News
18.01.2023Arnaud Pédron, Numa Rengot

Distressed acquisition opportunities – January 2023

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).

City GC Hervé & City GC

Main features:

  • Business: General building company, including structural work, rehabilitation and group operations (Asnières, Bagnolet). Projects of all trades. Realization of housing, shops, school groups and various works (police station, SPA).
  • Location: Versailles (Yvelines) and Lille (Nord)
  • Company registration number: City GC Hervé : 888 084 340 – City GC : 844 897 165
  • Headcount: City GC Hervé : 101 employees- City GC : 18 employees
  • 2021 revenues: City GC Hervé : 76 M€ – City GC : 43 M€
  • Deadline for submitting bids: 13/02/2023

Holophane

Main features:

  • Business: A century-old industrial glassworks, holding a prefectoral operating permit since 2016 for an indefinite period in compliance with European directives, for the operation of 3 glass furnaces for a total authorized volume of 215 t/d, delivering more than 90% internationally in the automotive, water meter covers, optical lenses for construction sites, solar optics and special glassware sectors, with recognized glassmaking know-how and a high-capacity industrial tool for the production of pressed glass. World leader in the manufacture of fog lamps and number two in the manufacture of lenses for automotive lighting.
  • Location: Les Andelys (Eure)
  • Company registration number: 402 929 129
  • Headcount 230 employees
  • 2021 revenues: 25,5 M€ – 2022 estimated revenues: 29,5 M€
  • Deadline for submitting bids: 28/02/2023

Exclusive design and manufacturing of automotive and industrial gas springs

Main features:

  • Business: Exclusive design and manufacturing of automotive and industrial gas springs.
  • Location: Bourgogne Franche-Comté
  • Headcount 105 employees and 30 temporary workers
  • 2022 revenues: 14,7 M€
  • Deadline for submitting bids: 10/02/2023

PRP Création

Main features:

  • Business: Plastics processing – manufacturing of packaging for the cosmetics market.
  • Location: Oyonnax (Ain)
  • Company registration number: 304 249 352
  • Headcount 130 employees
  • 2021 revenues: 12,5 M€
  • Deadline for submitting bids: 16/02/2023

Printing consumables

Main features:

  • Business: Manufacturing and marketing of inks, varnishes, fountain additives, silicone and other printing consumables.
  • Location: Hauts-de-France
  • Headcount 49 employees
  • 2022 revenues: 7,2 M€
  • Deadline for submitting bids: 17/02/2023

Graph 2000 – Sérigraphie Benoit

Main features:

  • Business: Large and small format digital and offset printing. Screen printing and reprography.
  • Location: Argentan (Orne), Bernay (Eure), Cosne-sur-Loire (Nièvre) and Gennevilliers (Hauts-de-Seine)
  • Company registration number: 523 216 836 – 411 014 004 – 789 494 481
  • Headcount 56 employees
  • 2021 revenues: 6,4 M€
  • Deadline for submitting bids: 25/01/2023

Industrial maintenances

Main features:

  • Business: Industrial maintenance, new works, industrial transfers. Intervention in the trades of mechanics, electromechanics, boiler making, welding and piping. Industrial roofing and cladding work.
  • Location: Imphy (Nièvre)
  • Headcount 72 employees
  • 2021 revenues: 5,7 M€
  • Deadline for submitting bids: 16/02/2023

Garden center

Main features:

  • Business: Independent garden center of 5 000 m2.
  • Location: Aube
  • Headcount 12 employees
  • 2021 revenues: 1,9 M€
  • Deadline for submitting bids: 30/01/2023

Signs

Main features:

  • Business: Design, manufacture, sale and installation of signs. signalétique – Impression grand format.
  • Location: Lyon (Rhône)
  • Headcount 14 employees
  • 2022 revenues: 1,8 M€
  • Deadline for submitting bids: 22/02/2023

Hotel-Restaurant with 80 rooms

Main features:

  • Business: Hotel-Restaurant with 80 rooms, suites and restaurant of 120 places, bar, seminar or event space of 800m2, Spa, underground parking.
  • Location: Maintenon (Eure)
  • Headcount 32 employees
  • 2021 revenues: 1,5 M€
  • Deadline for submitting bids: 17/02/2023

Kitchen sales

Main features:

  • Business: Company specialized in kitchen sales.
  • Location: Paris XVème
  • Headcount 4 employees
  • 2022 revenues: 1,4 M€
  • Deadline for submitting bids: 06/02/2023

Communication consulting and strategy

Main features:

  • Business: Consulting and strategy in the following areas: Communication by all means (internet, video, events), creation and realization of graphic works, prepress and printing.
  • Location: Gentilly (Val-de-Marne)
  • Headcount 11 employees
  • 2021 revenues: 1,2 M€
  • Deadline for submitting bids: 09/02/2023

Commercial leasex

Main features:

  • Business: 84 apartments and common areas corresponding to 84 commercial leases.
  • Location: Mérignac (Gironde)
  • Headcount 17 employees
  • 2022 revenues: 1,1 M€
  • Deadline for submitting bids: 10/02/2023

Wesk

Main features:

  • Business: Free Floating Car Sharing Operator.
  • Location: Marseille, Nice, Strasbourg and Lyon
  • Company registration number: 891 961 674
  • Headcount 28 employees
  • 2022 revenues: 80 K€
  • Deadline for submitting bids: 13/02/2023