immeuble Franklin

Distressed acquisition opportunities – April 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).

Courtepaille

Main features:

  • Business: Pioneer brand of theme restaurants, offering traditional French cuisine (between 7 and 9 million meals served per year), 144 branch restaurants and 72 franchise restaurants under the Courtepaille brand.
  • Headcount 2089 employees
  • 2022 revenues: 120 M€
  • Deadline for submitting bids: 02/05/2023

Kaporal

Main features:

  • Business: French group specialized in the design and marketing in BtoB and BtoC of ready-to-wear clothing of the Kaporal brand.
  • Location: 86 stores in France, 20 franchises and 7 affiliated stores
  • Headcount 527 employees
  • Consolidated sales: 99 M€ (6 companies in judicial settlement): – Holding company: 7 M€, Design and distribution entity: 68,5 M€, Marketing entity of the products via its network of branch stores: 38,3 M€, Accounting support entity: 1,8 M€, Digital, communication and Bto B sales force support entity: 2.6 M€ and Company operating 5 branch stores in Reunion Island: 2,8 M€
  • Deadline for submitting bids: 22/05/2023

Private security company

Main features:

  • Business: Private security company.
  • Headcount 900 employees
  • 2022 revenues: more than 20 M€
  • Deadline for submitting bids: 15/05/2023

Lana Papiers spéciaux II

Main features:

  • Business: Manufacture of special high-end paper.
  • Location: Bas-Rhin
  • Company registration number: 798 219 572
  • Headcount 72 employees
  • 2022 revenues: 17 M€
  • Deadline for submitting bids: 21/04/2023

Boning and cutting of meat

Main features:

  • Business: Boning and cutting of meat.
  • Location: Poitiers (Vienne)
  • Headcount 22 employees
  • 2021 revenues: 15 M€
  • Deadline for submitting bids: 03/05/2023

Distribution in France of high-end furniture and decorative items

Main features:

  • Business: Company specialized in the distribution in France of furniture and high-end decoration articles. The latter has a 1600m2 store located in a prime Parisian location, a website.
  • Location: Hauts-de-Seine
  • Headcount 60 employees
  • 2022 revenues: 14 M€
  • Deadline for submitting bids: 28/04/2023

Industrialization and production of customized connected objects

Main features:

  • Business: Industrialization and production of personalized connected objects (Internet of things), integrated production plant for mechatronic products.
  • Location: Auvergne – Rhône-Alpes
  • Headcount 76 employees
  • 2021 revenues: 11,1 M€
  • Deadline for submitting bids: 21/04/2023

Nursery and toys for all little ones

Main features:

  • Business: Company specialized in the field of childcare and toys for all children from 0 to 3 years.
  • Headcount 48 employees
  • 2022 revenues: 10,3 M€
  • Deadline for submitting bids : 28/04/2023

Women’s ready to wear

Main features:

  • Business: Design, manufacture and distribution of women’s ready-to-wear clothing with a network of 13 boutiques in France, 1 outlet, 48 affiliates and 120 multi-brand customers in France and 50 abroad.
  • Location: Aube
  • Headcount 43 employees
  • 2022 revenues: 5,7 M€
  • Deadline for submitting bids: 26/05/2023

Design and manufacture of equipment for heating networks

Main features:

  • Business: French specialist in the design and manufacture of equipment for heating networks (all heat transfer fluids).
  • Location: Seine-et-Marne
  • Headcount 27 employees
  • 2022 revenues: 4,5 M€
  • Deadline for submitting bids: 26/04/2023

SAS Claudet Roland

Main features:

  • Business: Construction of high-end wood-frame chalets and houses/professional wood-frame buildings/luxury hotels, work entrusted by a partner commercial structure.
  • Location: Doubs, Jura, Savoie, Haute-Savoie, The Alps, Switzerland.
  • Headcount 13 employees
  • 2022 revenues: 3,3 M€
  • Deadline for submitting bids: 28/04/2023
agence communication reprise

Design agency

Main features:

  • usiness: Design agency
  • Headcount 21 employees
  • 2022 revenues: 2,6 M€
  • Deadline for submitting bids: 21/04/2023

Wood trading

Main features:

  • Business: Wood trading, sawing into planks and export of sawn timber to international markets.
  • Location: Ardennes
  • Headcount 13 employees
  • 2021 revenues: 2,9 M€ – 2022 revenues (project) : 1,9 M€
  • Deadline for submitting bids: 30/04/2023

Sourcing

Main features:

  • Business: Sourcing solution (online subscription, physical trade shows and one to one business meetings) for manufacturers, brands and distributors, mainly European, in the food and cosmetics sectors.
  • Headcount 27 employees
  • 2022 revenues (estimated) : 2 M€
  • Deadline for submitting bids: 27/04/2023

Restodocks

Main features:

  • Business: Sourcing solution (online subscription, physical trade shows and one to one business meetings) for manufacturers, brands and distributors, mainly European, in the food and cosmetics sectors.
  • Headcount 27 employees
  • 2022 revenues (estimated) : 2 M€
  • Deadline for submitting bids: 27/04/2023

Design, creation and sale of clothing for women

Main features:

  • Business: Design, creation and sale of clothing for women.
  • Location: Châtillon (Hauts-de-Seine)
  • Headcount 16 employees
  • 2021 revenues: 1,6 M€ – CA 2022 (estimation) : 1,4 M€
  • Deadline for submitting bids : 28/04/2023

Carrefour Contact

Main features:

  • Business: Supermarket under the Carrefour Contact brand.
  • Location: Le Havre (Seine-Maritime)
  • Headcount 6 employees
  • 2022 revenues: 1,7 M€
  • Deadline for submitting bids: 02/05/2023

Alp’tronic

Main features:

  • Business: Design, manufacture and marketing of electronic boards, Lithium battery packs, BMS.
  • Implantation géographique : Epierre (Savoie)
  • Company registration number: 418 449 450
  • Headcount 31 employees
  • 2021 revenues: betwen 1 and 3 M€
  • Deadline for submitting bids: 17/04/2023