News
26.12.2022Arnaud Pédron, Numa Rengot

Distressed acquisition opportunities – December 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).

 

transport routier

Last kilometers

Main features:

  • Business: Company 1: Road transport of goods / intercity freight – Company 2: Road transport of goods, non-toxic waste and recyclable materials – 3 subcontracting companies
  • Location: Evry -Courcouronnes (Essonne)
  • Headcount: Company 1 : 52 employees – Company 2 : 50 employees – Subcontracting : Company 3 : 53 employees – Company 4 : 97 employees – Company 5 : 59 employees .
  • 2021 revenues: Company 1 : 17 M€ – Company 2 : 3,3 M€
  • Deadline for submitting bids: 20/01/2023

Relève Service Plus

Main features:

  • Business: Reading, installation and maintenance of water, gas and electricity meters, 5G terminals and terminals for electric cars.
  • Location: Montigny le Bretonneux (Yvelines), Boissey le Châtel (Eure), Saint Ovin (Manche), Saintes (Charente-Maritime) and Sorigny (Indre-et-Loire)
  • Company registration number: 448 421 289
  • Headcount 156 employees.
  • 2021 revenues: 12,5 M€
  • Deadline for submitting bids: 20/01/2023

VR Services Forestiers – Techni Forêt

Main features:

  • Business: VR Services Forestiers: Maintenance of land for reforestation and reforestation, public works in forests and on agricultural land, purchase/sale of wood.
    Techni Forêt : Purchase/sale of new or used forestry machines, purchase/sale of spare parts and maintenance and repair of said machines.
  • Location: Tulle (Corrèze)
  • Company registration number: VR Services Forestiers : 805 232 550 –  Techni Forêt : 801 025 461
  • Headcount: VR Services Forestiers : 25 employees- Techni Forêt : 8 employees.
  • 2021 revenues: VR Services Forestiers : 5,7 M€ – Techni Foret : 5,7 M€
  • Deadline for submitting bids : 20/01/2023

Etablissements Declercq Debruyne

Main features:

  • Business: Design, installation and maintenance of refrigeration and air conditioning systems in the tertiary sector, industry, laboratories, data centers and restaurants.
  • Location: Ennevelin (Hauts-de-France)
  • Company registration number: 465 500 510
  • Headcount 37 employees.
  • 2021 revenues: 5,6 M€
  • Deadline for submitting bids: 31/01/2023

Production and sale of plastic packaging and derivatives

Main features:

  • Business: Production and sale of plastic packaging and derivatives (films, sleeves, covers, bags, sleeves, OPP films, flowpacks, perforation, flexographic printing with 8 colors at choice).
  • Location: Haute-Garonne
  • Headcount 13 employees.
  • 2021 revenues: 3,2 M€
  • Deadline for submitting bids: 30/01/2023

Production of vegetables

Main features:

  • Business: Company 1: Production and distribution of potatoes, onions and beet – Company 2: Personnel made available for seed, collection and packaging for company 1
  • Location: Sarthe
  • Headcount : Company 1 : 3 employees – Company 2 : 33 employees.
  • Company 1 : 2021 revenues: 3,4 M€ (pas de CA renseigné pour la 2e société).
  • Deadline for submitting bids: 13/01/2023
retail reprise

Women’s ready-to-wear clothes

Main features:

  • Business: Group: parent company of 4 subsidiaries, one of which operates 2 stores in Paris under its own name (located on rue des Rosiers and avenue Victor Hugo). Buying and selling of women’s ready-to-wear clothes, wholesale and retail.
  • Location: Gennevilliers (Hauts-de-Seine)
  • Headcount 7 employees.
  • 2021 revenues: 2,6 M€
  • Deadline for submitting bids: 16/01/2023

Sale of fresh products

Main features:

  • Business: Sale of fresh products (fruits, vegetables, dairy products).
  • Location: Puiseux-Pontoise (Val d’Oise)
  • Headcount 11 employees.
  • 2021 revenues: 2,2 M€
  • Deadline for submitting bids: 06/01/2023

Monte Bacco Group

Main features:

  • Business: Production and distribution of bottled water: water source of Castelnau-de-Brassac (81); brand “Eau de la Reine”. Export wine trading: “La Maison Dominici” brand.
  • Location: Boulogne-Billancourt (Hauts-de-Seine)
  • Company registration number: 522 426 931
  • Headcount 10 employees
  • 2022 revenues: 2,1 M€
  • Deadline for submitting bids : 13/01/2023

Pimon Marteau

Main features:

  • Business: Roofing and carpentry work.
  • Location: La Londe (Seine-Maritime)
  • Company registration number: 842 515 363
  • Headcount 16 employees
  • 2022 revenues: 1,9 M€
  • Deadline for submitting bids: 12/01/2023

Public and online auctions

Main features:

  • Business: Organization of public and online auctions of furniture and art objects.
  • Location: Paris
  • Headcount 15 employees
  • 2022 revenues: 1,7 M€
  • Deadline for submitting bids: 06/01/2023

Biocoop

Main features:

  • Business: Organic store operating under the Biocoop brand.
  • Location: Rochefort (Charente-Maritime)
  • Headcount 9 employees
  • 2022 revenues: 1,6 M€
  • Deadline for submitting bids: 06/01/2023

Provision of IT services and development of e-health solutions

Main features:

  • Business: Company specialized in the provision of IT services and in the development of e-health solutions.
  • Location: Neuilly-sur-Seine (Hauts-de-Seine) and Colombelles (Calvados)
  • Headcount 19 employees
  • 2022 revenues: 1,4 M€
  • Deadline for submitting bids: 03/01/2023
agence communication reprise

Digital communication agency, strategic brand consulting

Main features:

  • Business: Digital communication agency, strategic brand consulting.
  • Location: Ile-de-France
  • Headcount 5 employees
  • 2021 revenues: 1 M€
  • Deadline for submitting bids: 25/01/2023

Medical coordination and telemedicine software

Main features:

  • Business: Start-up in the marketing phase of a software (SaaS) for medical coordination and telemedicine. Distribution of connected medical devices. Activities in a strong growth phase.
  • Location: Rhône-Alpes
  • Headcount 9 employees.
  • 2021 revenues: 347 K€
  • Deadline for submitting bids: 19/01/2023