News
Arnaud Pédron, Numa Rengot

Distressed acquisition opportunities – July 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).

 

Alvance Aluminium Poitou

Main features:

  • Business: Casting activities of aluminum parts for the automotive industry.
  • Location: Ingrandes (Vienne)
  • Company registration number: 850 325 317
  • Headcount 286 employees
  • 2020 revenues: 34,9 M€
  • Deadline for submitting bids: 20/10/2021

3LM BATIMENT

Main features:

  • Business: General building company.
  • Location: Grigny (Essonne)
  • Company registration number: 794 754 192
  • Headcount 36 employees
  • Revenues: 15 M€
  • Deadline for submitting bids: 23/07/2021

Façonnage du Perche

Main features:

  • Business:  Cutting and processing of printed matter.
  • Location: La Ferté-Bernard (Sarthe)
  • Company registration number: 410 656 185
  • Headcount 95 employees
  • 2020 revenues: 14,11 M€
  • Deadline for submitting bids:02/09/2021

Figeac Aéro Auxerre

Main features:

  • Business: Manufacturer of aeronautical parts (civil and military) and defence parts in aluminium and hard metals. Machining of aeronautical parts, milling, turning and machining centre.
  • Location: Yonne
  • Headcount 65 employees
  • Company registration number: 824 264 030
  • 2019 revenues: 5 M€

Secure merchandising

Main features:

  • Business: Company in bonis: French leader in secure merchandising Prestigious clientele
  • Location: Région Centre
  • Headcount 33 employees
  • 2020 revenues: 4,3 M€
  • Deadline for submitting bids: 31/12/2021

Capillary institute

Main features:

  • Business:  Capillary institute with 11 operating locations: Bordeaux, Chambéry, Grenoble, Lille, Nice, Metz, Paris, Orleans, Reims, Toulouse, Rouen.
  • Location: Nord Pas-de-Calais
  • Headcount 30 employees
  • 2020 revenues: 2,7 M€ – 2019 revenues: 4,4 M€
  • Deadline for submitting bids: 30/07/2021

Collaborative agency

Main features:

  • Business:  Collaborative agency in the form of a platform that virtualizes the experience and activity of a communication agency with freelancers.
  • Location: Paris
  • Headcount 6 employees
  • 2020 revenues: 1,3 M€
  • Deadline for submitting bids: 21/07/2021

service à la personne

Personal services

Main features:

  • Business:  Group of 4 companies providing personal services (cleaning, gardening).
  • Location: Quimper & Brest (Finistère)
  • Headcount 38 employees ( Holding: 2 / Company 2: 11 / Company 3: 21 / Company 4: 4)
  • 2020 revenues: Company 1 Holding: 154 816 € / Company 2: 132 715 € / Company 3: 433 004 € / Company 4: 53 972 €
  • Deadline for submitting bids: 20/08/2021

Zanone Peinture

Main features:

  • Business:  General painting, glazing, decoration, wallpaper, all wall and floor coverings.
  • Company registration number: 750 984 841
  • Location: Saint Etienne du Rouvray (Seine-Maritime)
  • Headcount 8 employees
  • 2017 revenues: 767 K€
  • Deadline for submitting bids: 20/08/2021

agence communication reprise

Graphic design agency

Main features:

  • Business: Graphic design, layout, writing, photo report, illustration, publication, events.
  • Location: Paris
  • Headcount 6 employees
  • 2020 revenues: 749 K€  – 2019 revenues: 1,2 M€ – 2018 revenues: 1,2 M€
  • Deadline for submitting bids: 26/07/2021

sushi reprise

Japanese restaurant

Main features:

  • Business: Company part of a group of Japanese restaurant companies, on site, take away or delivery, under a common brand (17 restaurants).
  • Location: Versailles (Yvelines)
  • Headcount 13 employees
  • 2020 revenues: 527 K€
  • Deadline for submitting bids: 19/07/2021

Insurance brokerage platform

Main features:

  • Business:  Insurance brokerage via a digital platform specialized in „dogs and cats“ products in health and car insurance.
  • Headcount 13 employees
  • 2020 revenues: 498 K€
  • Deadline for submitting bids: 06/08/2021

BK Plastiques

Main features:

  • Business:  Manufacture of technical parts based on plastic materials.
  • Location: Faulquemont (Lorraine)
  • Company registration number: 503 882 839
  • Headcount 3 employees
  • 2020 revenues: 361 K€
  • Deadline for submitting bids: 16/07/2021

Robotics Industry

Main features:

  • Business:  Mechatronics company specialized in the design and production of autonomous systems (drones).
  • Location: Mérignac (Gironde)
  • Company registration number: 751 494 493
  • Headcount 7 employees
  • CA 2020 : 142 K€

3D software editing

Main features:

  • Business: Start up specialized in the edition of 3D scanning software.
  • Location: Aube
  • Headcount 6 employees
  • 2020 revenues: 98 K€
  • Deadline for submitting bids: 04/08/2021