immeuble Franklin

Distressed acquisition opportunities – March 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).

 

Steel structures

Main features:

  • Business: Structural steel company with a design office and significant production capacity.
  • Location: Hauts-de-France
  • Headcount 60 employees
  • 2022 revenues: 18 M€
  • Deadline for submitting bids: 14/04/2023

Company carrying out carpentry, roofing and glued laminated wood manufacturing

Main features:

  • Business: Company carrying out carpentry, roofing and glued laminated wood manufacturing.
  • Location: Pays de Loire
  • Headcount 70 employees
  • 2022 revenues: 14 M€
  • Deadline for submitting bids: 07/04/2023

Film and documentary production

Main features:

  • Business: Delegated production of documentary films for television and cinema.
  • Headcount 43 employees
  • 2022 revenues: 5,7 M€
  • Deadline for submitting bids: 21/04/2023

AMM 42

Main features:

  • Business: All industrial and commercial operations of all kinds relating to general mechanics, tooling, precision mechanics, precision mechanical welding, metal working and processing, all manufacturing, all industries related to metals, welding, mechanical welding, etc.
  • Location: Champdieu (Loire)
  • RCS : 512 254 137
  • Headcount 39 employees
  • 2021 revenues: 5,7 M€
  • Deadline for submitting bids: 20/04/2023

Customised fitting of commercial vehicles for professionals

Main features:

  • Business: Customised fitting of commercial vehicles for professionals.
  • Location: Val d’Oise
  • Headcount 22 employees
  • 2022 revenues: 4,4 M€
  • Deadline for submitting bids: 21/04/2023

Slaughter of meat

Main features:

  • Business: Slaughter of meat.
  • Location: Saint-Affrique (Aveyron)
  • Headcount 45 employees
  • 2022 revenues: 4,4 M€
  • Deadline for submitting bids: 04/05/2023

Treatment of neurodegenerative diseases

Main features:

  • Business: Applied research to develop therapeutic solutions in the treatment of neurodegenerative diseases.
  • Location: Neuilly-sur-Seine (Hauts-de-Seine)
  • Headcount 21 employees
  • 2021 revenues: 3,7 M€
  • Deadline for submitting bids: 12/04/2023

Food packaging trade & packaging

Main features:

  • Business: Trade in food packaging for restaurants, hotels and food shops.
  • Location: Val d’Oise
  • Headcount 12 employees
  • 2022 revenues: 2,7 M€
  • Deadline for submitting bids: 28/04/2023

Processing and conservation of meat

Main features:

  • Business: Processing and conservation of meat.
  • Location: Saint-Affrique (Aveyron)
  • Headcount 2 employees
  • 2022 revenues: 1,3 M€
  • Deadline for submitting bids: 04/05/2023

Design, industrialization and marketing in Europe of cargo bikes

Main features:

  • Business: Design, industrialization and marketing in Europe of cargo bikes.
  • Location: Lyon area (Rhône)
  • Headcount 12 employees
  • 2022 revenues: 1,1 M€
  • Deadline for submitting bids: 22/05/2023