immeuble Franklin

Distressed acquisition opportunities – May 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).

 

Princesse Boutique

Main features:

  • Business: Sale of 8 “Princesse boutique” ready-to-wear retail businesses.
  • Location: Rhône, Isère, Provence-Alpes-Côte d’Azur, Savoie and Haute-Savoie
  • Company registration number: 410 804 991
  • 2022 revenues: Subsidiary 1 : 529 K€ – Subsidiary 2 : 679 K€ – Subsidiary 3 : 717 K€ – Franchisee 1 : 321 K€ – Franchisee 2 : 320 K€ – Franchisee 3 : 421 K€
  • Deadline for submitting bids: 06/06/2023

Garaud

Main features:

  • Business: Masonry work and building shells.
  • Location: Plescop (Morbihan)
  • Company registration number: 410 804 991
  • 2022 revenues: 3,6 M€
  • Headcount 16 employees
  • Deadline for submitting bids: 19/06/2023

Film production, distribution and catering

Main features:

  • Business: Film production, distribution and catering.
  • Location: Ile-de-France
  • Company registration number: Lobster films : 332 815 224 –  La soupe au canard : 832 551 790 – Cythere films : 592 047 674
  • 2022 revenues: Lobster films : 2,1 M€ – La soupe au canard : 789 K€
    Cythere films : 127 K€ – CA 2021 : Lobster films : 1,6 M€ – La soupe au canard : 242 K€ – Cythere ilms : 65 K€
  • Headcount: Lobster films : 18 employees –  La soupe au canard : 4 employees – Cythere films : 3 employees
  • Deadline for submitting bids: 09/06/2023

JLB Technologies

Main features:

  • Business: Industrial operations for chemical supply systems and press tools.
  • Location: Puy-de-Dôme
  • Company registration number: 333 697 266
  • 2023 revenues: 2,7 M€ – 2022 revenues: 2,7 M€ – 2021 revenues: 3,1 M€
  • Headcount 28 employees
  • Deadline for submitting bids: 05/06/2023
plomberie sanitaire reprise

Plumbing – Heating

Main features:

  • Business: Heating, plumbing, ventilation and renewable energy.
  • Location: Guichainville (Eure)
  • 2021-2022 revenues: 1,7 M€
  • Headcount 12 employees
  • Deadline for submitting bids: 08/06/2023

Hotel – Restaurant

Main features:

  • Business: Hotel / catering.
  • Location: Guichainville (Eure)
  • 2022 revenues: Restaurant : 543 K€ – Hotel : 1,2 M€
  • Deadline for submitting bids: 20/06/2023

Textile printing

Main features:

  • Business: Textile printing: cylinder engraving and digital printing.
  • Location: Rhône-Alpes
  • 2022 revenues: 1,1 M€ – 2021 revenues: 1,1 M€
  • Headcount 18 employees
  • Deadline for submitting bids: 16/06/2023

Cloud software platforms

Main features:

  • Business : Development, marketing and management of cloud software platforms (energy suppliers and distributors).
  • Location: Alpes-Maritimes
  • 2022 revenues: 731 K€ – 2021 revenues: 604 K€ – 2020 revenues: 471 K€
  • Headcount 13 employees
  • Deadline for submitting bids: 09/06/2023
transport routier

Bruno Gallo Transports

Main features:

  • Business: Road haulage or hire of industrial vehicles.
  • Location: Bignan (Morbihan) and Piré-Chancé (Ille-et-Vilaine)
  • 2022 revenues: 303 K€
  • Headcount 49 employees
  • Deadline for submitting bids: 28/06/2023