News
Arnaud 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).

MCSP Milk Cooler Spare Parts (brand Galactea)

Main features:

  • Business: Manufacture of refrigerated storage tanks.
  • Location: Nevers (Nièvre)
  • Headcount 69 employees
  • Company registration number: 432 903 441
  • 31/03/2022 (12 months) revenues: 7,9 M€
  • Deadline for submitting bids: 17/10/2022

Construction of photovoltaic plants

Main features:

  • Business: Construction of photovoltaic plants.
  • Location: Sud-Ouest
  • Headcount 19 employees
  • 2022 (estimated) revenues: 5 M€ – 2021 revenues: 4,9 M€
  • Deadline for submitting bids: 23/09/2022

Label Vie

Main features:

  • Business: Processing and retailing of food and non-food products in specialized stores.
  • Location: Roncq et Wasquehal (Nord
  • Headcount 6 employees (Roncq) and 7 employees (Wasquehal)
  • Company registration number: 821 022 449 (Roncq) and 502 572 670 (Wasquehal)
  • 2021 revenues: 1,5 M€ (Roncq) and 2021 revenues: 2 M€ (Wasquehal)
  • Deadline for submitting bids: 30/09/2022

OFC Group (8 companies)

Main features:

  • Business: 8 Dark kitchen / multi-cuisine laboratories: click & collect, takeaway, delivery through Uber and Deliveroo platforms or directly.
  • Location: Paris and Paris area, Lille, Nancy, Nice, Bordeaux.
  • Headcount 132 employees
  • 2022 revenues: 3,1 M€ – 2021 revenues: 5,5 M€
  • Deadline for submitting bids: 12/09/2022

Mediagroup

Main features:

  • Business: Thermoplastic injection.
  • Location: Fontaines (Saône-et-Loire)
  • Headcount 24 employees
  • Company registration number: 499 701 589
  • 31/03/2022 revenues (12 months) : 2,6 M€ – 2021 revenues: 2,5 M€ – 2020 revenues: 3,6 M€
  • Deadline for submitting bids : 10/09/2022

Wines of Alsace and Crémant

Main features:

  • Business: Service of presses – Sale and marketing of Alsace wines and Crémant.
  • Location: Sigolsheim (Haut-Rhin)
  • Headcount 3 employees
  • 2021 revenues: 2,2 M€
  • Deadline for submitting bids: 30/10/2022

Engineering consultancy

Main features:

  • Business: Engineering consultancy – Engineering consultancy firm specialized in the engineering of construction projects (AMO activity)
  • Location: Charenton-le-Pont (Val-de-Marne)
  • Headcount 6 employees
  • 2020 revenues: 2,1 M€
  • Deadline for submitting bids: 23/09/2022

Flyview

Main features:

  • Business: Operation of 4 tourist attractions allowing a virtual flyover of sites and monuments (flyover of Paris, hidden Paris, Pyramids and Notre Dame).
  • Location: Paris
  • Headcount 21 employees
  • Company registration number: 820 719 219
  • 2022 revenues: 2 M€ – 2021 revenues: 748 K€ – 2020 revenues: 806 K€ – 2019 revenues: 2.2 M€
  • Deadline for submitting bids: 20/09/2022
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Semit

Main features:

  • Business: Manufacture and installation of aluminium joinery.
  • Location: Dourges (Pas-de-Calais)
  • Headcount 17 employees
  • 2021 revenues: 1,8 M€
  • Deadline for submitting bids: 28/09/2022

Manufacturer of electronic devices

Main features:

  • Business: Manufacturer 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: 25/10/2022

Medtech specialized in medical 3D printing and design

Main features:

  • Business: Medtech specialized in medical 3D printing and design.
  • Location: Paris
  • Headcount 32 employees
  • 2021 revenues: 1,2 M€
  • Deadline for submitting bids: 23/09/2022

IT systems and software consulting

Main features:

  • Business: IT systems and software consulting
  • Location: Neuilly-sur-Seine (Hauts-de-Seine)
  • Headcount 4 employees
  • 2020 revenues: 350 K€
  • Deadline for submitting bids: 19/09/2022