 15/05/2021