03.03.2023Arnaud Pédron, Numa Rengot

Distressed acquisition opportunities – March 2023

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).


San Marina

Main features:

  • Business: Retail of shoes, leather goods.
  • Location: France and Corse
  • Deadline for submitting bids: 18/03/2023

Industrial manufacture of meat products

Main features:

  • Business: Industrial manufacture of delicatessen products: bacon / fine pastes / sliced, with a clientele in supermarkets, restaurants and wholesalers.
  • Location: Lyon (Rhône)
  • Headcount 140 employees
  • 2022 revenues: 54,1 M €
  • Deadline for submitting bids: 14/04/2023

Rangers Sécurité

Main features:

  • Business: Guarding, security and first aid services in Cayenne.
  • Location: Matoury (Guyane)
  • Company registration number: 482 124 146
  • Headcount 430 employees
  • 2022 revenues (estimated) : 17,4 M € – CA 2021 revenues 15,9 M €
  • Deadline for submitting bids: 14/03/2023

Design and manufacture of isolation ball valves

Main features:

  • Business: Design and manufacture of isolation ball valves for the oil and gas industry, from the exploration to the storage phase.
  • Location: Provence Alpes Côte d’Azur
  • Headcount 48 employees
  • 2021 revenues: 10 M€
  • Deadline for submitting bids: 15/03/2023

Manufacture of scenery

Main features:

  • Business: Company specialized in the manufacture of sets for television shows and event projects (concerts, fashion boutiques, exhibitions).
  • Location: Vitry-sur-Seine (Val-de-Marne)
  • Headcount 37 employees
  • 2021 revenues: 5,8 M€
  • Deadline for submitting bids: 24/03/2023

Infime Architecture

Main features:

  • Business: 3D production for the marketing of real estate projects.
  • Location: Paris and Vernon
  • Company registration number: 437 809 064
  • Headcount 7 employees
  • 2021 : 2,3 M€
  • Deadline for submitting bids: 07/03/2023

Plastic injection company

Main features:

  • Business: Plastic injection company – Rubber compression, LSR, cutting.
  • Location: Montauban (Tarn-et-Garonne)
  • Headcount 20 employees
  • 2022 revenues: 1,6 M€
  • Deadline for submitting bids: 17/03/2023

Marketing of LED lighting services

Main features:

  • Business: French player specialized in the marketing of LED lighting services to national multi-site customers.
  • Location: Val d’Oise
  • Headcount 6 employees
  • 2022 revenues: 1,4 M€
  • Deadline for submitting bids: 24/03/2023