News
29.01.2021Arnaud Pédron, Numa Rengot

Distressed acquisition opportunities – January 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).

opérateur immobilier reprise

Real Estate Operator

Main features:

  • Business: Real estate operator
  • Location: Ile-de-France
  • Headcount 4 employees
  • Projected revenues : 87,7 M€
  • Deadline for submitting bids: : 05/02/2021

Transports Jammet

Main features:

  • Business: A major national player in the road transport of temperature-controlled goods.
  • Location: Cholet – Fleuré – Limoges – Heyrieux
  • Headcount 397 employees
  • Company registration number: 418 894 630
  • 2020 revenues: 36,6 M€
  • Deadline for submitting bids:  22/02/2021

MBF Aluminium

Main features:

  • Business: Pressure injection, machining and assembly of aluminium parts for major international car manufacturers.
  • Location: Jura
  • Headcount 286 employees
  • Company registration number: 752 816 496
  • 2019 revenues: 36,3 M€
  • Deadline for submitting bids:  09/02/2021

Connecting Bag Services

Main features:

  • Business: Baggage handling at Roissy Charles de Gaulle Airport (Terminal 2), on behalf of an airline company (subcontracts).
  • Location: Aéroport Roissy Charles De Gaulle
  • Headcount 435 employees
  • Company registration number:  321 227 506
  • 2019 revenues: 35,27 M€ / 2020 revenues: 17,95 M€
  • Deadline for submitting bids: 22/02/2021
ice water management reprise

Ice Water Management

Main features:

  • Business: Group specialising in water treatment, 90% of which is exported for bottlers.
  • Locations: Haute-Savoie (74)
  • Headcount 66 employees
  • Company registration number: 823 320 733
  • 2019 revenues (18 months) : 28 M€ / 2020 revenues (12 months) : 13 M€
  • Deadline for submitting bids:  01/03/2021

Groupe Sedel

Main features:

  • Business: Multidisciplinary general contractor offering generalist and specialist services in the fields of HVAC and electrical engineering.
  • Locations: Marseille – Vitrolles
  • Headcount 38 employees (Sedel D : 9 employees – ATC : 10 employees – SMS : 20 employees – Sedel SAS : 9 employees )
  • 2019 revenues: 12,6 M€ (Revenues Sedel D : 736 K€ – Revenues ATC : 2,9 M€ – Revenues SMS : 1,4 M€ – Revenues Sedel SAS : 7,5 M€)
  • Deadline for submitting bids: 29/01/2021
groupe u reprise

SAS Lachaud Service (Super U)

Main features:

  • Business: Supermarket of 2200 square metres.
  • Location: Implantation géographique : Pineuilh (Gironde)
  • Headcount 32 employees
  • Company registration number: 597 350 149
  • 2020 revenues: 9 M€
  • Deadline for submitting bids:  24/02/2021

pao reprise

Printing – DTP – Finishing

Main features:

  • Business: Impression (Numérique et offset), PAO et façonnage.
  • Location: Créteil (94)
  • Headcount 47 employees
  • 2020 revenues (10 months): 4,6 M€ – 2019 revenues: 8,4 M€
  • Deadline for submitting bids: : 12/02/2021
maintenance telima reprise

Telima

Main features:

  • Business: Installation, assistance and maintenance of digital technologies, on a subcontracting basis.
    Employees working in roaming or on customer sites.
  • Location: Goussainville (95)
  • Headcount emloyees:
    • Telima Infoservices: 64 employees
    • Telima Onsite: 26 employees
    • Telima Professional Services: 52 employees
  • Company registration numbers: 751 319 724 – 512 929 779 – 817 501 471
  • 2020 revenues:
    • Telima Infoservices : 3,2 M€
    • Telima Onsite: 940 K€
    • Telima Professional Services : 2,2 M€
  • Deadline for submitting bids: 12/02/2021
retail reprise

Retail of luxury ready-to-wear

Main features:

  • Business: Retail of luxury ready-to-wear, leather goods, jewellery and other accessories.
  • Location: Paris VIIIème
  • Headcount 13 employees
  • 2019 revenues: 5,6 M€
  • Deadline for submitting bids:03/02/2021
sigmaphi reprise

Sigmaphi Electronics

Main features:

  • Business:  Manufacture of power electronics and radiofrequency equipment, mainly for particle physics research centres and industrialists offering integrated cancer treatment system solutions.
  • Location: Alsace
  • Headcount 38 employees
  • Company registration number: 790 183 719
  • 2019 revenue: 5,44 M€
  • Deadline for submitting bids: 19/02/2021
figeac aero reprise

Figeac Aéro Auxerre

Main features:

  • Business: Manufacturer of aeronautical parts (civil and military) and defence parts in aluminium and hard metals. Machining of aeronautical parts, milling, turning and machining centre.
  • Location: Yonne
  • Headcount 65 employees
  • Company registration number: 824 264 030
  • Deadline for submitting bids: 5 M€
nestor reprise livraison repas

Nestor

Main features:

  • Business: Digital catering platform with meal delivery.
  • Location: Levallois-Perret
  • Headcount 39 employees
  • Company registration number: 809 743 263
  • 2019 revenues: 3,77 M€
  • Deadline for submitting bids: 02/02/2021
fenetre reprise logis service

Logis Services

Main features:

  • Business: Carpentry work on multi-family housing sites and purchase order contracts (housing maintenance and upkeep).
  • Location: Rhône-Alpes
  • Headcount 26 employees
  • Company registration number: 380 431 098
  • 2019 revenues: 3,48 M€
  • Deadline for submitting bids: 23/02/2021
caffier barreau industries reprise

Caffier Barreau Industries (CBI)

Main features:

  • Business : Foundry, alloyed, unalloyed and special cast irons.
  • Location: Normandie
  • Headcount 19 employees
  • Company registration number : 452 710 593
  • 2019 revenues: 1,91 M€ – 2020 revenues (11 mounths) : 1,3 M€
  • Deadline for submitting bids: 21/01/2021
société nouvelle ACM reprise

Société Nouvelle ACM

Main features:

  • Business: Integrated mould maker with test centre.
  • Location: Les Monts d’Ardaine (61)
  • Headcount 15 employees
  • Company registration number: 504 015 736
  • 2020 revenues: 1,64 M€
  • Deadline for submitting bids: 03/02/2021
extracthive reprise

SAS Extracthive Chemical Products

Main features:

  • Business: Industrial chemical installations (freehold).
  • Location: Le Pont-de-Claix (38)
  • Headcount 5 employees
  • Company registration number: 834 637 704
  • 2019 revenues: 1,5 M€
  • Deadline for submitting bids: 15/02/2021
agence communication reprise

Communication agency

Main features:

  • Business: Communication agency – specialising in strategy, brand positioning and consulting
  • Location: Boulogne-Billancourt
  • Headcount 14 employees
  • 2019 revenues: 1,4 M€ – 2020 revenues: 1 M€
  • Deadline for submitting bids: 05/02/2021