News
30.06.2023Arnaud Pédron, Numa Rengot

Distressed acquisition opportunities – June 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).

Industrial production of charcuterie products

Main features:

  • Business: Industrial production of charcuterie products: lardons/ thin pasta/ sliced
  • Location : Lyon area
  • 2022 revenues: 55,5M€
  • Headcount 140 employees
  • Deadline for submitting bids: 20/07/2023

Les maisons rennaises

Main features:

  • Business: Company specialising in the construction of single-family homes
  • Location: Rennes (Ille-et-Vilaine)
  • Company registration number: 389 813 148
  • 2022 revenues: 25,9 M€
  • Headcount 31 employees
  • Deadline for submitting bids: 10/07/2023

Marsaudon Composites

Main features:

  • Business: Ship mould construction and repair company
  • Location: Lorient (Morbihan)
  • Company registration number: 422 732 867
  • 2022 revenues: 28,3 M€
  • Headcount 81 employees
  • Deadline for submitting bids: 17/07/2023

Moa

Main features:

  • Business: Retail sale of fashion jewellery, leather goods and hosiery and accessories
  • Location: A network of 42 shops in France, 28 franchises and 92 affiliated shops, some of which are located abroad.
  • Company registration number: 441 217 395
  • 2021 revenues: 23,2 M€ – 2020 revenues: 18,9 M€ – 2019 revenues: 26,5 M€
  • Headcount 181 employees
  • Deadline for submitting bids: 05/07/2023

Dify Group

Main features:

  • Business: Website development, BtoC logistics and on-demand textile printing business
  • Location: Chateaubourg (Ille-et-Vilaine)
  • Company registration number: 492 539 523
  • 2022 revenues: 14 M€
  • Headcount 29 employees
  • Deadline for submitting bids: 13/07/2023

Structural work company

Main features:

  • Business: Structural work company
  • Location: Ile-de-France
  • 2022 revenues: 12 M€
  • Headcount 19 employees
  • Deadline for submitting bids: 03/07/2023

Datavalue Consulting

Main features:

  • Business: A company specialising in IT consulting and integration, data exploitation, governance and enhancement. Invention on a fixed-price basis or by delegating staff to the customer
  • Location: Montrouge (Hauts-de-Seine)
  • Company registration number: 804 363 554
  • 2022 revenues: 10,3 M€ – 2021 revenues: 14,8 M€ – 2020 revenues: 11,7 M€
  • Headcount 86 employees
  • Deadline for submitting bids: 05/07/2023

Wholesale and semi-wholesale poultry details

Main features:

  • Business: Poultry wholesale and semi-wholesale retailing business, following the closure of the slaughtering business, although the company still has its own facilities.
  • Location: Biguglia (Corse)
  • 2022 revenues: 6 M€ – 2021 revenues: 8,1 M€ – 2020 revenues: 8,7 M€
  • Headcount 8 employees
  • Deadline for submitting bids: 05/09/2023

Food industry

Main features:

  • Business: Food industry – Company specialising in the production of sweet and savoury pastries for professional customers
  • Location: Seine-Saint-Denis
  • 2022-2023 revenues: 3,1 M€
  • Headcount 51 employees
  • Deadline for submitting bids: 31/07/2023

Espace Euro Services

Main features:

  • Business: Upkeep and maintenance of taps and fittings in building complexes
  • Location: Emerainville (Seine-et-Marne)
  • Company registration number: 350 669 925
  • 2022 revenues: 3,1 M€
  • Headcount 45 employees

Baies Alu

Main features:

  • Business: Company specialising in the design, manufacture and installation of aluminium joinery
  • Location: Pontivy (Morbihan)
  • Company registration number: 482 492 618
  • 2022 revenues: 2,6 M€
  • Headcount 18 employees
  • Deadline for submitting bids: 17/07/2023

Optician and audioprosthesist

Main features:

  • Business: Optician and audioprosthesist
  • Location: 4 businesses in the Paris region (La Défense, Vélizy, Parly II and Rosny)
  • 2022 revenues: 2 M€
  • Headcount 22 employees
  • Deadline for submitting bids: 18/07/2023

Food industry

Main features:

  • Business:Food industry – Industrial production and delivery of baked bread
  • Location: Rhône-Alpes
  • 2022 revenues: 1 M€ – 2021 revenues: 971 K€ – 2020 revenues: 867 K€
  • Headcount 11 employees
  • Deadline for submitting bids: 07/07/2023