News
25.05.2022Arnaud Pédron, Numa Rengot

Distressed acquisition opportunities – May 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).

 

Design, manufacture and marketing of computer and electronic equipment

Main features:

  • Business: Design, manufacture and marketing of computer and electronic equipment.
  • Location: South of France
  • Headcount 77 employees
  • 2021 revenues: 85,22 M€ – 2020 revenues: 87,74 M€
  • Deadline for submitting bid: 30/05/2022

Stein Energy

Main features:

  • Business: French manufacturer of industrial boilers.
  • Location: Rueil Malmaison / Cernay / Thonon les Bains
  • Company registration number: Air industrie thermique : 410 112 296 – Stein Energy : 811 879 501 – Stein Energie Investissement : 452 713 738 – Brown Fintube France : 796 680 023
  • Headcount: Air industrie thermique : 66 employees- Stein Energy : 92 employees – Stein Energie Investissement : 1 employee – Brown Fintube France : 37 employees
  • Air industrie thermique : 2020 revenues: 20,93 M€ – 2021 revenues: 22,53 M€
    Stein Energy :  2020 revenues: 20,5 M€ – 2021 revenues: 21 M€
    Stein Energie Investissement : 2020 revenues: 705 K€ – 2021 revenues: 723 K€
    Brown Fintube France : 2020 revenues: 9,72 M€ – 2021 revenues: 8,24 M€
  • Deadline for submitting bid: 07/06/2022

Design, manufacture and marketing of computer and electronic equipment

Main features:

  • Business: The development and marketing of digital data reception systems and, more generally, all service operations related to information processing and distribution systems and electronic systems.
  • Location: South of France
  • Headcount 31 employees
  • 2020 revenues: 22,62 M€ – 2021 revenues: 27,99 M€
  • Deadline for submitting bid: 30/05/2022

Chips Sibell – Group Manon

Main features:

  • Business: Factory of manufacture, conditioning, distribution and food trade specialized in chips and snacks.
  • Location: Aubagne (Bouches-du-Rhône)
  • Company registration number: 850 959 586
  • Headcount 149 employees
  • 2021 revenues: 24 M€
  • Deadline for submitting bid: 10/06/2022

Artrome’mat

Main features:

  • Business: Seafood processing.
  • Location: Boulogne-sur-Mer (Pas-de-Calais)
  • Company registration number: 804 351 500
  • Headcount 32 employees
  • 2020 revenues: 13,8 M€
  • Deadline for submitting bid: 31/05/2022

Minoterie Trottin

Main features:

  • Location: Yvré-l’Evêque (Sarthe)
  • Company registration number: 404 429 433
  • Headcount 22 employees
  • 2020 revenues: 7,77 M€
  • Deadline for submitting bid: 15/06/2022

Opheli

Main features:

  • Business: Taken over by the OPHS group in 2018. Specialized in personal services (home help, transportation assistance, meal delivery, gardening/do-it-yourself work) under the Opheli brand.
  • Location: Compiègne / Senlis / Nogent-sur-Oise
  • Company registration number: 804 351 500
  • Headcount 133 employees
  • 2021 revenues: 3,17 M€
  • Deadline for submitting bid: 10/06/2022

E-commerce

Main features:

  • Business: Start up operating a specialized e-commerce website.
  • Headcount 11 employees
  • 2021 revenues: 2,65 M€ – 2020 revenues: 5 M€ – 2019 revenues: 13,78 M€
  • Deadline for submitting bid: 17/06/2022

Road transport

Main features:

  • Business: Local road transport, express delivery, fast parcel delivery.
  • Location: Alpes de Haute Provence and neighbouring departments
  • Headcount 29 employees
  • 2020 revenues: 1,67 M€
  • Deadline for submitting bid: 30/05/2022

Processing and conservation of marine products

Main features:

  • Business: Processing and conservation of marine products.
  • Location: Boulogne-sur-Mer (Pas-de-Calais)
  • Headcount 11 employees
  • 2020 revenues (16 months) : 1 M€
  • Deadline for submitting bid: 31/05/2022

Security – Guarding

Main features:

  • Business: Activity of protection of goods and persons, guarding, fire safety, video surveillance, intervention on alarms, events.
  • Location: Ajaccio (Corse)
  • Headcount 24 employees
  • 2020 revenues: 488 K€ – 2019 revenues: 183 K€
  • Deadline for submitting bid: 20/05/2022