News
13.01.2022Arnaud Pédron, Numa Rengot

Distressed acquisition opportunities – January 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).

 

Les ateliers réunis – Caddie

Main features:

  • Business: Manufacture of shopping carts.
  • Company registration number: 804 532 646
  • Location: Dettwiller (Bas-Rhin)
  • Headcount 141 employees
  • 2020 revenues: 15,4 M€
  • Deadline for submitting bids: 15/02/2022

Eupec Pipecoatings France

Main features:

  • Business: Coating of steel pipes and accessories for the onshore and offshore pipeline industry.
  • Company registration number: 339 858 219
  • Location: Grande Synthe (Hauts-de-France)
  • Headcount 61 employees
  • 2020 revenues: 10,67 M€ – 2021 revenues : 9,5 M€
  • Deadline for submitting bids: 31/01/2022

Roofing and zinc work

Main features:

  • Business: Roofing and zinc work, small carpentry, cladding, waterproofing and asbestos removal.
  • Location: Yonne
  • Headcount 35 employees
  • CA au 30/06/2021 (projet) : 8,3 M€ – CA au 30/06/2020 : 9 M€ REX de 548 K€
  • Deadline for submitting bids: 04/02/2022

Marketing of military equipment and uniforms

Main features:

  • Business: Marketing of military equipment and uniforms to state customers (Africa, Middle East, South America).
  • Headcount 9 employees
  • 2020 revenues: 7,8 M€
  • Deadline for submitting bids: 20/01/2022

Boilermaking, industrial locksmithing, metal constructions.

Main features:

  • Business: Boilermaking, industrial locksmithing, metal constructions.
  • Location: Orne
  • Headcount 29 employees
  • Revenues: 3,7 M€
  • Deadline for submitting bids: non renseignée

Delicatessen – Cured meats

Main features:

  • Business: Delicatessen – Cured meats
  • Location: Corrèze
  • Headcount 21 employees
  • 2022 revenues (projected) : 2,5 M€
  • Deadline for submitting bids: 02/02/2022

Laying of hard floors

Main features:

  • Business: Laying of hard floors.
  • Location: Lille area (Hauts-de-France)
  • Headcount 20 employees
  • 2020 revenues: 2,5 M€ – 2019 revenues: 1,98 M€
  • Deadline for submitting bids: 25/01/2022

VTC online booking platform

Main features:

  • Business: VTC online booking platform.
  • Headcount 9 employees
  • 2020 revenues: 1,4 M€
  • Deadline for submitting bids: 28/01/2022

Software publisher

Main features:

  • Business: Software editor specializing in the date in the banking / insurance sector with more particularly the development of an antivirus software ready to be implemented in particular with communities.
  • Headcount 7 employees
  • 2020 revenues: 1 M€
  • Deadline for submitting bids: 21/01/2022

General mechanics – Machining and turning

Main features:

  • Business: General mechanics – Turning machining (aeronautics, railways, nuclear and construction).
  • Location: Val d’Oise
  • Headcount 10 employees
  • 2020 revenues: 986 K€ – 2019 revenues: 2,76 M€
  • Deadline for submitting bids: 31/01/2022