News
12.04.2021Arnaud Pédron, Numa Rengot

Distressed acquisition opportunities – April 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).

mbf aluminium reprise

MBF Aluminium

Main features:

  • Business: Pressure injection, machining and assembly of aluminum parts for major international automotive manufacturers.
  • Location: Jura
  • Headcount 286 employees
  • Company registration number: 752 816 496
  • 2019 revenues: 36,3 M€
  • Deadline for submitting bids: 09/04/2021

CEREC

Main features:

  • Business: Hot and cold stamping of sheets for the manufacture of convex bottoms for storage, transport or pressure vessels.
  • Location: Recquignies (Hauts-de-France)
  • Headcount 286 employees
  • Company registration number: 531 332 310
  • 2020 revenues:14,3 M€ – 2019 revenues: 16,1 M€
  • Deadline for submitting bids: 16/04/2021

plomberie sanitaire reprise

Desbarbieux Frères

Main features:

  • Business: Heating, plumbing, ventilation, air conditioning, special fluids for new collective housing.
  • Location: Saultain (Nord)
  • Headcount between 10 and 50 employees
  • Company registration number: 353 278 351
  • 2019 revenues: 8,7 M€
  • Deadline for submitting bids: 30/04/2021

Murelli & Royer

Main features:

  • Business: Company of general masonry work and building shell.
  • Location: Aube
  • Headcount 29 employees
  • Company registration number: 350 737 912
  • 2019 revenues: 7,1 M€
  • Deadline for submitting bids: 08/04/2021

Sudec Industries

Main features:

  • Business: Company specialized in precision mechanical machining (Turning of parts from 4 mm to 65 mm, machining of long parts, milling, turning, deep drilling, machining of complex parts, honeycomb machining), ISO 9000 / EN 9100 / COFREND 2 certified.
  • Location: Hendaye (Pyrénées-Atlantiques)
  • Company registration number: 509 240 685
  • Headcount 34 employees
  • 2020 revenues: 2,16 M€ – 2019 revenues: 3,68 M€
  • Deadline for submitting bids: 12/05/2021

Réalisations Inox Carbone

Main features:

  • Business: Boilermaking – Industrial piping – Mechanics.
  • Location: Grande-Synthe (Hauts-de-France)
  • Headcount 18 employees
  • Company registration number:534 637 087
  • 2020 revenues: 2,1 M€
  • Deadline for submitting bids: 09/04/2021

Transfer

Main features:

  • Business: language training: training engineering, piloting of training systems and teaching of language skills, management and communication for French and international companies.
  • Location: Paris (Ile-de-France)
  • Company registration number: 332 680 107
  • Headcount 49 employees
  • 2020 revenues: 1,95 M€ – 2019 revenues: 2,9 M€
  • Deadline for submitting bids: 19/04/2021

Restaurant Edern

Main features:

  • Business: Gastronomic catering
  • Location: Paris
  • Company registration number: 830 787 073
  • Headcount 15 employees
  • 2019 revenues: 1,9 M€
  • Deadline for submitting bids: 07/05/2021

Lutringer Manutention Services

Main features:

  • Business: Machining, erosion, boiler making and maintenance in the agricultural and industrial sectors.
  • Location: Fresnoy-Le-Grand (Aisne)
  • Company registration number:333 719 938
  • Headcount between 10 and 50 employees
  • 2020 revenues: entre 1 et 2 M€
  • Deadline for submitting bids: 14/04/2021

plomberie sanitaire reprise

Sale and installation of heating, air conditioning, plumbing, sanitary, insulation

Main features:

  • Business: Sale and installation of heating, air conditioning, plumbing, sanitary, insulation
  • Location: Seuillet (Allier)
  • Headcount between 17 employees + 6 (holding)
  • 2019 revenues: 1,4 M€ – 2018 revenues: 1,3 M€
  • Deadline for submitting bids: 02/04/2021

Pure Environnement

Main features:

  • Business: Design office specialized in water and natural environment engineering.
  • Location: Haute-Garonne, Lot-et-Garonne et Ariège
  • Company registration number: 400 927 901
  • Headcount between 17 employees
  • 2020 revenues:: 1,25 M€ – 2019 revenues: 1,4 M€ – 2018 revenues: 1,2 M €
  • Deadline for submitting bids: 25/05/2021

Escaliers haut-de-gamme

Main features:

  • Business: Company specialized in the design, manufacture and marketing of high-end custom-made staircases in wood, metal and glass.
  • Location: Ille-et-Vilaine
  • Headcount between 23 employees
  • 2020 revenues: 1,3 M€
  • Deadline for submitting bids: 05/04/2021

agence communication reprise

Agence de conseil en communication

Main features:

  • Business: BtoB communication consulting agency specializing in content production and branding desig.”
  • Location: Métropole lyonnaise (Rhône)
  • Headcount between 11 employees
  • 2020 revenues: 1,25 M€ – 2019 revenues: : 1,7 – 2018 revenues:: 1,9 M€
  • Deadline for submitting bids: 16/04/2021

Parthéna

Main features:

  • Business: Real estate development of housing.
  • Location: Paris
  • Company registration number: 305 910 135
  • Headcount between 6 and 9 employees
  • Deadline for submitting bids: 30/04/2021