Distressed acquisition opportunities – May 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).

		Groupe Stars Main features: Business: Video sales specialist. Location: Paris and operating premises Plaine Saint Denis 2022 (Group): 64,1 M€ Headcount 75 employees Letter of intent by 22/05/2023
		Electric mobility solutions Main features: Business: Supply of electric mobility solutions, in particular electric two-wheelers (scooters/motorbikes) and associated services. Exclusive distribution of “Super Soco” brand two-wheelers in France. Location: Saint-Denis (Seine-Saint-Denis) and Villeurbanne (Rhône) 2022 revenues: 10,3 M€ Headcount 4 employees Deadline for submitting bids: 03/05/2023
		Adapah Main features: Business: Services for people at home. Location: Ardennes 2022 revenues: 10 M€ Headcount 480 employees Deadline for submitting bids: 31/05/2023
		Rockson Nouvelle Main features: Business: Commercial printer, equipped with two 80-page KBA presses, one of which is owned. Location: Rognac (Bouches-du-Rhône) Company registration number: 829 067 289 2022 revenues: 7,7 M€ Headcount 34 employees Deadline for submitting bids: 31/05/2023
		Manufacture of joinery Main features: Business: Manufacture of PVC aluminum joinery and roller shutters. Location: Montauban (Tarn-et-Garonne) and Saint Alban (Haute-Garonne) 2023 revenues (9 months): 5,2 M€ – 2022 revenues (12 months) : 7,2 M€ Headcount 36 employees Deadline for submitting bids: 17/05/2023
		Footwear manufacturing and distribution Main features: Business: Footwear manufacturing and distribution. Location: Bas-Rhin 2022 revenues: 5,7 M€ Headcount 27 employees Deadline for submitting bids: 31/05/2023
		Moving company Main features: Business: Company operating a removal business in the Ile-de-France region and in the West integrated into a national network (metropolis-DROM) – Furniture storage activity. Location: Rungis (Val-de-Marne) 2022 revenues: 4,9 M€ Headcount 37 employees Deadline for submitting bids: 02/05/2023
		Construction of electrical networks Main features: Business: Construction of low and medium voltage electrical networks (overhead and underground). Intervention on public lighting, telecommunication networks (optical fiber), gas and drinking water networks, source stations, new energies. Location: Aurillac (Cantal) 2022 revenues: 4,8 M€ Headcount 48 employees Deadline for submitting bids: 15/05/2023
		Amzair Industrie Main features: Business: Design and manufacture of aerothermal and geothermal heat pumps. Location: Finistère 2022 revenues: 3,8 M€ Headcount 25 employees Deadline for submitting bids: 17/05/2023
		D Porthault Paris Main features: Business: Weaving, printing and manufacturing of top-of-the-range household linen under the trade name “D.Porthault”. Company registration number: 841 407 299 2022 revenues: 3,6 M€ Headcount 66 employees Deadline for submitting bids: 22/05/2023
		Taaj Main features: Business: Development and marketing of cosmetic products (face, body and hair care) under the brand “TAAJ”, made from Himalayan spring water. Location: 600 points of sale, 1 Spa Hotel partner and 6 e-commerce sites. Company registration number: 497 886 234 2021 revenues: 3,6 M€ Headcount 17 employees Deadline for submitting bids: 22/05/2023
		Loupidor Main features: Business: Retail trade of watches and jewelry with an operation of 7 retail stores. Location: Créteil, Mandelieu-la-Napoule, Cesson, Besançon, Puget sur Argens, Villeneuve d’Ascq, Marseille Company registration number: 492 475 066 2022 revenues: 3,1 M€ Headcount 38 employees Deadline for submitting bids: 05/05/2023
		Jacques Lafargue Traiteur Main features: Business: Catering service, catering and events (weddings, buffets, cocktails, meal trays) – Large storage possibility (refrigerated container) – Restaurant with 40 seats, terrace and license III. Location: Lyon (Rhône) Company registration number: 501 522 650 2022 revenues: 2,2 M€ Headcount 27 employees Deadline for submitting bids: 16/05/2023