News
Arnaud Pédron, Numa Rengot

Distressed acquisition opportunities – April 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).

 

Industrial equipments

Main features:

  • Business: Engineering / Construction / Maintenance services for industrial equipment (cooling and air treatment).
  • Location :Saint-Denis (Seine-Saint-Denis)
  • Headcount 121 employees
  • 2020 revenues: 31,5 M€
  • Deadline for submitting bids: 02/05/2022

Hotel residences

Main features:

  • Business: Group operating 15 tourist hotel residences.
  • Headcount 188 employees
  • 2019 revenues: : 25,4 M€ – 2020 revenues: 8,52 M€
    2021 revenues: 13,36 M€
  • Deadline for submitting bids : 06/05/2022

Web agency

Main features:

  • Business: Web agency.
  • Location: Essonne
  • Headcount 99 employees
  • Company registration number: 803 025 972
  • 2019 revenues: 7,2 M€ – 2020 revenues: 7,8 M€ – 2021 revenues: 8,4 M€
  • Deadline for submitting bids: 22/04/2022

Aston Médical

Main features:

  • Business: Manufacture and trade of prostheses and orthopaedic materials.
  • Location: Saint-Etienne (Loire)
  • Headcount 54 employees
  • Company registration number: 389 323 346
  • 2019 revenues: 10,7 M€ – 2020 revenues: 5,34 M€ – 2021 revenues: 5,15 M€
  • Deadline for submitting bids: 30/05/2022
service à la personne

Home help association

Main features:

  • Business: Home help association for families in the Ile de France region, excluding 77.
  • Location: Paris (Ile-de-France)
  • Headcount 91 employees
  • CA 2021 (projet) : 3,94 M€ – CA 2020 : 4,26 M€
  • Deadline for submitting bids: 04/05/2022

General building contractor

Main features:

  • Business: General contractor for structural work and masonry, OPC services.
  • Location: Allier
  • Headcount 43 employees
  • 2021 revenues: 4,1 M€
  • Deadline for submitting bids: 25/04/2022

Com’Plus

Main features:

  • Business: Phone call centre.
  • Location: Hauts-de-France
  • Headcount 130 employees
  • Company registration number: 414 312 306
  • 2020 revenues: 3,64 M€
  • Deadline for submitting bids: 06/05/2022

Culinary laboratory

Main features:

  • Business: Culinary laboratory specialising in pastry, chocolate and catering.
  • Location: Gironde
  • Headcount 52 employees
  • 2019 revenues: 3,75 M€ – 2020 revenues: 2,47 M€
  • Deadline for submitting bids: 06/05/202

Illuminated signs

Main features :

  • Business: Design, manufacture and marketing of illuminated signs.
  • Location: Puy-de-Dôme
  • Headcount 19 employees
  • 2020 revenues: 3,43 M€ – 2021 revenues: 2,15 M€
  • Deadline for submitting bids: 02/05/2022