News
Arnaud Pédron, Numa Rengot

Distressed acquisition opportunities – June 2021

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).

 

Anagram

Main features:

  • Business: Business of bulk wine trading (AOP, IGP and Vins de France). Clientele made up of bottlers and supermarket chains, France and international, diversified supply from cooperative and private wineries, 1 modern blending and storage site with approximately 80,000hl of vats, IFS and BRC certified, 2 vinification sites, 5 SCEA totalling 207 Ha of vineyards.
  • Location: Vaucluse
  • Headcount 16 employees
  • Company registration number: 803 105 204
  • Revenues 2020 : 10,7 M€ – Revenues 2019 : 8,3 M€
  • Deadline for submitting bids: 30/06/2021

Together Industry France

Main features:

  • Business: Leading aeronautical subcontractor, specialized in the assembly of complex aerostructures and in MRO.
  • Location: Marne
  • Headcount 109 employees
  • Company registration number: 530 866 177
  • 2020 revenues: 8,1 M€
  • Deadline for submitting bids: 25/06/2021

Siepel

Main features:

  • Business: The only French manufacturer of faraday cages, microwave absorbers and anechoic chambers.
  • Location: La Trinité-sur-Mer (Morbihan)
  • Effectif : 57 salariés
  • RCS : 334 899 333
  • 2020 revenues: 7,8 M€
  • Deadline for submitting bids: 25/06/2021

Printing of leaflets and catalogs for large-scale distribution

Main features:

  • Business: Printing of leaflets and catalogs for large-scale distribution.
  • Location: Bouches-du-Rhône
  • Headcount 35 employees
  • 2020 revenues: 7,6 M€
  • Deadline for submitting bids: 05/07/2021

Injection molding

Main features:

  • Business:  Specialized in plastic injection, metal work as well as the design and manufacture of moulds and stamping tools; design, assembly and marketing to professionals and wholesalers of access control, IP networks and electronic antennas; trading in electronic equipment for large DIY stores.
  • Location: Aube, Marne and Moselle
  • Headcount 104 employees
  • 2020 revenues: 6,9 M€
  • Deadline for submitting bids: 21/07/2021

Holiwatt

Main features:

  • Business: Energy storage and conversion solutions (onboard/ground) for the transport sector in France and abroad.
  • Location: Ecully (Rhône-Alpes)
  • Effectif : 46 salariés
  • RCS : 753 292 762
  • 2020 revenues: 6,6 M€ – 2019 revenues: 21,6 M€
  • Deadline for submitting bids: 28/06/2021

Repair, renovation and modernization of elevators

Main features:

  • Business:  Repair, renovation and modernization of elevators.
  • Location: Bonneuil-sur-Marne (94)
  • Headcount 53 employees
  • 2020 revenues: 5,5 M€ – 2019 revenues: 21,9 M€
  • Deadline for submitting bids: 13/07/2021

Express freight

Main features:

  • Business:  Express freight service and operator – Sorting and preparation of fast moving packages for delivery by distribution operators.
  • Location: Région parisienne
  • Effectif : 188 salariés
  • 2020 revenues: 5,3 M€ – 2019 revenues: 6,2 M€
  • Deadline for submitting bids: 09/07/2021

Ferme de la vieille abbaye

Main features:

  • Business: Breeding of Prim Holstein cows and production and sale of milk (4 million liters / year).
  • Location:Barbery (Calvados)
  • Headcount 188 employees
  • 2020 revenues: 5,3 M€ – 2020 revenues: 6,2 M€
  • Deadline for submitting bids: 09/07/2021

4 star hotel establishment – Mallemort

Main features:

  • Business: 4 star hotel establishment (100 rooms) with a restaurant (140 seats).
  • Location: Mallemort (Bouches-du-Rhône)
  • Effectif : 28 salariés
  • 2020 revenues: 3,5 M€
  • Deadline for submitting bids: 28/06/2021

Manufacturing of high precision mechanical parts

Main features:

  • Business: Manufacture of high precision mechanical parts for major industrial names in the aeronautical and automotive sectors.
  • Location: Evry (91) & Busloup (41)
  • RCS : Global Technologies Industries : 840 094 213 –
    Sotem 3S : 453 000 036 – Deep Grinding Technologies : 843 547 985
  • Headcount: Global Technologies Industries : 8 employees –
    Sotem 3S : 8 employees – Deep Grinding Technologies : 9 employees
  • 2020 revenues: Global Technologies Industries : 150 K€ –
    Sotem 3S : 1,892 M€ – Deep Grinding Technologies : 1,114 M€
  • Deadline for submitting bids: 01/07/2021

Maintenance techniques nouvelles

Main features:

  • Business:  Study, manufacture, installation and maintenance of equipment.
  • Location: Les Essarts-le-Roi (Yvelines)
  • RCS : 325 185 858
  • Headcount 24 employees
  • 2020 revenues: 2,4 M€ – 2019 revenues: 3,1 M€
  • Deadline for submitting bids: 28/06/2021

Commercial property sale cabinet making, joinery, fitting out

Main features:

  • Business: Commercial property sale cabinet making, joinery, fitting out.
  • Headcount 24 employees
  • 2020 revenues: 1,99 M€
  • Deadline for submitting bids: 21/06/21

Commercial property sale of insulation, plasterboard, plaster, painting, carpentry, layout

Main features:

  • Business:  Commercial property sale of insulation, plasterboard, plaster, painting, carpentry, layout.
  • Location: Ardennes
  • Headcount 12 employees
  • 2019 revenues: 1,3 M€

routage reprise

Alliance Routage

Main features:

  • Business:  Inserting and routing company for printed documents.
  • Location: Seine-et-Marne
  • RCS : 449 267 848
  • Headcount 21 employees
  • 2020 revenues: 1,28 M€
  • Deadline for submitting bids: 28/06/2021

C2IM – VAM

Main features:

  • Business:  Specialized in the manufacture of scallop fishing equipment, in naval forging and in metalwork.
  • Location: Port en Bessin Huppain (Calvados)
  • RCS : 432 622 116
  • Headcount 10 employees
  • 2020 revenues C2IM : 1,192 M€ – 2020 revenues VAM : 195 K€
  • Deadline for submitting bids: 09/07/2021

service à la personne

ASP 83

Main features:

  • Business:  Personal assistance and home help services.
  • RCS : 491 440 822
  • Location: Toulon (Var)
  • Headcount 61 employees
  • 2020 revenues: 1 M€
  • Deadline for submitting bids: 28/06/2021

BBA Reman

Main features:

  • Business:  Computer repair, electronics, reconditioning of automotive parts and spares, automotive diagnostic equipment and all related operations.
  • RCS : 508 151 388
  • Location: Marseille (Bouches-du-Rhône)
  • Headcount 8 employees
  • 2017 revenues: 970 K€
  • Deadline for submitting bids: 30/06/2021

David Pallas

Main features:

  • Business:  Manufacture, import, operation, purchase and sale, wholesale and retail, of ready-to-wear clothing for men, women and children.
  • RCS : 311 110 886
  • Location: Paris
  • Headcount 5 employees
  • 2020 revenues: 798 K€
  • Deadline for submitting bids: 11/06/2021

Sale of bedding and furnishings

Main features:

  • Business:  Sale of bedding and furnishings.
  • Location: Paris area
  • Headcount 3 employees
  • 2020 revenues: 779 K€
  • Deadline for submitting bids: 25/06/2021

Buffalo Grill – Sallanches

Main features:

  • Business:  Buffalo Grill Restaurant.
  • RCS : 802 220 301
  • Location: Sallanches (Haute-Savoie)
  • Headcount 8 employees
  • 2019 revenues: 715 K€ – 2018 revenues: 1,05 M€
  • Deadline for submitting bids: 08/07/2021

3 star hotel establishment – Orange

Main features:

  • Business: 3* hotel establishment (58 rooms) with restaurant (90 seats).
  • Location: Orange (Vaucluse)
  • Headcount 9 employees
  • 2020 revenues: 549 K€ – 2019 revenues: 1,25 M€
  • Deadline for submitting bids: 28/06/2021

Start-up BtoB

Main features:

  • Business: Start-up having developed and operating a web application for booking B-to-B freight services.
  • Location: Provence-Alpes-Côte d’Azur
  • Headcount 2 employees
  • 2020 revenues: 410 K€ – 2019 revenues (18 months) : 461 K€
  • DLDO : 07/06/2021

Digital Avatarization

Main features:

  • Business: Mass digital avatarization of person or object – B2B/C2C commercial applications in the retail, sport & fitness, gaming and medical sectors – Full development of software (avatarization software) and hardware (high definition and basic booth).
  • Headcount 6 employees
  • 2019 revenues: 404 K€
  • Deadline for submitting bids: 02/07/2021

Beauty Success – Châtillon

Main features:

  • Business: Sale of perfumery, beauty and care products.
  • Headcount 2 employees
  • Location: Châtillon (Hauts-de-Seine)
  • 2020 revenues: 236 K€ – 2019 revenues: 307 K€
  • DLDO : 07/07/2021

Development and marketing of connected sensors

Main features:

  • Business: Development and marketing of connected sensors allowing, in particular, the precise measurement of fuel levels in the tanks of agricultural, construction or transport vehicles.
  • Location: Loiret
  • Headcount 7 employees
  • 2020 revenues: 10,1 K€
  • Deadline for submitting bids: 02/07/2021

Expert studio in the development of innovative digital solutions

Main features:

  • Business:  Studio expert in the development of innovative digital solutions (virtual and augmented reality and web applications).
  • Location: Paris
  • Headcount 5 employees
  • 2020 revenues: 31,4 K€ – 2019 revenues: 304 K€ – 2018 revenues: 208 K€
  • Deadline for submitting bids: 30/06/2021