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).

		Fonmarty & Fils Main features: Business: Company specialized in the production of wooden doors, door blocks and frames, operating a factory of 36.800 m2. Location: Bazas (Gironde) Company registration number: 464 201 219 2022 revenues: 41 M€ Headcount 169 employees Deadline for submitting bids: 05/06/2023
		Fruits rouges du Périgord Main features: Business: Company specialized in the purchase, sorting/packaging and marketing of strawberries, small red fruits and nuts. Location: Capdrot (Dordogne) Company registration number: 435 333 984 2021 revenues: 28 M€ Headcount 80 employees Deadline for submitting bids: 26/05/2023
		LMLD (Nysa) Main features: Business: Retail distribution of wines and spirits under the sign “Nysa”. Location: Paris, Londres, Lyon Company registration number: 490 307 097 2022 revenues: 14,5 M€ Headcount 107 employees Deadline for submitting bids: 02/06/2023
		PRP Création Main features: Business: Plastics – Manufacture of packaging for the cosmetics market. Location: Oyonnax (Ain) Company registration number: 304 249 352 2022 revenues: 11,9 M€ Headcount 125 employees Deadline for submitting bids: 23/05/2023
		Home Help Main features: Business: Services for people at home. Location: Guadeloupe 2022 revenues: 7,3 M€ Headcount 250 employees Deadline for submitting bids: 19/05/2023
		Video creation for companies Main features: Business: Company specialized in video creation for companies. SaaS platform and mobile application for self-production of video content. Location: Two subsidiaries, one in the USA and one in Tunisia 2022 revenues: 3,9 M€ Headcount 20 employees Deadline for submitting bids: 22/05/2023
		Wooden box Main features: Business: Activity of wooden crates for the automotive and armament industries. Manufacturing of solid panels for the concrete industry – sawmill. Location: Landes 2022 revenues: 3,3 M€ Headcount 52 employees Deadline for submitting bids: 15/06/2023
		Davy Main features: Business: Manufacture and installation of wood stairs. Location: Maine-et-Loire Company registration number: 349 178 566 2022 revenues: 3,1 M€ Headcount 35 employees Deadline for submitting bids: 02/05/2023
		Eko Friendly Main features: Business: Distance selling of natural cosmetics and cleaning products to make yourself. Location: Chasselay (Rhône-Alpes) Company registration number: 532 935 111 2021 revenues: 3,1 M€ Headcount 13 employees Deadline for submitting bids: 26/05/2023
		FBT Transports Main features: Business: Transport of goods by road. Location: Filière (Haute-Savoie) Company registration number: 800 206 559 2022 revenues: 3,1 M€ Headcount 25 employees Deadline for submitting bids: 29/05/2023
		Marketing of anti-pollution masks and filters Main features: Business: Company specialized in the online marketing of anti-pollution masks and filters. Location: Longjumeau (Essonne) 2021 revenues: 2,1 M€ Headcount 2 employees Deadline for submitting bids: 22/05/2023
		Industrial electricity Main features: Business: Industrial electricity. Location: Rhône Valley 2022 revenues: 2,1 M€ Headcount 16 employees Deadline for submitting bids: 09/06/2023
		Metal Color Europe Main features: Business: Application of paint in any form, assembly and industrial logistics, import, export, purchase, sale, marketing, trading of any product related to painting, control and training related to these activities. Location: Sainte-Sigolène (Haute-Marne) Company registration number: 491 208 112 2022 revenues: 1,2 M€ Headcount 18 employees Deadline for submitting bids: 26/05/2023
		SASU 2 L Main features: Business: Kitchen and bathroom installation, purchase for resale of sanitary appliances, heating, bathroom furniture and accessories, kitchen furniture and accessories. Location: Châlons-en-Champagne (Marne) Company registration number: 444 413 496 2021 revenues: 1 M€ Headcount 7 employees Deadline for submitting bids: 19/05/2023
		Commercial transfer property – SAS 1Monde9 Main features: Business: Transfer of 27 goodwill from the judicial liquidation of SAS 1MONDE9 for a shoe business. Location: Amiens, Avignon, Colmar, Marseille, Nancy, Nantes, Orléans, Perpignan, Rennes, Strasbourg, paris, Vélizy, Angers, Begles, Aéroville, Reims, Chaussée d’Antin, Brest, Eura Lille, Strasbourg, Limoges, Montpellier, Pau, Rosny, Sénart, Villeneuve d’Ascq. Deadline for submitting bids: 30/05/2023