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06.08.2021Arnaud Pédron, Numa Rengot

Distressed acquisition opportunities – August 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).

 

Agricultural chemicals and spare parts

Main features:

  • Business: Wholesale (business-to-business) of chemical products (plant protection products, seeds, fertilizers) and agricultural spare parts.
  • Location: Loir-et-Cher
  • Headcount 69 employee
  • 2020 revenues: 41,49 M€
  • Deadline for submitting bids: 16/08/2021

Study and manufacture of metal structures

Main features:

  • Business: Design and manufacture of metal structures, all related or complementary similar activities, installation of architectural metal structures.
  • Location: Gironde
  • Headcount 44 employees
  • 2020 revenues: 5,2 M€
  • Deadline for submitting bids: 15/09/2021

Domaine du Gourmet

Main features:

  • Business: Mobile sales (groceries, fruits and vegetables).
  • Location: Bois Grenier (Hauts-de-France)
  • Company registration number: 441 600 327
  • Headcount 46 employees
  • 2020 revenues: 5,19 M€
  • Deadline for submitting bids: 05/08/2021

Biotech

Main features:

  • Business: Research and development in biotechnology of a breakthrough medical device for patient monitoring in the field of neuroscience.
  • Location: Ile-de-France
  • Headcount 8 employees
  • 2020 revenues: 4,5 M€
  • Deadline for submitting bids: 17/09/2021

Security and guarding company

Main features:

  • Business: security and guarding company.
  • Location: Ile-de-France
  • Headcount 117 employees
  • 2020 revenues: 4,2 M€
  • Deadline for submitting bids: 29/07/2021

3 hotels and residences – Guadeloupe

Main features:

  • Business: Operation of three hotel businesses and hotel residences.
  • Location: Le Gosier (Guadeloupe)
  • Headcount 59 employees
  • 2020 revenues: 4 M€ – 2019 revenues: 9,4 M€
  • Deadline for submitting bids: 01/09/2021

Riem Becker Group

Main features:

  • Business: Catering – Event catering – Ready-to-eat catering – Professional ready-to-cook solutions.
  • Location: Ivry-sur-Seine (Val-de-Marne)
  • Headcount 143 employees
  • Revenues (31/01/2021): 3,88 M€
  • Deadline for submitting bids: 20/08/2021

Manufacture of agricultural and viticultural equipment

Main features:

  • Business: Manufacture of agricultural and viticultural equipment.
  • Location: Limousin
  • Headcount 41 employees
  • 2020 revenues: 3,8 M€
  • Deadline for submitting bids: 23/08/2021

MDI Process

Main features:

  • Business: The purchase, the sale, the rent, the study, the conception of all mechanical and hydraulic equipments, the realization of all services related to these activities.
    The company has one or more patents.
  • Location: Grossoeuvre (Eure)
  • Company registration number: 841 219 629
  • Headcount 40 employees
  • 2020 revenues: 3,8 M€
  • Deadline for submitting bids: 12/08/2021

Recycling FMC

Main features:

  • Business: Sorted waste recovery company: recovery, import, export and preparation of raw materials for foundry, purchase of scrap and metals. Sorting, storage and dumping of waste.
  • Location: Pont-Audemer (27), Angerville et Lisieux (14)
  • Company registration number: 388 266 629
  • Headcount 13 employees
  • 2020 revenues: 3,5 M€
  • Deadline for submitting bids: 07/09/2021

Talents croisés

Main features:

  • Business: Cooperative of activity and employment
  • Location: Firminy (Loire)
  • Company registration number: 449 399 492
  • Headcount 69 employees
  • 2020 revenues: 2,77 M€ – 2019 revenues: 3,87 M€
  • Deadline for submitting bids: 06/09/2021

Franchise Feu vert

Main features:

  • Business: SARL ARCAM : Franchised automotive center „FEU VERT
    SARL PAMAL : financial structure with no debts, carrying the walls operated by the ARCAM company
    SARL STACAM : franchised car center „FEU VERT“.
  • Company registration number: SARL ARCAM : 822 563 011 – SARL STACAM : 822 653 101
  • Location: Alençon and Le Mans
  • Headcount 18 employees
  • 2020 revenues: 2,31 M€
  • Deadline for submitting bids: 08/10/2021

Alimentation animale BIO

Main features:

  • Business: Company specialized in the manufacture and marketing of „BIO“ food supplements for farm animals and „BIO“ foliar fertilizers for crops.
  • Location: Morbihan
  • Headcount 58 employees
  • CA  2020 revenues: 2,6 M€

plomberie sanitaire reprise

Building finishing

Main features:

  • Business: Building finishing: floor coverings – plastering and painting – plumbing.
  • Location: Isère
  • Headcount 23 employees
  • 2020 revenues: 2,19 M€
  • Deadline for submitting bids: 13/09/2021

Wholesale and retail sales of sporting goods

Main features:

  • Business: Wholesale and retail sales of sports, fitness, wellness and rehabilitation products.
  • Location: Auvergne Rhône-Alpes et Bretagne
  • Headcount 5 employees
  • 2020 revenues: 1,4 M€
  • Deadline for submitting bids: 07/09/2021

Lacoste Mécanique

Main features:

  • Business: Machining and maintenance of industrial materials and equipment.
  • Location: Pamiers (Ariège)
  • Company registration number: 414 408 955
  • Headcount 16 employees
  • 2020 revenues: 1,37 M€
  • Deadline for submitting bids: 06/08/2021

Export Technic Industrial (ETI)

Main features:

  • Business: Engineering – Electrical and instrumentation work.
  • Location: Hoymille (Hauts-de-France)
  • Company registration number: 452 625 775
  • Headcount 30 employees
  • C2020 revenues: 1,33 M€
  • Deadline for submitting bids: 16/09/2021