News
12.07.2021Arnaud Pédron, Numa Rengot

Distressed acquisition opportunities – June 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).

 

Manufacturing of high precision mechanical parts

Main features:

  • Business: Manufacture of high precision mechanical parts for major industrial names in the aeronautical and automotive sectors.
  • Location: Evry (91) & Busloup (41)
  • Company registration number: Global Technologies Industries : 840 094 213 –
    Sotem 3S : 453 000 036 – Deep Grinding Technologies : 843 547 985 – Numeca : 317 540 771 – Numi-technologie : 345 059 729
  • Headcount: Global Technologies Industries : 8 employees –
    Sotem 3S : 8 employees – Deep Grinding Technologies : 9 employees – Numeca : 9 employees – Numi-technologie : 3 employees
  • 2020 revenues: Global Technologies Industries : 150 K€ –
    Sotem 3S : 1,892 M€ – Deep Grinding Technologies : 1,114 M€ – Numeca : 4,76 M€ – Numi-technologie : 238 K€
  • Deadline for submitting bids: 01/07/2021

Ski Lacroix

Main features:

  • Business: Intellectual property rights relating to the „Lacroix“ and „Ski Lacroix“ winter sports brands (including drawings, logos and related inventories with an estimated value of €343,000).
  • Headcount between 10 and 50 employees
  • Revenues: between 3 and 10 M€
  • Deadline for submitting bids: 12/07/2021

Cleaning of offices and industrial premises

Main features:

  • Business: Cleaning of offices and industrial premises, maintenance of residences and green spaces, window cleaning, multiservices (4 operating companies and 1 animation holding).
  • Location: Indre-et-Loire, Loir-et-Cher, Loiret
  • Headcount 234 employees
  • 2020 revenues (16 months) : 6,11 M€
  • DLDO : 31/07/2021

Manufacturing and design of machines

Main features:

  • Business: Manufacture and design of special machines for the optimization of production lines, the integration of robotics or the improvement of processes with customized and turnkey projects.
  • Location: Nouvelle Aquitaine
  • Headcount between 45 and 55 employees
  • 2020 revenues (18 months): 6 M€
  • Deadline for submitting bids: 21/07/2021

 

Ecotoxicology services

Main features:

  • Business: Commercialization of ecotoxicology services.
  • Location: Drôme
  • Headcount 23 employees
  • 2020 revenues: 2 M€
  • Deadline for submitting bids: 08/07/2021

Company of floor covering works

Main features:

  • Business: Company of floor covering works (hard and soft), applicator of fluid screeds. Public and private customers. Order book: about 2,5 M€.
  • Location: Côte d’Or
  • Headcount 14 employees and 1 trainee
  • CA 2020 : 1,77 M€
  • DLDO : 20/08/2021

Retail trade of clothing and shoes specialized in the yachting sector

Main features:

  • Business : Retail trade of clothing and shoes specialized in the yachting sector.
  • Location: Alpes Maritimes
  • Headcount 12 employees
  • 2020 revenues: 1,65 M€
  • Deadline for submitting bids: 12/07/2021

Hair care

Main features:

  • Business: Company operating in the field of hair care divests 8 sites with a majority of retail activity and on the margin of wholesale trade.
  • Location: Arras, Besançon, Le Havre, Montpellier, Toulouse, Mouvaux, Caen, Dijon.
  • Headcount 19 employees
  • 2020 revenues: 1,28 M€
  • DLDO : 08/07/2021

Trading of soil products

Main features:

  • Business: Trading of soil products (soya, rapeseed).
  • Location: Ille-et-Vilaine
  • Headcount 3 employees
  • 2020 revenues: 1,27 M€
  • Deadline for submitting bids: 30/06/2021

Engineering company in the mechanical fields

Main features:

  • Business: Provision of services and engineering in the fields of mechanical systems and various components (industrial geometry, metrology, assembly means, robotized islands, 1D/3D control means…).
  • Location: Aubervilliers (Seine-Saint-Denis)
  • Headcount 33 employees
  • 2020 revenues: 1,55 M€ – 2019 revenues: 4,2 M€
  • DLDO : 05/07/2021

Service company dedicated to light aviation

Main features:

  • Business: Service company dedicated to light aviation: airworthiness management, maintenance, flight school.
  • Location: Châteauroux (Indre)
  • Headcount 8 employees and 2 trainees
  • 2020 revenues: 1,1 M€

Precision engineering

Main features:

  • Business: 2 companies specialized in the sector of precision mechanics EN 9100. Complementary machine parks and activities.
  • Location: Essonne
  • Headcount: Company 1 : 16 employees – Company 2 : 6 employees
  • 2020 revenues: Company 1 : 1 M€ – Company 2 : 0,7 M€
  • Deadline for submitting bids: 30/07/2021

Totem

Main features:

  • Business: Totem Mobi: technological platform allowing to develop: the application allowing to use the service, to offer to the operators a system of follow-up and backoffice management, the marketing – Totem Provence: operates the management of the fleet of electric vehicles in car-sharing.
  • Location: Marseille (Bouches-du-Rhône)
  • Company registration number: Totem Mobi : 792 562 530 – Totem Provence : 883 334 161
  • Headcount: Totem Mobi : 6 employees – Totem Provence : 13 employees
  • 2020 revenues: Totem Mobi : 506 K€ – Totem Provence : 278 K€
  • DLDO : 29/07/2021

Mecanique General Rodde

Main features:

  • Business: Industrial and precision mechanics. Machining of medium and large mechanical parts and special machines.
  • Location: Gerzat (Puy-de-Dôme)
  • Company registration number: 815 295 944
  • Headcount 8 employees
  • 2020 revenues: 732 K€
  • Deadline for submitting bids: 12/07/2021

Watergame Company

Main features:

  • Business: French specialist in luxury bathtubs and high-end sanitary appliances „Made In France“.
  • Location: Villefranche-sur-Cher (Loir-et-Cher)
  • Company registration number: 388 817 231
  • Headcount 5 employees
  • 2020 revenues: 574 K€
  • DLDO : 10/07/2021

Development of innovative digital solutions

Main features:

  • Business: Studio expert in the development of innovative digital solutions (virtual and augmented reality and web applications).
  • Location: Paris
  • Headcount 5 employees
  • 2020 revenues: 31,4 K€ – 2019 revenues: 304 K€ – 2018 revenues: 208 K€
  • Deadline for submitting bids: 30/06/2021

 

2 star hotel – Arc de Triomphe – Paris

Main features:

  • Business: 2 star hotel of 1.218 m² – 31 rooms on 5 floors – Near the Arc de Triomphe.
  • Location: Paris
  • Headcount 3 employees
  • 2020 revenues: 81,1 K€ – 2019 revenues: 522 K€
  • DLDO : 09/07/2021

Development and marketing of connected sensors

Main features:

  • Business: Development and marketing of connected sensors allowing, in particular, the precise measurement of fuel levels in the tanks of agricultural, construction or transport vehicles.
  • Location: Loiret
  • Headcount 7 employees
  • 2020 revenues: 10,1 K€
  • Deadline for submitting bids: 02/07/2021