News
Arnaud Pédron, Numa Rengot

Distressed acquisition opportunities – February 2024

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).

Courier and freight forwarding

Main features:

  • Business: Transport: courier and freight forwarding services
  • Location: Bourbon-L’Archambault (Allier)
  • 2023 revenues: 53 M€ – 2022 revenues: 57 M€ – Filiale : 7 M€
  • Headcount more than 900 employees per year
  • Deadline for submitting bids: 29/02/2024

Menuiserie

Property development

Main features:

  • Business: Property development (acquisition, creation, ownership and management of all property-related holdings) – Relates solely to a hotel property programme.
  • Headcount 0 employee
  • 2022 revenues: 21,7 M€
  • Deadline for submitting bids: 04/03/2024

Flabeg France

Main features:

  • Business: Mirror glass (shaping and processing of flat glass, vacuum deposition of thin layers, mainly for the automotive and cosmetics industries)
  • Location: Sarrewerden (Bas-Rhin)
  • Company registration number: 676 680 408
  • 2023 revenues: 15,6 M€
  • Headcount 118 employees
  • Deadline for submitting bids: 27/02/2024

Lamarque Sogy Bois

Main features:

  • Business: Logging, sawmilling and planing (maritime pine), trading (exclusive distribution of rare woods), manufacture and marketing of parquet flooring, panelling, deck boards, mouldings, etc.
  • Location: Ygos-Saint-Saturnin (Landes)
  • Company registration number: 895 750 107
  • 2022 revenues: 12,1 M€
  • Headcount 78 employees
  • Deadline for submitting bids: 26/02/2024

Polyclinique de la Manche

Main features:

  • Business: Follow-up and rehabilitation care, in-house pharmacy, consultations – specialising in urology, visceral surgery, anaesthesia, orthopaedics, ophthalmology
  • Location: Saint Lô (Manche)
  • Company registration number: 906 180 047
  • 2023 revenues: 8,7 M€ – 2022 revenues: 9,4 M€
  • Headcount 103 employees
  • Deadline for submitting bids: 04/03/2024

Holiday resorts

Main features:

  • Business: Management and operation of two holiday villages
  • Location: Corse
  • 2022 revenues: 8,5 M€ – 2021 revenues: 6,2 M€ – 2020 revenues: 4,5 M€
  • Headcount 10 employees
  • Deadline for submitting bids: 12/02/2024

Call centres

Main features:

  • Business: Group of companies specialising in call centres and telephone research
  • Location: Ile-de-France et Nouvelle Aquitaine
  • 2022 revenues: 7,3 M€ – 2021 revenues: 4,8 M€
  • Headcount 200 employees
  • Deadline for submitting bids: 26/02/2024

Maison Coudeyrat

Main features:

  • Business: Manufacture, processing, packaging and sale of charcuterie products
  • Location: Périgord
  • Company registration number: 311 547 111
  • 2022 revenues: 6 M€
  • Headcount 28 employees
  • Deadline for submitting bids: 28/02/2024

Clinique du Dr Henri Guillard

Main features:

  • Business: Surgery (orthopaedics and traumatology, plastic, aesthetic and reconstructive surgery, ophthalmology, rheumatology, visceral and digestive surgery excluding carcinology, urology)
  • Location: Coutances (Manche)
  • Company registration number: 946 520 079
  • 2023 revenues: 5,8 M€ – 2022 revenues: 5,3 M€
  • Headcount 60 employees
  • Deadline for submitting bids: 04/03/2024

Foreign language teaching

Main features:

  • Business: Modern language teaching and intercultural training
  • Location: Ile-de-France
  • 2023 revenues: 5,7 M€
  • Headcount 132 employees
  • Deadline for submitting bids: 23/02/2024

Consulting and integration of IT solutions

Main features:

  • Business: An expert in consulting and the integration of IT solutions in the content management market, this ESN is also an IT software publisher.
  • Location: Hauts-de-Seine
  • 2022 revenues: 5 M€
  • Headcount 41 employees
  • Deadline for submitting bids: 23/02/2024

Maisons dans les arbres – Nid perché

Main features:

  • Business: A company specialising in the creation of unusual wooden accommodation, particularly cabins of all kinds (perched, on stilts, floating, etc.)
  • Location: Beaumontois-en-Périgord (Dordogne)
  • Company registration number: 509 334 967
  • 2022 revenues: 4,8 M€
  • Headcount 33 employees
  • Deadline for submitting bids: 20/02/2024

Team Partners

Main features:

  • Business: Building engineering – HVAC – Construction economics – Structural engineering – Urban engineering – Electrical engineering – Environmental engineering
  • Location: Lyon (Rhône)
  • Company registration number: 451 587 562
  • 2022 revenues: 4,2 M€ –  2021 revenues: 6,3 M€ – 2020 revenues: 9,3 M€
  • Headcount 34 employees
  • Deadline for submitting bids: 14/03/2024

SAS Régis Vaute

Main features:

  • Business: Cereals trading
  • Location: Bedarrides (Vaucluse)
  • Company registration number: 712 621 416
  • 2022 revenues: 3,9 M€ – 2021 revenues: 2,7 M€ – 2020 revenues: 3,1 M€
  • Headcount 5 employees
  • Deadline for submitting bids: 29/02/2024