News
15.09.2022Arnaud 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).

 

Feedback Group

Main features:

  • Business: Company specialising in the outsourcing of services in the field of the automobile, energy, installation of charging stations for electric vehicles, marketing studies for withdrawal companies and brands.
  • Location: Courbevoie (Hauts-de Seine)
  • Company registration number: 417 617 479
  • Headcount 336 employees
  • 2021 revenues: 33,3 M€
  • Deadline for submitting bids: 07/10/2022

MDL Europe

Main features:

  • Business: Press tool manufacturing: large steel plate products and small diameter cylindrical components.
  • Location: Issenheim (Haut-Rhin)
  • Company registration number: 341 196 749
  • Headcount 74 employees
  • 2021 revenues: 8,37 M€
  • Deadline for submitting bids: 19/09/2022

Sival

Main features:

  • Business: Highly integrated gravity die-cast aluminium and sand technologies foundry, with secondary facility for machining all materials.
  • Location: Anzin (Nord)
  • Company registration number: 878 481 548
  • Headcount 63 employees  – Subsidiary company in Hungary : 22 employees
  • 2021 revenues: 8,3 M€
  • Deadline for submitting bids: 23/09/2022

Clinic

Main features:

  • Business: Clinic.
  • Location: Occitanie
  • Headcount 111 employees
  • 2021 revenues: 8,2 M€
  • Deadline for submitting bids: 26/10/2022

Company specialising in painting and floor coverings

Main features:

  • Business: Company specialising in painting (interior and exterior) and floor coverings.
  • Location: Finistère
  • Headcount 50 employees
  • 2022 revenues: 4,2 M€

Production and marketing of indoor vegetable gardens

Main features:

  • Business: Production and marketing of indoor vegetable gardens based on patented hydroponic technology.
  • Location: Paris et Val d’Oise
  • Headcount 10 employees
  • 2021 revenues: 3,5 M€
  • Deadline for submitting bids: 05/10/2022

Pharmacy – Drugstore

Main features:

  • Business: Pharmacy – Drugstore.
  • Location: Paris
  • Headcount 4 employees
  • 2021 revenues: 3,4 M€ – 2020 revenues: 3,3 M€
  • Deadline for submitting bids: 29/09/2022

Manufacture française de textile

Main features:

  • Business: Textile finishing activity: integrated textile actor in spinning, knitting and dyeing, recycling by fraying
  • Location: Caudry (Hauts-de-France)
  • Headcount 77 employees
  • Company registration number: 844 533 570
  • 2021 revenues: 2,96 M€ – 2020 revenues: 4,27 M€ – 2019 revenues: 9,96 M€
  • Deadline for submitting bids: 30/09/2022

General masonry and building shell work

Main features:

  • Business: General masonry and building shell work.
  • Location: Provence Alpes Côte d’Azur
  • Headcount 11 employees
  • 2021 revenues (18 months) : 2,2 M€
  • Deadline for submitting bids: 26/09/2022
fenetre reprise logis service

Production and installation of joinery

Main features:

  • Business: Company specialised in the production, trade and installation of glass products and aluminium and PVC joinery.
  • Location: Côtes-d’Armor
  • Headcount 16 employees
  • 31/03/2022 revenues: 1,9 M€

Marketing of personal hygiene products

Main features:

  • Business: Marketing of personal hygiene products.
  • Location: Normandie
  • Headcount 5 employees
  • 2021 revenues: 1,6 M€
  • Deadline for submitting bids: 30/09/2022

Construction and renovation

Main features:

  • Business: Company specialised in construction and renovation work (painting, restoration, floors).
  • Location: Côte d’Armor
  • Headcount 15 employees
  • 2021 revenues: 1,2 M€

Breakdown service for used cars

Main features:

  • Business: Breakdown service, towing, used car sales, bodywork.
  • Location: Lunel and Aigues-Mortes (Hérault)
  • Headcount 5 employees
  • 2021 revenues: 983 K€ – 2020 revenues: 802 K€ – 2019 revenues: 1 M€
  • Deadline for submitting bids: 20/09/2022

Removals

Main features:

  • Business: Public transport of goods, removals, furniture storage, vehicle rental.
  • Location :  Headquarters: Epinay-sur-Seine – Warehouse: Saint-Ouen l’Aumône
  • Headcount 21 employees
  • 2021 revenues: 799 K€
  • Deadline for submitting bids: 06/10/2022

Tourist hotel – 4 stars

Main features:

  • Business: Real estate complex used as a tourist hotel (classified 4 stars).
  • Location: Ferney Voltaire (Ain)
  • Deadline for submitting bids: 26/09/2022