Distressed acquisition opportunities – June 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).

		Sale of ecological and organic products – “Les nouveaux Robinson” Main features: Business: Retail sale of ecological and organic products under the banner “Les nouveaux Robinson” Location: Ile-de-France Company registration number: 391 553 286 2021 revenues: 19 M€ Headcount 73 employees Deadline for submitting bids : 30/06/2023
		Valette et Gaurand Industrie (VGI) Main features: Business: Manufacture and trading of logs Location: La Talaudière (Loire) Company registration number: 320 684 442 2021 revenues: 6,8 M€ – 2020 revenues: 8,1 M€ Headcount 62 employees Deadline for submitting bids: 12/09/2023
		Netto Main features: Business: General food retailing under the NETTO banner Location: Vitré et Rennes (Ille-et-Vilaine) Company registration number: Gerver : 401 935 648 – Netren : 797 959 566 2021 revenues: Gerver : 3,4 M€ – Netren : 3,7 M€ Headcount: Gerver : 10 employees – Netren : 14 employees Deadline for submitting bids: 12/07/2023
		Earthworks – Public works Main features: Business: Earthworks, public works, hire of public works equipment Location: Ardèche 2022 revenues: 5,6 M€ Headcount 27 employees and 5 tainees Deadline for submitting bids: 12/06/2023
		Sofacem – La cuisine française Main features: Business: Production of furniture / joinery under the “La cuisine française” banner Location: Pré-en-Pail (Mayenne) Company registration number: 390 256 642 2022 revenues: 3,9 M€ Headcount 46 employees Deadline for submitting bids: 23/06/2023
		Transports Guillermin Raymond Main features: Business: Public passenger transport by road using all types of vehicles, specialising in journeys in the mountains and to ski resorts. Location: Crémieu (Isère) Company registration number: 407 280 270 2022 revenues: 3,8 M€ – 2021 revenues: 2,5 M€ Headcount 34 employees Deadline for submitting bids: 30/06/2023
		L’Argus des commerces et des entreprises Main features: Business: Advertising, announcements and contacts for the sale of companies and businesses in France and Belgium. “L’Argus des commerces et des entreprises”. Location: Nanterre (Hauts-de-Seine) and Questembert (Morbihan) 2021 revenues: 2,9 M€ – 2020 revenues: 2,7 M€ – 2019 revenues: 4,9 M€ Headcount 23 employees Deadline for submitting bids : 16/06/2023
		Ifinance Main features: Business: Bank transaction brokerage Location: Le Mans (Sarthe) Company registration number: 899 974 612 2021 revenues: 2,9 M€ – 2020 revenues: 3,9 M€ – 2019 revenues: 2,6 M€ Headcount 19 employees Deadline for submitting bids: 19/06/2023
		S.A.T.D. Main features: Location: Lagny-sur-Marne (Seine-et-Marne) Company registration number : 429 225 196 2022 revenues: 2,7 M€ Headcount 22 employees Deadline for submitting bids: 23/06/2023
		Techni Profils Main features: Business: Manufacture of PVC joinery Location: Artix (Pyrénées-Atlantiques) Company registration number: 393 507 066 2022 revenues: 2,5 M€ Headcount 13 employees Deadline for submitting bids: 20/06/2023
		Nady Rénovation Main features: Business: Painting and glazing Location: Limeil-Brévannes (Val-de-Marne) Company registration number: 813 843 323 2022 revenues: 2,2 M€ – 2021 revenues: 1,9 M€ – 2020 revenues: 2,7 M€ Headcount 38 employees Deadline for submitting bids : 20/06/2023
		Sonogo Main features: Business: Retail sale of sports goods in shops (affiliation agreement with GO SPORT France) Location: Bourg-en-Bresse (Ain) Company registration number: 848 598 751 2022 revenues: 2 M€ Headcount 9 employees Deadline for submitting bids: 30/06/2023
		Studios de design & business Main features: Business: Company specialising in the development of design & business and cost configuration studios 2022 revenues: 1,9 M€ – 2021 revenues: 2,5 M€ – 2020 revenues: 1,7 M€ Headcount 37 employees Deadline for submitting bids: 20/06/2023
		Design, development and marketing of complete on-line water monitoring and measurement systems Main features: Business: Design, development and marketing of complete on-line water monitoring and measurement systems Location: Provence-Alpes-Côte-D’azur Revenues: 1,3 M€ Headcount 25 employees Deadline for submitting bid: 15/06/2023
		Data Soluce Main features: Business: Collects, structures and enriches data on the property assets of public and private organisations to reduce costs and provide the indicators needed to meet the requirements of the European taxonomy across the entire building lifecycle. Location: Quimper (Finistère) et locaux à Paris Company registration number: 820 958 882 2021 revenues: 1,1 M€ Headcount 24 employees Deadline for submitting bids: 16/06/2023