News
30.09.2022Arnaud Pédron, Numa Rengot

Distressed acquisition opportunities – September 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).

Online distribution and supply of furniture

Main features:

  • Business: Two companies specialized in the online distribution and supply of home furnishings, sofas, seats and bedding.
  • Headcount 7 employees
  • 2022 revenues: 15,7 M€
  • Deadline for submitting bids: 12/10/2022

Processing and bottling of fresh fruit juice

Main features:

  • Business: Processing and bottling of fresh fruit juices, pasteurization techniques and high cold pressure.
  • Location: Oise
  • Headcount 73 employees
  • 2021 revenues: 7,1 M€
  • Deadline for submitting bids: 07/10/2022

Alvitec

Main features:

  • Business: Installation, maintenance and repair of heating and air conditioning systems.
  • Location: Limonest (Rhône)
  • Headcount 44 employees
  • 2021 revenues: 7,6 M€ – 2020 revenues: 4,9 M€
  • Deadline for submitting bids: 07/11/2022

Sustainable logistics and delivery solutions

Main features:

  • Business: Company specialized in logistics and sustainable delivery solutions for e-commerce players.
  • Headcount 26 employees
  • 2021 revenues: 5,6 M€
  • Deadline for submitting bid: 12/10/2022

Leases in industrial studies and achievements

Main features:

  • Leases in industrial studies and achievements.
  • Location: Sainte Marie aux Chênes : headquarters in Moselle, one site in Vosges
  • Headcount 38 employees
  • 2021 revenues: 5,3 M€

SAS Soleil de Célestine (former SOH Bois)

Main features:

  • Business: Realization of all high-end wood frame works.
  • Location : Créon (Gironde)
  • Company registration number: 523 600 898
  • Headcount 31 employees
  • 2021 revenues: 4,5 M€
  • Deadline for submitting bids: 05/10/2022

Book publishing

Main features:

  • Business : Book publishing.
  • Location: Midi-Pyrénées
  • 2021 revenues: 3 M€
  • Deadline for submitting bids: 13/10/2022

Masonry, restoration, earthworks

Main features:

  • Business: Masonry, restoration, earthworks.
  • Location: Mayenne
  • Headcount 24 employees
  • 2021 revenues: 2,52 M€ – 2020 revenues: 2,52 M€ – 2019 revenues: 2,96 M€
  • Deadline for submitting bids: 07/11/2022

Wealth management

Main features:

  • Business: Advice in wealth management, advice in financial investments.
  • Location: Aix-en-Provence (Bouches-du-Rhône)
  • Headcount 10 employees
  • 2021 revenues: 2,4 M€ – 2020 revenues: 2,5 M€
  • Deadline for submitting bids: 14/10/2022

Layout of sales areas

Main features:

  • Business: Fitting out of sales areas, advice and realization of false ceilings, lighting, shelving, heating, air conditioning, partitions, installation of carpentry, parquet floors, electrical insulation.
  • Location: Saint-Hilaire-de-Brethmas (Gard)
  • Headcount between10 and 50 employees
  • 2021 revenues: 2,4 M€ – 2020 revenues: 2,8 M€ – 2019 revenues: 2,8 M€
  • Deadline for submitting bids: 31/12/2022

Surveillance – Guarding

Main features:

  • Business : Surveillance, security and guarding of goods or during occasional interventions on sites.
  • Location: Paris area and Normandie
  • Headcount 30 employees
  • 2021 revenues: 1,4 M€ – 2020 revenues: 1 M€ – 2019 revenues: 1,1 M€
  • Deadline for submitting bids: 20/10/2022
plomberie sanitaire reprise

Heating and insulation

Main features:

  • Business: Heating, insulation, plasterer, plumbing, assistance in obtaining aid, energy renovation premiums and subsidies.
  • Location: Région Centre et Nouvelle-Aquitaine
  • Headcount 29 employees
  • 2021 revenues: 1,6 M€ – 2020 revenues: 645 K€
  • Deadline for submitting bids: 03/10/2022

Groupe Conta

Main features:

  • Business: Companies of mechanical welding, sheet metal work, electronics intended for the security of sales areas.
  • Location: Senonais (Yonne)
  • Headcount 12 employees
  • 2021 revenues: 1,3 M€
  • Deadline for submitting bids: 21/10/2022

Le Petit Poucet

Main features:

  • Business: Catering, pastry shop, tea room.
  • Location: Amiens (Somme)
  • Headcount 22 employees
  • 2021 revenues: 1 M€ – 2019 revenues: 1,6 M€
  • Deadline for submitting bids: 31/10/2022