Distressed acquisition opportunities – March 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 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).

		Chemical transformation of waste oils Main features: Business: French plant for the chemical conversion of used oils, waste and residues into biofuels (2nd generation and advanced biodiesel, biofuels), operating on a continuous process and capable of processing all types of raw materials (including animal fats). Location: Prémery (Yvelines) 2022 revenues: 96,6 M€ – 2021 revenues: 40,8 M€ – 2020 revenues: 29,9 M€ Headcount 36 employees Deadline for submitting bids: 26/04/2024
		Bambooh Main features: Business: Management of multi-service and multi-technical activities for companies Location: Seine-et-Marne Company registration number: 913 372 074 2023 revenues (provisional) : 24,7 M€ – 2022 revenues (provisional): 25,8 M€ Headcount 99 employees Deadline for submitting bids : 05/04/2024
		Sofidest – Nippon Pièces Service Main features: Business: Sofidest : Holding Nippon Pièces Service : Importateur et distributeur de pièces automobiles asiatiques et européennes Headcount: Sofidest : 25 employees – Nippon Pièces Service : 16 employees 2022 revenues : Sofidest : 2 M€- Nippon Pièces Service : 15,1 M€ – 2021 revenues : Sofidest : 2 M€ – Nippon Pièces Service : 17,8 M€ Deadline for submitting bids: 30/04/2024
		Supplying supermarkets, grocery shops and caterers with cashier products Main features: Business: A company specialising in supplying supermarkets, grocery shops and caterers with cashier products, in particular under private labels (Sharon Valley, Lilly Biscuits, Mehader, etc.). Location: Neuilly-sur-Marne (Seine-Saint-Denis) 2023 revenues (project) : 13 M€ Headcount 21 employees Deadline for submitting bids: 15/04/2024
		Printing and finishing of periodicals Main features: Business: Company specialising in the printing and finishing of periodicals and publications, magazines and brochures, based in the Var region of France. Location: Var 2023 revenues: 7,8 M€ Headcount 45 employees Deadline for submitting bids: 15/04/2024
		Tax, social security and customs representation services Main features: Business: Companies providing tax, social security and customs representation services (operations in 20 countries) 2023 revenues: 7,1 M€ Headcount 68 employees Deadline for submitting bids: 04/04/2024
		Groupe Patacrêpe Main features: Business: Six companies operating five restaurants and a central kitchen Location: Béziers, Marseille, Nîmes, Les Pennes-Mirabeau and Lille Revenues: 6 M€ Headcount 85 employees Deadline for submitting bids: 12/04/2024
		Gaiago Main features: Business: Design, manufacture and sale of high added-value agricultural inputs: soil revitalisation products and biostumulants for use in agriculture Location: Saint-Malo (Ille-et-Vilaine) Company registration number: 803 443 787 2023 revenues: 5,7 M€ Headcount 58 employees Deadline for submitting bids: 25/04/2024
		Road haulage of goods Main features: Business: Road haulage of goods (refrigerated transport, soil, limestone, cereal tippers, beetroot, pulp, residues, all products related to sugar production) Location: Pas-de-Calais 2023 revenues: 3 M€ Headcount 17 employees Deadline for submitting bids: 20/05/2024
		Nutrimetics France Main features: Business: Import, operation and sale of all perfumery and beauty products Location: Versailles (Yvelines) Company registration number: 393 387 881 2023 revenues: 3 M€ Headcount 58 employees Deadline for submitting bids: 20/05/2024
		Exbanor Main features: Business: Manufacture of films for packaging by extrusion of plastics and fastening systems for staking and trellising Location: Beuvillers (Calvados) Company registration number: 302 004 577 2023 revenues: 2,2 M€ Headcount 5 employees Deadline for submitting bids: 22/04/2024
		UFT France Main features: Business: Wholesale of various supplies and equipment for commerce and services Location: Rosheim (Bas-Rhin) Company registration number: 400 041 968 2022 revenues: 2 M€ Headcount 8 employees Deadline for submitting bids: 23/04/2024
		Adapted company (disabled staff) Main features: Business: Adapted company (disabled staff) in the fields of pharmaceuticals/cosmetics/solar panels (packaging) Location: Loiret 2023 revenues: 1,7 M€ – 2022 revenues: 2,6 M€ Headcount 49 employees Deadline for submitting bids: 24/04/2024