News
24.02.2023Arnaud Pédron, Numa Rengot

Distressed acquisition opportunities – February 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).

 

SAS Vitalité

Main features:

  • Business: Holding company of a regional wholesaler-distributor group specialized in fruits and vegetables and seafood products.
  • Location: North of France area and Belgium
  • Headcount 202 employees
  • 2022 revenues: 43,2 M€
  • Deadline for submitting bids: 03/03/2023

Import and distribution of tires

Main features:

  • Business: Import and distribution of tires, wheels and tubes, specializing in tires for intensive use (agricultural, public works, trucks, civil engineering, handling, recreational vehicles…).
  • Location: Headquarters: Hérault – Warehouses / logistics : Bouches-du-Rhône and Indre-et-Loire.
  • Headcount 63 employees
  • 2022 revenues: 36 M€
  • Deadline for submitting bids: 13/03/2023

Garden furnitur

Main features:

  • Business: Distribution of plastic articles for the garden (major retail).
  • Location: Bourgogne
  • Headcount 41 employees
  • 2022 revenues: 30 M€
  • Deadline for submitting bids: 15/03/2023
sushi reprise

Japanese restaurants

Main features:

  • Business: Japanese restaurant to take away or delivery, 19 restaurants operating under a common brand, and 1 manufacturing laboratory.
  • Location: Paris, Yvelines, Hauts-de-Seine, Seine-Saint-Denis and Val-de-Marne
  • Headcount 330 employees
  • 2022 revenues: 29,3 M€
  • Deadline for submitting bids: 13/03/2023

Parts manufacturing for the automotive, aeronautical, railway, defense and agri-food sectors

Main features:

  • Business: Company specialized in the manufacture of parts or assemblies for the automotive, aeronautical, railway, defense and agri-food sectors.
  • Location: Nouvelle-Aquitaine
  • Headcount 108 employees
  • 2021 revenues: 17 M€
  • Deadline for submitting bids: 13/03/2023

Sainthimat

Main features:

  • Business: Retail trade of hardware, paints and glass in supermarkets.
  • Location: 3 magasins : Caudry (Nord), La Bassée (Nord) and Gaillon (Eure).
  • Company registration number: 309 716 603
  • Headcount 47 employees
  • 2021 revenues: 13,7 M€
  • Deadline for submitting bids: 30/04/2023

Assembly of welded sheet metal parts

Principales caractéristiques :

  • Business: Assembly of welded sheet metal parts.
  • Location: Poitou-Charentes
  • Headcount 100 employees
  • 2022 revenues: 12 M€
  • Deadline for submitting bids: 13/03/2023

LED products and smart lighting solutions

Main features:

  • Business: European player specialized in the manufacture, promotion and marketing in B2B circuit of LED products and smart lighting solutions.
  • Location: Val d’Oise
  • Headcount 34 employees
  • 2022 revenues: 11,1 M€
  • Deadline for submitting bids: : 24/03/2023

Betri

Main features:

  • Business: Design, manufacture, refurbishment of pressure equipment for nuclear power plants, on-site intervention.
  • Location: Meyzieu (Rhône)
  • Company registration number: 957 501 026
  • Headcount 47 employees
  • 2022 revenues: 7,7 M€
  • Deadline for submitting bids: : 20/03/2023

Subcontracting of manufacturing and distribution of food products

Main features:

  • Business: Semi-industrial company specialized in the subcontracting of manufacturing and distribution of food products, take-away meals mainly for Asian restaurants.
  • Location: Chevilly-Larue (Val-de-Marne)
  • Headcount 60 employees
  • 2022 revenues: 7,5 M€
  • Deadline for submitting bids: : 08/03/2023

E-commerce and logistics services platform for wineries

Main features:

  • Business: E-commerce and logistics services platform for wineries.
  • Location: Mâcon (Saône-et-Loire) et Paris
  • Headcount 20 employees
  • 2021 revenues: 5,1 M€ – 2022 estimated revenues: 4,2 M€
  • Deadline for submitting bids: : 06/03/2023

Flour mill

Main features:

  • Business: Flour mill.
  • Location: Chenay-le-Châtel (Saône-et-Loire)
  • Headcount 8 employees
  • 2022 revenues: 4,5 M€
  • Deadline for submitting bids: : 24/03/2023

Predictive computer programming based on artificial intelligence

Main features:

  • Business: Technology company developing and operating predictive computer programs based on artificial intelligence in the field of health and more particularly in the field of allograft.
  • Location: Paris
  • Headcount 26 employees
  • 2022 revenues: 3,4 M€
  • Deadline for submitting bids: : 27/03/2023

Collet & Amblard

Main features:

  • Business: General industrial mechanics, mechanical assemblies and sub-assemblies. Opportunities: gas, nuclear, hydro-electric sectors.
  • Location: Veurey-Voroize (Isère)
  • Company registration number: 056 501 166
  • Headcount 27 employees
  • 2022 revenues: 3,4 M€
  • Deadline for submitting bids: : 20/03/2023

AFCOT

Main features:

  • Business: Group of companies in bonis with an activity of assistance, training and consulting in work organization (AFCOT).
  • Location: Oise and Cangas (Spain)
  • Company registration number: 056 501 166
  • Headcount: Company 1: 1 employee – Company 2: 17 employees – Company 3: 19 employees – Company 4: 2 employees
  • 2022 revenues: Holding : 144 K€ –  Company 2: 2,4 M€ – Company 3: 816 K€ – Company 4: 202 K€
  • Deadline for submitting bids: : 31/03/2023

Construction of electrical and telecommunication networks

Main features:

  • Business: Construction of electrical and telecommunication networks.
  • Location: Azay-le-Rideau (Indre-et-Loire)
  • Headcount 26 employees
  • 2022 revenues: 2 M€
  • Deadline for submitting bids: : 31/03/2023