immeuble Franklin

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).

 

Groupe Clestra Hauserman

Main features:

  • Business: World leader in the design, manufacture and installation of movable partitions for office buildings – controlled atmosphere rooms.
  • Location: The group operates on a global scale, with numerous subsidiaries in Europe.
  • Headcount 670 employees
  • 2021 revenues: 142 M€
  • Deadline for submitting bids: 23/09/2022

Saint Jean Industries Laval

Main features:

  • Business: Foundry activity (cast iron and steel) of industrial parts and automotive engine components.
  • Location: Changé (Mayenne)
  • Company registration number: 513 166 595
  • Headcount 95 employees
  • 2021 revenues: 13,9 M€
  • Deadline for submitting bids: 28/10/2022

Flin Escaliers France

Main features:

  • Business: Manufacture and marketing of stairs and products made of wood and wood derivatives.
  • Location: Languenan (Côtes-d’Armor)
  • Company registration number: 838 545 457
  • Headcount 95 employees
  • 2021 revenues: 9,6 M€
  • Deadline for submitting bids: 07/10/2022

Public works and construction

Main features:

  • Business: Public works and construction.
  • Location: Beauvais (Oise)
  • Headcount 31 employees
  • Revenues as of 28/2/2022: 5 M€
  • Deadline for submitting bids: 07/10/2022

SCI Scintelle

Main features:

  • Business: Manufacture, sale and installation of verandas, pergolas, woodwork, gates, blinds.
  • Location: Mortefontaine-en-Thelle (Oise)
  • Headcount 33 employees
  • 2021 revenues: 4 M€ – 2020 revenues: 4,7 M€ – 2019 revenues: 6,4 M€
  • Deadline for submitting bids: 17/10/2022

Concentrated thermodynamic solar power plant

Main features:

  • Business: Company operating a concentrated thermodynamic solar power plant.
  • Location: Pyrénées-Orientales
  • Headcount 49 employees
  • 2021 revenues: 3,5 M€ – 2021 revenues of the SPV: 4,4 M€
  • Deadline for submitting bids: 17/10/2022

High-end childcare

Main features:

  • Business: Sale of high-end childcare articles on the Internet (company A) and in specialized stores (company B).
  • Location: Company A offices in Sèvres (92), company B stores in Paris 6 and Paris 17
  • Headcount 7 employees
  • 2022 revenues (15 months) : 3,4 M€ / 2,3 M€ – 2021 revenues (15 months) : 5,2 M€ / 1,8 M€ – 2020 revenues (15 months) : 5,5 M€ / 1,4 M€
  • Deadline for submitting bids: 13/10/2022
fenetre reprise logis service

Aluminum joinery and metalwork

Main features:

  • Business: Design office, manufacture and installation of aluminum joinery and metalwork.
  • Location: Occitanie et Rhône-Alpes
  • Headcount less than 50 employees
  • 2021 revenues: 3 M€ – 2020 revenues: 4 M€ – 2019 revenues: 5 M€
  • Deadline for submitting bids: 05/10/2022

Precision mechanics and micromechanics

Main features:

  • Business: Company specialized in precision mechanics and micromechanics to machine complex parts, very small dimensions, made of special materials (titanium, aluminum, stainless steel).
  • Location : Ile-de-France
  • Headcount 13 employees
  • 2021 revenues: 1,9 M€
  • Deadline for submitting bids: 05/10/2022

Global Business Service

Main features:

  • Business: Maintenance of office equipment.
  • Location: Boulogne-Billancourt (Hauts-de-Seine) and Paris area
  • Company registration number: 393 547 971
  • Headcount 6 employees
  • 2021 revenues: 1,8 M€
  • Deadline for submitting bids: 23/09/2022

Prestance Sécurité

Main features:

  • Business: Private security and guarding.
  • Location: Saint-Etienne (Auvergne Rhône-Alpes)
  • Company registration number: 494 099 955
  • Headcount 67 employees
  • 2021 revenues: 1,6 M€ – 2020 revenues: 2,4 M€ – 2019 revenues: 2,1 M€
  • Deadline for submitting bids: 07/10/2022

Sud France Packing

Main features:

  • Business: Custom packaging for the food industry.
  • Location: Bouches-du-Rhône
  • Company registration number: 811 124 338
  • Headcount 24 employees
  • 2022 revenues: 1,2 M€ – 2021 revenues: 1 M€
  • Deadline for submitting bids: 25/10/2022

Traditional carpentry – Fittings

Main features:

  • Business: Traditional carpentry, fittings, furnishings, staircases, construction of wood-frame houses.
  • Location: Alsace
  • Headcount 8 employees
  • 2021 revenues: 1,15 M€
  • Deadline for submitting bids: 02/11/2022

Scop Huma Print (anciennement Helio Corbeil)

Main features:

  • Business: Printing (digital printing, small and large format, with variability management for personalization).
  • Location: Combs-la-Ville (Seine-et-Marne)
  • Company registration number: 539 938 878
  • Headcount 31 employees
  • 2021 revenues: 559 K€ – 2020 revenues: 7,7 M€ – 2019 revenues: 12,2 M€
  • Deadline for submitting bids: 30/09/2022

Deeptech

Main features:

  • Business: Development of tools for planning, optimization and design of urban systems.
  • Location: Paris
  • Headcount 5 employees
  • Deadline for submitting bids: 27/09/2022

SAS Luderix International

Main features:

  • Assignment of commercial leases :
    – Nice (Mall Nice Forum Lingostière)
    – Paris La Défense (Mall les 4 Temps)
    – Aulnay-sous-Bois (Mall Parinor)
    – Eragny-sur-Oise (Mall Art de Vivre).
  • Location: Villeneuve-d’Ascq (headquarters)
  • Company registration number: 310 635 347
  • Deadline for submitting bids: 28/09/2022