immeuble Franklin

Distressed acquisition opportunities – July 2024

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 RengotLaura Bavoux 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).

Surface treatment

Main features:

  • Business: Regional leader in surface treatment and coating (paint)
  • Location: Lyon region – 3 sites (operations and logistics) (to be sold together or separately)
  • 2022 revenues: 37 M€ – CA 2021 : 35 M€ – CA 2020 : 29 M€
  • Headcount 50 employees (post-reorganization) on the industrial perimeter + 40 employees on the installation company perimeter (6 sales outlets)
  • Deadline for submitting bids: 10/09/2024

APATS Marseille

Main features:

  • Business:  Association – access to health services: 1 clinic, 3 dental centers, 1 medical equipment store
  • Location: Marseille (Bouches-du-Rhône)
  • Company registration number: 791 730 021
  • 2023 revenues: 29 M€
  • Headcount: 308 employees
  • Deadline for submitting bids: 09/09/2024

SDMA

Main features:

  • Business: Sales of new and used agricultural equipment and Valtra dealership
  • Location: Bannalec and Châteauneuf-du-Faou (Finistère)
  • Company registration number: 832 819 619
  •  2023 revenues: 11 M€
  • Headcount 24 employees at two sites
  • Deadline for submitting bids: 18/07/2024

TBR Transports

Main features:

  • Business: Transport of dry bulk and delivery of materials to construction sites
  • Location: La Peyratte (Deux-Sèvres)
  • Company registration number: 521 317 925
  • 2022 revenues: 9,4 M€
  • Headcount 51 employees
  • Deadline for submitting bids: 31/07/2024

Geesinknorba France

Main features:

  • Business: A subsidiary of a European group, the company based in Mions (Rhône) distributes refuse containers, compactors and waste collection equipment.
  • Location: Mions (Rhône)
  • Company registration number: 825 269 749
  • 2023 revenues: 8,2 M€ – 2022 revenues : 10,3 M€ – 2021 revenues: 11,5 M€
  • Headcount 14 employees
  • Deadline for submitting bids: 12/08/2024

Climatic chambers

Main features:

  • Business: Design, manufacture and maintenance of climatic chambers
  • 2023 revenues: 5,2 M€ – 2022 revenues: 4,4 M€ – 2021 revenues: 3,7 M€
  • Headcount 39 employees
  • Deadline for submitting bids: 29/07/2024

Transports Viking

Main features:

  • Business: Intercity freight road transport on the Paris/Lyon routes
  • Location: Head office: Belleville (Rhône) Company premises: Coulommiers (Seine-et-Marne)
  • Company registration number: 900 601 683
  •  2023 revenues: 4 M€ – 2022 revenues: 3,2 M€
  • Headcount 17 employees
  • Deadline for submitting bids: 30/08/2024

Imagine – Angel eyes

Main features:

  • Business: Eyewear, brands Vinyl Factory, Freakshow, Mazette, Legend, Little Vinyl Factory
  • Location: Courbevoie (Hauts-de-Seine)
  • Company registration number: 413 900 804
  • 2023 revenues 2,8 M€
  • Headcount 17 employees and 2 apprentices
  • Deadline for submitting bids: 29/07/2024

Unisol

Main features:

  • Business: Geotechnical engineering design office
  • Location: Buc (Yvelines)
  • Company registration number: 478 040 561
  • 2023 revenues: 2,5 M€ – 2022 revenues: 2,5 M€ – 2021 revenues: 2,4 M€
  • Headcount 23 employees
  • Deadline for submitting bids: 09/09/2024

H4D

Main features:

  • Business: Two distinct activities:
    – Development and marketing of telemedicine booths for local authorities, private-sector companies and senior citizens’ homes.
    – Provision of occupational health nurses
  • Company registration number: 503 326 506
  • 2023 revenues: 2,5 M€ – 2022 revenues: 3,2 M€ – 2021 revenues: 3 M€
  • Headcount 79 employees including 20 CDI occupational health nurses
  • Deadline for submitting bids: 05/09/2024

Building renovation

Main features:

  • Business: Company specializing in general building renovation and extensions
  • Location: Gironde
  • 2023 revenues: 2,3 M€
  • Headcount 14 employees
  • Deadline for submitting bids: 23/08/2024

Sports flooring installation

Main features:

  • Business: Installation of sports and dance flooring
  • 2024 revenues: 2 M€ – 2023 revenues: 3,4 M€
  • Deadline for submitting bids: 30/09/2024