News
08.03.2023Arnaud Pédron, Numa Rengot

Distressed acquisition opportunities – March 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).

 

André

Main features:

  • Business: Company operating a shoe buying and selling activity under the “André” brand through 51 stores, 11 affiliates and 20 corners in mainland France.
  • Headcount 280 employees
  • 2021 revenues: 35,5 M€
  • Deadline for submitting bids: 22/03/2023

SAS Wilsam – Brand GAP

Main features:

  • Business: Sale of clothing and articles of clothing to the person under the brand GAP.
  • Location: Network of 15 stores located in the Paris region, 5 outside the Paris area and 2 Galeries Lafayette corners located in the Paris region and 24 outside the Paris area.
  • Headcount 365 employees
  • 2022 revenues: 33,1 M €
  • Deadline for submitting bids: 20/03/2023

Manufacture of parts

Main features:

  • Business: Company specialized in the manufacture of parts or assemblies for the automotive, aeronautical, railway, expenditure and agro-food sectors.
  • Location: Nouvelle Aquitaine
  • Headcount 108 employees
  • 2021 revenues: 17 M€
  • Deadline for submitting bids: 13/03/2023
service à la personne

Home services

Main features:

  • Business: Home services.
  • Location: Loire
  • Headcount beteween 250 and 499 employees
  • 2022 revenues: beteween 3 and 10 M€
  • Deadline for submitting bids: 31/03/2023

SAS Messagerie oyonnaxienne

Main features:

  • Business: Transport of lots and half-lots / logistics.
  • Location: Veyziat et Bellignat (Ain)
  • Company registration number: 377 744 420
  • Headcount 27 employees
  • 2022 revenues: 5,3 M€
  • Deadline for submitting bids: 31/03/2023

GRTP

Main features:

  • Business: Construction and maintenance of urban electrical networks, trenching, laying of cables and conduits.
  • Location: Val de Reuil
  • Company registration number: 332 774 173
  • Headcount 24 employees
  • 2022 revenues: 3,3 M€
  • Deadline for submitting bids: 30/03/2023

Asbestos diagnostics, air and material sampling, analysis laboratory

Main features:

  • Business: Asbestos diagnostics, air and material sampling, analysis laboratory.
  • Location: Proche de Rouen
  • Headcount 32 employees
  • 2021 revenues: 2,6 M€
  • Deadline for submitting bids: 05/04/2023

Sonoter TP

Main features:

  • Business: Public works, fiber optic installations, sanitation and water.
  • Location: Evreux (Eure)
  • Company registration number: 332 565 498
  • Headcount 16 employees
  • 2022 revenues: 2,2 M€
  • Deadline for submitting bids: 31/03/2023

Real estate agencies

Main features:

  • Business: 11 real estate agencies located in the Paris region (5 franchisees outside the perimeter) operating under a common brand created 30 years ago.
  • Location: Paris et Hauts-de-Seine
  • Headcount 17 employees
  • 2022 revenues: 2 M€
  • Deadline for submitting bids: 20/03/2023

Raub Lannion Miroiterie

Main features:

  • Business: Company specialized in the production, trade and installation of glass products and aluminum and PVC joinery.
  • Location: Lannion (Côtes d’Armor)
  • Company registration number: 443 367 487
  • Headcount 16 employees
  • 2022 revenues: 1,9 M€
  • Deadline for submitting bids: 20/03/2023

8-screen multiplex cinema

Main features:

  • Business: 8-screen multiplex cinema with 1,606 seats (4,300 m2 of floor space on two levels), Pince Vent mall center.
  • Location: Créteil (Val-de-Marne)
  • Headcount 7 employees
  • 2022 revenues: 1,3 M€
  • Deadline for submitting bids: 07/04/2023

Raub Lannion Peinture

Main features:

  • Business: Company specialized in construction and renovation work (painting, restoration, floors).
  • Location: Lannion (Côtes d’Armor)
  • Company registration number: 443 366 638
  • Headcount 13 employees
  • 2022 revenues: 1,2 M€
  • Deadline for submitting bids: 20/03/2023

Manufacture of wooden packaging

Main features:

  • Business: Company specialized in the manufacture of wooden packaging.
  • Location: Bourgogne Franche-Comté
  • Headcount 7 employees
  • 2021 revenues: 1,2 M€
  • Deadline for submitting bids: 07/04/2023

Multi-species slaughter and meat cutting

Main features:

  • Business: Multi-species slaughter and meat cutting.
  • Location: Cher
  • Headcount 18 employees
  • 2021 revenues: 1,2 M€
  • Deadline for submitting bids: 13/03/2023