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Arnaud Pédron, Numa Rengot

Distressed acquisition opportunities – October 2021

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).

 

Products for the building industry

Main features:

  • Business: Manufacture and marketing of products for the building industry.
  • Headcount 60 employees
  • Location: South East
  • 2020 revenues: 9 M€
  • Deadline for submitting bids: 16/11/2021

Industrial painting and stripping

Main features:

  • Business: Industrial painting and stripping.
  • Headcount 50-70 employees
  • Location: Rhône-Alpes
  • 2020 revenues: 8,7 M€
  • Deadline for submitting bids: 29/10/2021

Manufacturing and design of machinery

Main features:

  • Business: Manufacture and design of special machines to optimise production lines, integrate robotics or improve processes with customised, turnkey projects.
  • Headcount 45-55 employees
  • Location: Nouvelle Aquitaine
  • 2020 revenues (18 months): 6,2 M€
  • Deadline for submitting bids: 29/10/2021

Facades and insulation

Main features:

  • Business: Facade cladding, external thermal insulation, cladding, painting.
  • Location: Lyon area
  • Headcount 43 employees
  • 2020 revenues: 5 M€
  • Deadline for submitting bids: 10/11/2021

Building and carpentry

Main features:

  • Business: General building and carpentry company.
  • Location: Fontenay-sous-Bois (Val-de-Marne)
  • Headcount 21 employees
  • 2020-2021 revenues (21 months) : 5 M€
  • Deadline for submitting bids: 27/10/2021

Company specialising in printing solutions, IT solutions and video conferencing

Main features:

  • Business: Company specialising in printing solutions, IT solutions and video conferencing.
  • Location : Sout West
  • Headcount 50 employees
  • 2020 revenues : 4,3 M€
  • Deadline for submitting bids: 15/10/2021

Thurmelec

Main features:

  • Business: Fixtures, equipment, tools, stocks.
  • Location: Pluversheim (Haut-Rhin)
  • Company registration number: 453 730 749
  • Headcount 41 employees
  • 2020 revenues: 4,2 M€
  • Deadline for submitting bids: 30/12/2022

Toitvert – Optigreen

Main features:

  • Business: Supplier of green roof systems.
  • Company registration number: 502 805 252
  • Location : Reims (Marne)
  • Headcount 6 employees
  • 2020 revenues (18 months): 3,56 M€
  • Deadline for submitting bids: 29/10/2021
plomberie sanitaire reprise

Plumbing, sanitation, heating and tiling

Main features:

  • Business: Group of plumbing, sanitary, heating and tiling equipment companies.
  • Location : Vendée
  • Headcount 17 employees
  • 2020 revenues: 2,8 M€
  • Deadline for submitting bids: 29/10/2021

Private security company

Main features:

  • Business: Private security company.
  • Location: Ivry-sur-Seine (Val-de-Marne)
  • Headcount 80 employees
  • 2020 revenues: 2,7 M€
  • Deadline for submitting bids: 05/11/2021

Public works and quarrying

Main features:

  • Business: Activity 1 : Public works / Roads and other networks – Activity 2 : Quarrying.
  • Location : Loiret
  • Headcount 24 employees (Activity 1) and 5 employees (Activity 2)
  • 2020 revenues: 2,7 M€
  • Deadline for submitting bids: 02/11/2021

Technigarde

Main features:

  • Business: Guarding, surveillance and fire safety services.
  • Company registration number: 422 610 238
  • Headcount 39 employees
  • 2020 revenues: 2,6 M€
  • Deadline for submitting bids: 05/11/2021

Laying tiles, earthenware and flexible floors

Main features:

  • Business: Laying tiles, earthenware and flexible floors.
  • Location: Cher
  • Headcount 17 employees and 2 trainees
  • 2020 revenues: 1,9 M€
  • Deadline for submitting bids: 08/11/2021

Online sales

Main features:

  • Business: Start-up whose purpose in France and internationally is the purchase, take-away, delivery and distribution of groceries and essential everyday products via an internet and smartphone application.
  • Headcount 20 employees
  • 2020 revenues: 1,8 M€
  • Deadline for submitting bids: 29/10/2021
transport routier

Intercity road freight transport

Main features:

  • Business: Intercity road freight transport.
  • Location: Epinay-sur-Seine (Seine-Saint-Denis)
  • Headcount 9 employees
  • 2020 revenues: 1,3 M€
  • Deadline for submitting bids: 29/10/2021

Recruitment consultancy

Main features:

  • Business: Recruitment consultancy for senior executives and managers in France and abroad in the industrial, commercial and service sectors.
  • Location: Paris
  • Headcount 10 employees
  • 2020 revenues: 1,65 M€
  • Deadline for submitting bids: 27/10/2021

MSB MMI

Main features:

  • Business: Industrial subcontracting in the metalworking sector: machining, mechanical welding, assembly.
  • Location: Chaufailles (Saône-et-Loire)
  • Company registration number: 503 291 098
  • Headcount 25 employees
  • 2020 revenues: 1,4 M€
  • Deadline for submitting bids: 19/11/2021

What the French

Main features:

  • Business : Start-up that has been marketing a range of organic ice cream in jars to supermarkets since 2018.
  • RCS : 318 132 792
  • Headcount 1 employee
  • 2020 revenues: 902 K€
  • Deadline for submitting bids: 26/10/2021

GISWeb application creation

Main features:

  • Business: Creation, development and marketing of GISWeb applications and digital studies dedicated to the land and regional planning professions using its unique know-how in the dematerialisation of urban planning documents.
  • Location: Montpellier (Hérault)
  • Headcount 13 employees
  • 2020 revenues (18 months): 852 K€
  • Deadline for submitting bids: non définie

SA Serm

Main features:

  • Business: Precision mechanics in the industrial sector and design office.
  • Location: Bétheny (Marne)
  • Company registration number: 318 132 792
  • Headcount 15 employees
  • 2020 revenues: 683 K€
  • Deadline for submitting bids: 05/11/2021

Design, realization, sale, construction of individual houses

Main features:

  • Business : Company operating in the sector of design, realization, sale, construction of individual houses.
  • Location: Sud de la France
  • Headcount 88 employees
  • Deadline for submitting bids: 29/10/2021