News
21.06.2022Arnaud Pédron, Numa Rengot

Distressed acquisition opportunities – June 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).

 

BCI Group

Main features:

  • Business: Global player in energy renovation. 3 poles: insulation, energy and renovation – Supply and installation of thermal and acoustic insulation, PVC or aluminum joinery, heating systems, facade renovation and roofing renovation.
  • Location: Beynost (Ain)
  • Company registration number: BCI : 540 083 151 – BCI Renov : 821 032 562 – BCI Services : 894 624 774 – BCI Energie : 514 714 120 – Chauffage MB : 885 215 053 – BAI : 848 557 641
  • Headcount 41 employees
  • 2020 revenues: 19,4 M€
  • Deadline for submitting bids: 05/07/2022

Transport– Logistics – Urban distribution

Main features:

  • Business: Leader in the field of transport, logistics and urban distribution.
  • Headcount 130 employees
  • 2019 revenues: 18,2 M€ – 2020 revenues: 14,7 M€ – 2021 revenues: 14,1 M€
  • Deadline for submitting bids: 13/07/2022

General construction company

Main features:

  • Business: General building company specialized in the rehabilitation of buildings and maintenance work (structural work and finishing work).
  • Location: Montrouge (Hauts-de-Seine)
  • Headcount: Holding : 6 salariés – Filiale : 54 salariés
  • 2021 revenues 18 months (holding) : 316 K€ – 2019 revenues (holding) : 356 K€ – 2018 revenues (holding) : 386,7 K€
    2021 revenues 18 months (subsidiary) : 7,25 M€ – 2019 revenues (subsidiary) : 9,88 M€ – 2018 revenues (subsidiary) : 9,47 M€
  • Deadline for submitting bids: 15/06/2022

My Jolie Candle

Main features:

  • Business: Online and in-store sales of scented candles with jewelry.
  • Location: Stores in Paris, Nantes, Toulouse; Bordeaux, Lille, Lyon, Annecy
  • Company registration number: 798 097 598
  • Headcount 33 employees
  • 2021 revenues: 6,4 M€
  • Deadline for submitting bids: 24/06/2022

Lorentz Group

Main features:

  • Business: Machining and precision mechanics, manufacturing of molds and prototypes.
  • Location: Seine-et-Marne
  • Company registration number: 394 808 828
  • Headcount 74 employees
  • 2021 revenues: 5,9 M€
  • Deadline for submitting bids: 24/06/2022

Arcalia

Main features:

  • Business: Manufacture, supply, installation of joinery or works in aluminium or metal.
  • Location: Les Sorinières (Loire-Atlantique)
  • Company registration number: 801 936 303
  • Headcount 21 employees
  • 2021 revenues: 4,5 M€
  • Deadline for submitting bids: 24/06/2022

Darco

Main features:

  • Business: Design and manufacture of floating ball valves and shafts for the transfer of industrial fluids, intended for demanding applications such as the oil and gas industry, chemicals, parachemistry.
  • Location: Morlaas (Pyrénées-Atlantiques)
  • Company registration number: 401 524 400
  • Headcount 38 employees
  • 2019 revenues: 4,1 M€ – 2020 revenues: 4,2 M€ – 2021 revenues: 2,2 M€
  • Deadline for submitting bids: 29/06/2022

Bio Goujard

Main features:

  • Business: Environmental and industrial analysis laboratory in the field of microbiology, physical chemistry and materials analysis.
  • Location: Paris
  • Company registration number: 343 588 091
  • Headcount 24 employees
  • 2021 revenues: 2,24 M€
  • Deadline for submitting bids: 30/06/2022

Ayonis

Main features:

  • Business: Design and production of dimensional metrology equipment.
  • Location: Louviers (Eure)
  • Company registration number: 509 823 746
  • Headcount 20 employees
  • 2021 revenues: 1,6 M€
  • Deadline for submitting bids: 20/06/2022

Center TEDyBEAR

Main features:

  • Business: Childcare of autistic children with a view to their reintegration into the school system (capacity: 60 children full time).
  • Location: Saint-Cloud et Paris
  • Company registration number: 752 760 579
  • Headcount 17 employees
  • Revenues: around 1 M€
  • Deadline for submitting bids: 27/06/2022

Italie : Fabrication de robinets et vannes de grande taille

Main features:

  • Business: An in bonis company wishes to sell its gate, globe and check isolation valves and ball valve manufacturing business – Recognized know-how in machining, welding, assembling, testing, materials management, mechanical engineering, electrical maintenance, QSE, laboratory, warehousing…
  • Location: Milano area
  • Headcount 80 employees
  • Possibility of financial grants at the national or regional level under certain conditions