News
Arnaud Pédron, Numa Rengot

Distressed acquisition opportunities – September 2021

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).

 

Heliatec

Main features:

  • Business: Group of 4 companies with the following activities: training, technical assistance, engineering, QSSE.
  • Location: France and Outre-Mer
  • Company registration number: Heliatec : 437 838 683 – Heliatec Formation : 482 266 137 – Heliatec Export : 501 786 149 – Heliatec Caraïbes : 795 187 699
  • Headcount 180 employees direct outside the subsidiary
  • 2020 revenues: 16,8 M€
  • Deadline for submitting bids: 08/09/2021

Industrie Travaux Entreprise (ITE)

Main features:

  • Business: Company specialized in the large work and all trades.
  • Location: Yvelines
  • Company registration number: 659 801 070
  • Headcount 32 employees
  • 2020 revenues: 12,5 M€
  • Deadline for submitting bids: 10/09/2021

Call centers – Dietary products

Main features:

  • Business: Company specialized in call centers of dietetic products.
  • Location: Nouvelle Aquitaine
  • Headcount 100 employees
  • 2020 revenues: 12 M€
  • Deadline for submitting bids: 13/09/2021
transport routier

Road transportation

Main features:

  • Business: Company 1: THDF : Road transport of goods –
    Company 2: Vehicle rental for road freight transport.
  • Location: Dunkerque (Nord)
  • Company registration number: THDF : 312 631 195
  • Headcount 44 employees
  • Revenues: Company 1: 5 M€ – Company 2: 1 M€
  • Deadline for submitting bids: 30/08/2021

Company providing services to express freight operators

Main features:

  • Business: Company providing services to express freight operators – Sorting and preparation of fast moving packages for delivery by distribution operators.
  • Headcount 44 employees
  • 2020 revenues: 5,3 M€
  • Deadline for submitting bids: 20/09/2021

Serail

Main features:

  • Business: This family-owned company has been involved in the design, manufacture, installation and after-sales service of high-tech freeze-dryers and associated loading systems for some 40 years. The company owns its own premises. The clientele is mainly composed of large accounts and independent laboratories in the field of pharmaceutical and biotechnological industries.
  • Location: Le Coudray Saint Germer (Oise)
  • Company registration number: 438 739 930
  • Headcount 31 employees
  • 2020 revenues: 4,4 M€
  • Deadline for submitting bids: 30/09/2021

Visorex

Main features:

  • Business: Manufacturing and marketing of mailboxes.
  • Location: Noisy-le-Grand (Seine-Saint-Denis)
  • Company registration number: 428 804 223
  • Headcount 38 employees
  • 2020 revenues: 3,7 M€
  • Deadline for submitting bids: 30/09/2021

Electrical installation

Main features:

  • Business: Company of electrical installation work in all premises since the 1960s.
  • Location: Haut-Rhin
  • Headcount 17 employees
  • 2019 revenues: 2,24 M€
  • Deadline for submitting bids: 20/09/2021

Precision engineering

Main features:

  • Business: Precision mechanics sector certified EN 9100. Machine parks and complementary activities.
  • Location: Essonne
  • Headcount: Company 1: 16 employees – Company 2: 6 employees
  • 2020 revenues: Company 1: 1 M€ – Company 2: 0,7 M€
  • Deadline for submitting bids: 13/09/2021

AMP Groupe

Main features:

  • Business: Purchase, sale, manufacturing, repair, transformation and assembly concerning precision and general mechanics, turning, milling. (ISO-9001 certification).
  • Location: Eure-et-Loir
  • Headcount 3 employees
  • Company registration number: 442 827 309
  • 2018 revenues: 950 K€
  • Deadline for submitting bids: 24/09/2021

Machining, boiler making, turning, milling, surface treatments

Main features:

  • Business: Machining, boiler making, turning, milling, surface treatments – Customers: Industry, nautical industry, energy, etc. (SNRI, BOLLORE, NAVAL GROUP, GRAFITEST etc.).
  • Location: Lorient (Morbihan)
  • Headcount 11 employees
  • CA 2020 : 851 K€
  • Deadline for submitting bids: 11/10/2021

NS3E

Main features:

  • Business: Reconstruction and maintenance of machine tools and mechanical equipment Heidenhain distributor.
  • Location: PACA
  • Company registration number: 380 268 045
  • Headcount 5 employees
  • 2019 revenues: 810 K€
  • Deadline for submitting bids: 30/09/2021

Security agency, guarding

Main features:

  • Business: Security agency, guarding.
  • Location: Rennes (Ille-et-Vilaine)
  • Headcount 33 employees
  • 2020 revenues: 806 K€
  • Deadline for submitting bids: 24/09/2021

Castel of Codignat

Main features:

  • Business: 5* hotel establishment (Relais et Châteaux) with a restaurant.
  • Location: Lezoux (Puy-de-Dôme)
  • Headcount 6 employees
  • 2020 revenues: 800 K€ – 2019 revenues: 1,3 M€
  • Deadline for submitting bids: 15/09/2021

Association CPCV EST

Main features:

  • Business: Training Center.
  • Location: Strasbourg (Bas-Rhin)
  • Headcount : 15 permanent employees and 30 casual employees
  • 2020 revenues: 743 K€
  • Deadline for submitting bids: 16/09/2021

Imprimerie

Main features:

  • Business: Printing.
  • Location: Bas-Rhin
  • Effectif : 9 salariés
  • 2020 revenues: 611 K€
  • Deadline for submitting bids: 16/09/2021