News
20.03.2024Arnaud 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).

Manufactory Ever Grès – MEG

Main features:

  • Business: Manufacture and sale of ceramics and all types of tiles and building materials
  • Location: Oiry (Marne)
  • Company registration number: 477 540 157
  • 2022 revenues: 24,5 M€
  • Headcount 71 employees
  • Deadline for submitting bids: 17/04/2024

Photovoltaic panels

Main features:

  • Business: Company specialising in the design, production and sale of photovoltaic panels
  • 2023 revenues: 21 M€ – 2022 revenues: 12,4 M€
  • Headcount 88 employees
  • Deadline for submitting bids: 09/04/2024

Elan Gipen

Main features:

  • Business: Design and manufacture of wood structures
  • Location: Engineering offices: Vedène (Vaucluse) and Chatte (Isère) – Offices: Magland (Haute-Savoie) – Production workshops: Pithiviers (Loiret), Remoulins (Gard), Aix-en-Provence-Les Milles (Bouches-du-Rhône)
  • Company registration number: 832 759 054
  • 2023 revenues: 19 M€ – 2022 revenues: 16,3 M€ – 2021 revenues: 15 M€
  • Headcount 115 employees
  • Deadline for submitting bids: 19/04/2024

Couvertures Lopez

Main features:

  • Business: Roofing, insulation, cladding and installation of roof windows
  • Location: Head office: Thouars (Deux-Sèvres) – Branches: Tours (Indre-et-Loire), La Rochelle (Charente Maritime), Blois (Loir-et-Cher), Poitiers (Vienne) and Niort (Deux-Sèvres)
  • Company registration number: 438 069 189
  • 2022 revenues: 8,6 M€ – 2021 revenues: 7,9 M€ – 2020 revenues: 6,5 M€
  • Headcount 71 employees
  • Deadline for submitting bids: 29/03/2024

Nouvelle MMO

Main features:

  • Business: Design, industrial manufacture and marketing or rental of products for the medical sector
  • Location: Vitré (Ille-et-Vilaine)
  • Company registration number: 849 577 622
  • 2022 revenues: 7,2 M€
  • Headcount 54 employees
  • Deadline for submitting bids: 29/03/2024

Sign service provider

Main features:

  • Business: Sign service provider (sales force supplies for TV, household appliances and image/sound departments)
  • 2023 revenues: 5 M€
  • Headcount 67 employees
  • Deadline for submitting bids: 29/03/2024

Digital solutions

Main features:

  • Business: Company offering digital solutions to improve digital visibility, acquire new customers and recruit new talent
  • 2022 revenues: 4,8 M€
  • Effectif : 6 salariés
  • Deadline for submitting bids: 17/04/2024

General masonry and building shells

Main features:

  • Business: Company specialising in general masonry work and building shells
  • Location: Midi-Pyrénées
  • 2022 revenues: 4,6 M€
  • Deadline for submitting bids: 04/04/2024

Installation of ceilings

Main features:

  • Business: Installation of suspended ceilings, false ceilings and thermal insulation
  • 2023 revenues: 4,4 M€ – 2022 revenues: 4,4 M€
  • Headcount 19 employees
  • Deadline for submitting bids: 19/04/2024

Sale and installation of professional kitchens

Main features:

  • Business: Sale and installation of professional kitchens for contract catering and commercial catering, refrigeration installation, after-sales service, maintenance
  • Location: Bourg-en-Bresse (Ain)
  • 2022 revenues: 4 M€ – 2021 revenues: 5,2 M€
  • Headcount 15 employees
  • Deadline for submitting bids : 26/04/2024

Société Debeuf Manutention Levage

Main features:

  • Business: Wholesale of various industrial supplies and equipment
  • Location: Vitrolles (Bouches-du-Rhône)
  • Company registration number: 326 395 142
  • 2022 revenues: 3,7 M€
  • Headcount 14 employees
  • Deadline for submitting bids: 15/04/2024

RBIT

Main features:

  • Business: Industrial preparation of meat products
  • Location: Ille-et-Vilaine
  • 2023 revenues: 2,8 M€ – 2022 revenues: 4,1 M€
  • Headcount 14 employees
  • Deadline for submitting bids: 16/04/2024

Lamazuna

Main features:

  • Business: Marketing of zero-waste, eco-friendly hygiene products
  • Location: Drôme
  • Company registration number: 522 516 319
  • 2023 revenues: 2,8 M€
  • Headcount 7 employees
  • Deadline for submitting bids: 30/04/2024