News
29.03.2024Arnaud Pédron, Numa Rengot

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
transport routier

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