News
Arnaud Pédron, Numa Rengot

Distressed acquisition opportunities – November 2022

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).

 

SET Tertiaire

Main features:

  • Business: Studies, installations, maintenance and servicing of electrical equipment.
  • Location: Dunkerque (Nord)
  • Headcount 51 employees
  • 2022 revenues: 8,6 M€
  • Deadline for submitting bids: 30/11/2022

Customization of commercial vehicles

Main features:

  • Business: Customization of commercial vehicles for professionals.
  • Location: Ile-de-France
  • Headcount 24 employees
  • 2021 revenues: 4,4 M€
  • Deadline for submitting bids: 18/11/2022

Teaching activities, personal services and publishing

Main features:

  • Business: 3 companies:
    1. Group classes: school revision courses + preparation for the Acces-Sesame and Advance exams.
    2. Private lessons at home or by video (from primary to high school).
    3. Editions: revision books, vacation books, methodology books.
  • Location: Paris et France entière (e-commerce)
  • Headcount: Company 1: 10 employees – Company 2: 13 employees
  • 2021 revenues: Group classes: 1,7 M€ – Private lessons: 1,9 M€ –  Editions: 330 K€
  • Deadline for submitting bids: 23/11/2022

RTP

Main features:

  • Business: Roadworks, earthworks, demolition and asbestos removal.
  • Headcount 41 employees
  • 2021 revenues: between 3 and 15 M€
  • Deadline for submitting bids: 28/11/2022

Foundry

Main features:

  • Business: Foundry, production of parts in different grades of steel.
  • Location: Valenciennois (Nord)
  • Headcount 32 employees
  • 2021 revenues: 2,7 M€
  • Deadline for submitting bids: 06/12/2022

MGBA

Main features:

  • Business: Masonry activity.
  • Location: Salagnon (Isère)
  • Company registration number: 492 951 272
  • Headcount 16 employees
  • 2021 revenues: 2,5 M€
  • Deadline for submitting bids: 14/11/2022

E-commerce logistics

Main features:

  • Business: E-commerce logistics.
  • Location: Halluin et Santés (Nord)
  • Headcount 19 employees
  • 2022 revenues: 1,9 M€ – 2021 revenues: 2,1 M€
  • Deadline for submitting bids: 25/11/2022

Design and manufacturing office

Main features:

  • Business: Design and manufacturing office of electronic devices for IOT, audiovisual and digital signage.
  • Location: Ille-et-Vilaine
  • Headcount 21 employees
  • 2021 revenues: 1,7 M€
  • Deadline for submitting bids: 05/12/2022

SARL Val d’Oise Téléphone

Main features:

  • Business: Supply and equipment of video protection, alarm, telecommunication and networks.
  • Location: Seine-et-Marne
  • Headcount 9 employees
  • 2021 revenues: 1,6 M€
  • Deadline for submitting bids: 25/11/2022

Installation of optical fiber

Main features:

  • Business: Installation of optical fiber and more generally of all telephone installations and cable services.
  • Location: Loiret
  • Headcount 11 employees
  • 2021 revenues: 1,5 M€
  • Deadline for submitting bids: 25/11/2022

Organic supermarket

Main features:

  • Activité : Food retailing: organic supermarket.
  • Headcount 3 employees
  • 2021 revenues: 1,2 M€
  • Deadline for submitting bids: 31/10/2024

Consulting and support company

Main features:

  • Business: Consulting and support company for private and public actors on issues of positive transformation; promotion of the positive economy.
  • Location: Courbevoie (Hauts-de-Seine)
  • Headcount 3 employees
  • 2021 revenues: 1,2 M€
  • Deadline for submitting bids: 28/11/2022

Hotel Kyriad – 3 stars

Main features:

  • Business: Hotel with 58 bedrooms and restaurant.
  • Location: Vaucluse
  • Headcount 9 employees
  • 2021 revenues: 850 K€
  • Deadline for submitting bids: 28/11/2022

Petch.fr

Main features:

  • Business: Company developing tools and services for pet owners.
  • Location: Saint Ouen (Seine-Saint-Denis)
  • Headcount 5 employees
  • 2022 revenues (estimated) : 450 K€
  • Deadline for submitting bids: 21/11/2022