News
27.01.2022Arnaud Pédron, Numa Rengot

Distressed acquisition opportunities – January 2022

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).

 

Oui Energy

Main features:

  • Business: Energy supplier for 125,000 BtoC electricity customers – 10,000 BtoB electricity customers and 22,000 BtoC gas customers (60% individuals / 40% professionals).
  • Location: Lille and Lyon
  • Company registration number: 813 273 554
  • Headcount 108 employees
  • 2020 revenues: 46,9 M€
  • Deadline for submitting bids: 08/02/2022

General masonry – Structural work

Main features:

  • Business: General masonry – Structural work.
  • Location: Isère
  • Headcount 140 employees
  • 2020 revenues: 25 M€ – 201 revenues (estimated) : 28 M€
  • Deadline for submitting bids: 24/02/2022

Wholesale of household goods

Main features:

  • Business: Wholesale of household goods.
  • Location: Avignon (Vaucluse)
  • Headcount 63 employees
  • 2021 revenues: 19,3 M€
  • Deadline for submitting bids: 18/02/2022

Groupe SGI Surveillance

Main features:

  • Business: Group specialising in agent-based surveillance services for large companies and SMEs in all sectors of activity.
  • Location: Head office in Montpellier – Ile de France and Nord – Nouvelle-Aquitaine Sud-Est and Rhône-Alpes
  • Company registration number: 794 169 797
  • Headcount: Holding : 0 employee – SGI IDF : 370 employees – SGI SUD : 330 employees
  • Revenues: Holding : 294 K€ – SGI IDF : 5,56 M€ – SGI SUD : 9,31 M€
  • Deadline for submitting bids: 25/02/2022

Illuminated signs

Main features:

  • Business: Design, manufacture and marketing of illuminated signs.
  • Location: Puy-de-Dôme
  • Headcount 19 employees
  • 2019-2020 revenues (18 months): 3,44 M€ – 2021 revenues (12 months): 2,15 M€
  • Deadline for submitting bids: 14/03/2022

Painting, glazing, plastering, tiling

Main features:

  • Business: Painting, glazing, plastering, tiling, all floor and wall coverings
  • Location: La Chappe Saint Aubin (Sarthe)
  • Headcount 31 employees
  • 2020 revenues: 2,91 M€
  • Deadline for submitting bids: 15/02/2022

G7 Champagne

Main features:

  • Business: Intercity road freight transport.
  • Company registration number: 814 995 031
  • Location: Reims (Marne)
  • Headcount 20 employees
  • 2020 revenues: 2,24 M€ – CA estimated: 442 K€
  • Deadline for submitting bids: 31/01/2022

Machining and precision mechanics.

Main features:

  • Business: Machining and precision mechanics.
  • Location: Rugles (Eure)
  • Headcount 23 employees
  • 2020 revenues: 1,52 M€
  • Deadline for submitting bids: 22/02/2022

Entreprise Roger Armenjon

Main features:

  • Business: Carpentry and timber frame construction.
  • Location: Le Chatelard (Savoie)
  • Company registration number: 308 921 014
  • Headcount 12 employees
  • 2019 revenues: 1,25 M€ – 2020 revenues: 1,15 M€ – 2021 revenues: 1,09 M€
  • Deadline for submitting bids: 18/02/2022

Scaygym – Sign: La salle de sport

Main features:

  • Business: Top of the range sports hall.
  • Location: Paris
  • Company registration number: 827 993 791
  • Headcount: 10 employees + 47 independant coachs
  • 2019 revenues: 2 M€ – 2020 revenues: 973 K€ – 2021 revenues (estimated): 713 K€
  • Deadline for submitting bids: 17/02/2022

Straton IT

Main features:

  • Business: Audit of IT infrastructures (CORRIUM) and implementation of Datacenter management tools (DCIM).
  • Location: Lille (Hauts-de-France)
  • Company registration number: 507 782 001
  • Headcount 12 employees
  • Revenues: 836 K€
  • Deadline for submitting bids: 21/02/2022

Opérateur Télécom Radio

Main features:

  • Business: Telecom Radio Operator – 4G.5G/Wifi/LoRA – Integrator and developer of innovative solutions.
  • Location: Paris region and North
  • Headcount 5 employees
  • 2020 revenues: 800 K€ – 2019 revenues: 2,1 M€
  • Deadline for submitting bids: 11/02/2022

Parking monitoring solution

Main features:

  • Business: Turnkey solution for real-time parking observatory via web and mobile tools for motorists and managers.
  • Headcount 7 employees
  • 2021 revenues (estimated): 800 K€ – 2020 revenues : 665 K€ – 2019 revenues : 653 K€
  • Deadline for submitting bids: 14/02/2022

Business assets Zilli located in Courchevel

Main features:

  • Business: Sale of luxury clothes in Zilli shop in judicial liquidation / Commercial lease expired on 30 November 2018, the renewal of which is the subject of a dispute concerning the de-capping of the rent.
  • Location: Saint-Bon Tarentaise – Courchevel (Savoie)
  • Loyer : 40 K€ HT/an pour 72,5 m2
  • Deadline for submitting bids: 18/02/2022