News
19.10.2022Arnaud Pédron, Numa Rengot

Distressed acquisition opportunities – October 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).

SAG France

Main features:

  • Business: Production of aluminum, steel and stainless steel structures, mainly for the automotive sector.
  • Location: L’Horme (Loire)
  • Company registration number: 351 697 586
  • Headcount 80 employees
  • 2021 revenues: 18,2 M€
  • Deadline for submitting bids: 07/11/2022

Purchase and resale of equipment and consumable supplies for dental professionals

Main features:

  • Business: Purchase and resale of equipment and consumable supplies for dental professionals.
  • Location: Centre-Val-de-Loire
  • Headcount 46 employees
  • 2021 revenues: 10 M€
  • Deadline for submitting bids: 16/11/2022

Groupe JeChange

Main features:

  • Business:
    1 – JeChange.fr: Assistance to individuals for optimizing energy, telecom and insurance bills
    2 – Bilson Datamining : Management of call centers
    3 – Cabinet Pujol Crédit unique – Cabinet Pujol assurances – Agences Cabinet Pujol : Credit repurchase and credit insurance brokerage.
  • Location: Estillac (Haute-Garonne), Pessac (Gironde) and Biganos (Gironde)
  • Company registration number:
    1 – JeChange.fr : 493 542 880
    2 – Bilson Datamining : 509 957 023
    3 – Cabinet Pujol Crédit unique : 421 529 751 – Cabinet Pujol assurances : 533 230 231 – Agences Cabinet Pujol : 502 490 097
  • Headcount :
    1 – JeChange.fr : 15 employees
    2 – Bilson Datamining : 27 employees
    3 – Cabinet Pujol Crédit unique – Cabinet Pujol assurances – Agences Cabinet Pujol : 18 employees
  • 2021 revenues: 10 M€
  • Deadline for submitting bids: 14/11/2022

Ennoblissement de textiles

Main features:

  • Business: Textile finishing thanks to an important industrial park and a know-how in several specialties including technical fabrics.
  • Location: Rhône-Alpes
  • Headcount 65 employees
  • 2021 revenues: 7 M€
  • Deadline for submitting bids: 02/12/2022

Extraction of limestone

Main features:

  • Business: Extraction of limestone of a dozen colors, transformation of extracted stone blocks into paving, thin coverings or furniture.
  • Location: Dordogne
  • Headcount 45 employees
  • 2021 revenues: 4,1 M€
  • Deadline for submitting bids: 21/10/2022

Production of parts, sheet metal sub-assemblies

Main features:

  • Business: Production of parts, sheet metal sub-assemblies in small or medium series in different materials (steel, stainless steel, aluminum).
  • Location: OisHeadcount 35 employees
  • CA as of March 31, 2022: 3,56 M€
  • Deadline for submitting bids: 04/11/2022

Industrial electricity and boiler making

Main features:

  • Business: Industrial electricity and boiler making.
  • Location: Occitanie
  • Headcount 17 employees
  • 2021 revenues: 3,1 M€
  • Deadline for submitting bids: 15/11/2022

Wood construction and renovation

Main features:

  • Business: Wood construction and renovation.
  • Location: Audomarois (Pas-de-Calais)
  • Headcount 11 employees
  • 2021 revenues: 3 M€
  • Deadline for submitting bids: 14/11/2022

Public transport of goods

Main features:

  • Business: Public transport of goods.
  • Location: Toulouse (Haute-Garonne) and Nantes (Loire-Atlantique)
  • Headcount 21 employees
  • 2021 revenues: 2,6 M€
  • Deadline for submitting bids: 31/10/2022

General building company

Main features:

  • Business: General building company, plastering, painting, facade renovation.
  • Location: Haute-Garonne
  • Headcount 18 employees
  • 2021 revenues: 2,6 M€
  • Deadline for submitting bids: 24/10/2022

SOCOSER

Main features:

  • Business: Workshop of general mechanics on measure (manufacture of parts and trade of screw-cutting and stamping).
  • Location: Chassieu (Rhône)
  • Company registration number: 967 502 717
  • Headcount 11 employees
  • 2022 revenues: 2,5 M€
  • Deadline for submitting bids: 04/11/2022
routage reprise

Subscription management routing company

Main features:

  • Business: Routing, subscription management, logistics and digital printing company.
  • Location: Paris area
  • Headcount 20 employees
  • CA as of September 30, 2022: 2,1 M€
  • Deadline for submitting bids: 10/11/2022

Duvert Productions

Main features:

  • Business: Metalwork, closing, carpentry and locksmithing.
  • Location: Cuzieu (Loire)
  • Company registration number: 790 173 025
  • Headcount 12 employees
  • 2021 revenues: 2 M€
  • Deadline for submitting bids: 07/11/2022

Garage

Main features:

  • Business: Garage fund, maintenance and repair of vehicles and transport equipment.
  • Location: Sainte-Luce-sur-Loire (Loire-Atlantique)
  • Headcount 7 employees
  • 2021 revenues: 2 M€
  • Deadline for submitting bids: 02/12/2022