News
08.08.2022Arnaud Pédron, Numa Rengot

Distressed acquisition opportunities – August 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).

Camaieu

Main features:

  • Business: Sale of ready-to-wear articles for women..
  • Location: Roubaix (Hauts-de-France) : Headquarter and warehouse Rouen (Seine Maritime)
  • Headcount 2 724 employees
  • 2021 revenues: 333 M€
  • Deadline for submitting bids: 02/09/2022

Usines Maisons Phenix

Principales caractéristiques :

  • Business: Plants dedicated to the manufacture of houses (concrete panels and metal frames).
  • Location: Nazelles-Négron (Indre-et-Loire), Maignelay-Montigny (Oise) and Le Bailleul (Sarthe)
  • Headcount : Nazelles-Négron : 46 employees – Maignelay-Montigny : 27 employees – Le Bailleul : 13 employees
  • Company registration number: Geoxia Composants : 335 310 280 – Phénix Métal Industrie : 574 801 098
  • 2021 revenues: Geoxia Composants : 6 M€ – 2021 revenues: Phénix Métal Industrie : 9,8 M€
  • Deadline for submitting bids: 20/09/2022

Boning, cutting, trapping and packaging of meat

Main features:

  • Business: Boning, cutting, trapping and packaging of meat (fresh and frozen).
  • Location: Nouvelle-Aquitaine
  • Headcount 47 employees
  • 2021 revenues: 15 M€
  • Deadline for submitting bids: 26/08/202

Maison Eco Nature Group

Main features:

  • Business: Manufacturer/constructor of wood-frame buildings and individual houses.
  • Location: Saint-Rémy-de-Provence (Bouches-du-Rhône)
  • Company registration number: 528 132 624
  • Headcount 27 employees
  • 2021 revenues: 10 M€
  • Deadline for submitting bids: 26/09/2022

Agosac Construction

Main features:

  • Business: Construction of individual houses (Conforeco).
  • Location: Landes : Headquarter and 4 offices –  Pyrénées Atlantiques : 3 offices
  • Company registration number: 800 575 581
  • Headcount 15 employees
  • 2021 revenues: 7,2 M€
  • Deadline for submitting bids: 16/08/2022

Uptime

Main features:

  • Business: Maintenance of a fleet of 1,050 machines (elevators and elevators) thanks to the development and marketing of a connected box based on artificial intelligence.
  • Location: Technical center : Argenteuil (95) – Headquarter: Paris (75)
  • Company registration number: 822 006 839
  • Headcount: 72 employees (including 25 for the historical maintenance activity, 38 for the PaaS activity, 9 for support services)
  • 2021 revenues: 3,46 M€
  • Deadline for submitting bids: 09/09/2022

Océan et bois

Main features:

  • Business: Building finishing (fencing – locksmithing – carpentry)
  • Location: La Rochelle (Charente-Maritime)
  • Company registration number: 410 939 037
  • Headcount: Less than 20 employees
  • 2021 revenues: 2,4 M€
  • Deadline for submitting bids: 27/09/2022

Media

Main features:

  • Business: 4 music magazine titles published monthly and quarterly + special issues + digital application + network of subscribers.
  • Location: Seine-Saint-Denis
  • Headcount 12 employees (including 4 freelancers)
  • 2021 revenues: 1,58 M€ – 2020 revenues: 1,53 M€ – 2019 revenues: 2,03 M€
  • Deadline for submitting bids: 05/09/2022

Robotic solutions

Main features:

  • Business: Supplier of customized robotic solutions, consulting, engineering, assembly, installation, after sales service.
  • Location: Loire Atlantique
  • Headcount 15-20 employees
  • 2021 revenues: 2,2 M€ – 2022 revenues: 2,4 M€ (+ 41 % in 3 years)
  • Deadline for submitting bids: 30/09/2022
service à la personne

Association ADEDOM 47

Main features:

  • Business: Personal assistance, from everyday activities to educational and social support.
  • Location: Villeneuve sur lot (Haute-Garonne) and its area (Pujols, Saint Sylvestre, Sainte Livarde, Saint Antoine, Castillonnes…)
  • Company registration number: 782 228 019
  • Headcount 103 employees
  • Deadline for submitting bids: 29/09/2022