Distressed acquisition opportunities – November 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).

		Place du marché Main features: Business: Leader in home delivery of food shopping (frozen, fresh, groceries). Sales by phone and online. Location: Civrieux d’Azergues (Rhône) Company registration number: 880 162 151 Headcount 1598 employees 2022 revenues: 164,5 M€ Deadline for submitting bids : 13/12/2022
		Industrial glassware Main features: Business: Industrial glassware supplying the automotive sector, water meter covers, optical lenses for construction sites, solar lenses and special glassware. Location: Eure Headcount 240 employees 2021 revenues: 25,5 M€ Deadline for submitting bids: 12/12/2022
		Eismann France Main features: Business: Sales and home delivery under the Eismann franchise agreement of mainly frozen food products. Location: Saint Jean du Cardonnay (Seine-Maritime) Company registration number: 880 167 630 Headcount 211 employees 2022 revenues: 24,5 M€ Deadline for submitting bids: 13/12/2022
		Design and manufacture of electromagnetic retarders Main features: Business: Design and manufacture of electromagnetic retarders for industrial vehicles and public transport. Location: Siège : Val d’Oise – Filiales et succursales : France & International Headcount 100 employees 2021 revenues: 22 M€ Deadline for submitting bids: 02/12/2022
		SAS Synthexim Main features: Business: Manufacture of basic organic chemicals. Location: Calais (Pas-de-Calais) Company registration number: 414 4429 96 Headcount 121 employees 2022 revenues (6 months) : 8 M€ – 2021 revenues: 13,47 M€ Deadline for submitting bids: 15/12/2022
		Touparlog Main features: Business: Transport and logistics services (Groupe Place du Marché). Location: Civrieux d’Azergues(Rhône) Company registration number: 880 162 805 Headcount 39 employees 2022 revenues: 10,1 M€ Deadline for submitting bids: 13/12/2022
		Primar France Group Main features: Business: Primar France: Import-export of fruits and vegetables. SAS PM : Warehousing, logistics and handling. Location: Perpignan (Pyrénées Orientales) Company registration number: 399 103 498 Headcount : Primar France : 7 employees – SAS PM : 8 employees 2022 revenues : Primar France : 9,4 M€ – 2021 revenues: Primar France : 9,7 M€ – SAS PM : 267 K€ Deadline for submitting bids: 09/12/2022
		Antesite & Noirot Main features: Business: Manufacture, purchase and sale of beverages, in particular liquorice ultraconcentrates and plant concentrates under the Antesite & Noirot brands. Extraction services. Location: Coublevie (Isère) Company registration number: 377 716 170 Headcount 26 employees 2022 revenues: 6,4 M€ Deadline for submitting bids: 15/12/2022
		Women’s ready-to-wear brand Main features: Business: Women’s ready-to-wear brand, creation and sale of women’s clothing and accessories. Headcount 25 employees 2022 revenues: 5,7 M€ Deadline for submitting bids: 30/11/2022
		Aluminium carpentry and metalwork Main features: Business: Design office, manufacture and installation of aluminum joinery and metalwork. Location: Occitanie et Rhône-Alpes Headcount: Less than 50 employees 2021 revenues: 3 M€ Deadline for submitting bids: 30/11/2022
		Boilermaking and industrial sheet metal work Main features: Business: Boilermaking and industrial sheet metal work: manufacture of parts for large monobloc industrial silos and heat exchangers for nuclear power plants. Location: Headquarters: Seine-Saint-Denis – Facility: Eure-et-Loir Headcount 28 employees 2022 revenues: 2,2 M€ – 2021 revenues: 1,6 M€ Deadline for submitting bids: 21/11/2022
		Moving floors for pools Main features: Business: Marketing, distribution, import, export of movable floors for swimming pools, as well as all materials, products, accessories including connected ones. Location : Aix-en-Provence (Bouches-du-Rhône) Headcount 17 employees 2021 revenues: 1,7 M€ Deadline for submitting bids: 02/12/2022
		Manufacturing by rotomolding Main features: Business: Manufacture by rotational molding, assembly and finishing of plastic parts, as a subcontractor for clients operating in various markets: environment, industrial equipment, sanitation, etc. Location: Puy-de-Dôme Headcount 15 employees 2022 revenues: 1,4 M€ – 2021 revenues: 1,6 M€ Deadline for submitting bids: 02/12/2022
		Biotechnology research and development Main features: Business: Biotechnology research and development. Location: Marseille (Bouches-du-Rhône) Headcount 9 employees 2021 revenues: 1,4 M€ – 2020 revenues: 2,5 M€ Deadline for submitting bids: 21/11/2022
		Industrial maintenance Main features: Business: Industrial maintenance: preparation of machines and mechanical equipment, in the sectors of boiler making, mechanical welding, piping, mechanics, machining, automation and maintenance of production lines. Location: Siège – Seine-Saint-Denis et établissement – Seine-Maritime Headcount 19 employees 2022 revenues: 1,1 M€ – 2021 revenues: 3,2 M€ Deadline for submitting bids: 21/11/2022