26.04.2023Arnaud Pédron, Numa Rengot

Distressed acquisition opportunities – April 2023

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).


Human Ressources Group

Main features:

  • Business: Group of 15 companies of commercial and salaried portage.
  • Location: All France
  • 2022 revenues: 47,78 M€
  • Headcount 3074 employees for all entities
  • Deadline for submitting bids: 12/05/2023

Metal cutting company

Main features:

  • Business: Metal cutting company.
  • Location: Ile-de-France
  • 2022 revenues: 5,7 M€
  • Headcount 39 employees
  • Deadline for submitting bids: 19/05/2023

Bedding and sofas

Main features:

  • Business: Manufacturing of bedding products and sofas.
  • Location: Hauts-de-France et Oise
  • 2022 revenues: 4,8 M€
  • Headcount 48 employees
  • Deadline for submitting bids: 19/05/2023

Jewelry and fashion accessories

Main features:

  • Business: Group of 6 companies specialized in the sale of jewelry and fashion accessories.
  • Location: Toulouse, Bordeaux, Lyon and Luxembourg
  • 2022 revenues: 4,7 M€
  • Headcount 28 employees
  • Deadline for submitting bids: 12/05/2023

Mediasat & Music 2B

Main features:

  • Business: Retail trade of household appliances in specialized stores, under the Ubaldi brand.
  • Location: Calvi (Corse)
  • Company registration number: 497 886 234
  • 2021 revenues: 1,6 M€
  • Headcount 6 employees
  • Deadline for submitting bids: 02/05/2023

Recruitment platform

Main features:

  • Business: Recruitment platform dedicated to new technologies, specialized in the support of technological and innovative companies.
  • Location: Paris (Ile-de-France)
  • 2022 revenues: 1,2 M€
  • Headcount 14 employees
  • Deadline for submitting bids: 19/04/2023