Newsletter
24.03.2021Arnaud Pédron, Numa Rengot

Distressed acquisition opportunities – March 2021

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).

Tally Weijl

Main features:

  • Business: Operation of women’s ready-to-wear stores
  • Location: 27 stores in France
  • Headcount 100 employees
  • Company registration number: 500 621 263
  • 2020 revenues: 30 M€ – 2019 revenues: 43 M€
  • Deadline for submitting bids: 06/04/2021

Hyatt Regency Chantilly

Main features:

  • Business: Luxury hotel / SPA operated by HYATT with 211 rooms and suites
  • Location:  Avilly-Saint-Léonard (Oise)
  • Headcount 65 employees
  • Company registration number: 810 992 800
  • 2019 revenues (18 months): 12,3 M€
  • Deadline for submitting bids: 30/04/2021

3 star hotel complex in Guadeloupe

Main features:

  • Business: Complexe hôtelier 3 étoiles totalisant 209 chambres et 61 appartements répartis sur 2 hôtels et 1 résidence hôtelière.
  • Location:  Guadeloupe
  • Headcount 59 employees
  • 2020 revenues: 9,5 M€
  • Deadline for submitting bids: 06/04/2021

4 star hotel – Mallemort

Main features:

  • Business: 4 star hotel (100 rooms) with a restaurant (140 seats).
  • Location:  Mallemort (Bouches-du-Rhône)
  • Headcount 33 employees
  • 2020 revenues: 5,5 M€ – 2019 revenues: 2,5 M€
  • Deadline for submitting bids: 25/03/2021

Numeca

Main features:

  • Business: Fabrication de pièces mécaniques de haute précision pour les grands noms industriels des secteurs aéronautique et automobile.
  • Location:  Courcouronnes (Essonne)
  • Company registration number: Numca : 317 540 771 – Numi-technologie : 345059729
  • Headcount 9 employees Numeca and 3 employees Numi-technologie
  • 2020 revenues: 2 M€
  • Deadline for submitting bids: 15/04/2021

3 star hotel – Orange

Main features:

  • Business: 3 star hotel establishment (58 rooms) with a restaurant (90 seats).
  • Location:  Orange (Vaucluse)
  • Headcount 9 employees
  • 2020 revenues: 1,5 M€ – 2019 revenues: 549 K€
  • Deadline for submitting bids: 25/03/2021

Refrigerated transport

Main features:

  • Business: Company of refrigerated transport of proximity located in Oise.
  • Location: Oise
  • Headcount 138 employees including 23 drivers
  • 2020 revenues: 1,6 M€ – 2019 revenues: 2,5 M€
  • Deadline for submitting bids: 01/04/2021

Ardèche Recherche Développement Innovation – ARDI

Main features:

  • Business: Manufacture of plastic packaging.
  • Location: Ardoix (Ardèche)
  • Company registration number: 827 499 500
  • Headcount 11 employees
  • 2020 revenues: 1,3 M€ – 2019 revenues: 3,7 M€ – 2018 revenues: 5,4 M€
  • DLDO : 06/04/2021

Traditional restaurant

Main features:

  • Business: Traditional restaurant.
  • Location:  Villeneuve-les-Avignon (Gard)
  • Headcount 13 employees
  • 2020 revenues: 929 K€ – 2019 revenues: 1,4 M€
  • Deadline for submitting bids: 22/03/2021

Drugstore Foch – République

Main features:

  • Business: Drugstore
  • Location: Epinay-sur-Seine (Seine-Saint-Denis)
  • Headcount 2 employees
  • Company registration number: 802 530 980
  • 2019 revenues: 558 K€
  • Deadline for submitting bids: 19/04/2021

Security company

Main features:

  • Business: Security company
  • Headcount 11 employees
  • 2019 revenues: 423 K€
  • Deadline for submitting bids: 10/04/2021

Restaurant Malak – Ramsès III

Main features:

  • Business: Lebanese cuisine restaurant and hookah smoking room
  • Location: Paris
  • Headcount 5 employees
  • Company registration number: 8412 828 09
  • Deadline for submitting bids: 19/04/2021