News
28.05.2021Arnaud Pédron, Numa Rengot

Distressed acquisition opportunities – May 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).

Steel rail production

Main features:

  • Business: Steel rail production.
  • Location: Lorraine
  • Headcount 480 employees
  • Revenues: 250-300 M€
  • Deadline for submitting bids:  02/06/2021

Steel manufacturing

Main features:

  • Business: Steel production providing semi-finished products in conventional and special steels mainly for the rail, mechanical, oil and gas and automotive markets.
  • Location: Hauts-de-France
  • Headcount 268 employees
  • Revenues: 225-275 M€
  • Deadline for submitting bids:  02/06/2021

Alvance Aluminium Poitou

Main features:

  • Business: Casting activities of aluminum parts for the automotive industry.
  • Location: Ingrandes (Vienne)
  • Company registration number: 850 325 317
  • Headcount 281 employees
  • 2020 revenues: 34,9 M€
  • Deadline for submitting bids:  15/06/2021

Alvance Aluminium Wheels

Main features:

  • Business: Design and production of aluminum wheels for the automotive industry.
  • Company registration number: 840 244 719
  • Location: Diors (Indre)
  • Headcount 286 employees
  • 2020 revenues: 30 M€
  • Deadline for submitting bids:  15/06/2021

Alvance Foundery Poitou

Main features:

  • Business: Foundry activities for the manufacture of engine blocks for the automotive industry.
  • Company registration number: 850 325 077
  • Location: Ingrandes (Vienne)
  • Headcount 292 employees
  • 2020 revenues: 21,7 M€
  • Deadline for submitting bids:  15/06/2021

Construction and realization of individual houses

Main features:

  • Business: Activity of construction and realization of individual houses of 100m2 livable.
  • Location: Rhône-Alpes
  • Headcount 31 employees
  • 2020 revenues: 18 M€ – 2019 revenues: 24,95 M€ – 2018 revenues: 15,65 M€
  • Deadline for submitting bids:  21/06/2021

Leading aeronautical subcontractor, specialized in the assembly of complex aerostructures and in MRO.

Main features:

  • Business: Leading aeronautical subcontractor, specialized in the assembly of complex aerostructures and in MRO.
  • Headcount 115 employees
  • 2020 revenues: 9 M€ – 2019 revenues: 12 M€
  • Deadline for submitting bids:  21/05/2021

SAS Satma PPC

Main features:

  • Business: Manufacture of anodes for the production of electrolytic capacitors. The production is ensured by the continuous electrochemical treatment of aluminium foils.
  • Location: Goncelin (Isère)
  • Headcount 48 employees
  • Company registration number: 503 053 241
  • 2019 revenues: 11,8 M€ – 2018 revenues: 11,7 M€
  • Deadline for submitting bids:  15/06/2021

Metal curtains

Main features:

  • Business: Company in the trade of tubes for blinds, roller shutters and metal curtains; manufacturing of metal curtains.
  • Location: Toulon (Var)
  • Headcount 21 employees
  • 2020 revenues: 3 ,6 M€ – 2019 revenues:7,36 M€
  • Deadline for submitting bids: 15/06/2021

Airways College

Main features:

  • Business: School for professional and airline pilots on 4 sites located in Agen, Cholet, Nîmes and Melun.
  • Location: Estillac (Lot-et-Garonne)
  • Company registration number: 414 890 665
  • Headcount 63 employees
  • 2020 revenues: 5,4 M€ – 2019 revenues: 5,1 M€
  • Deadline for submitting bids: 01/06/2021

Vannier Tri Solutions

Main features:

  • Business: Company that designs, markets and installs machines and complete sorting lines for waste, especially biodegradable waste.
  • Location: Peronne (Somme)
  • Company registration number: 750 673 030
  • Headcount 5 employees
  • 2020 revenues: 2,45 M€ – 2019 revenues: 3,7 M€
  • Deadline for submitting bids:  18/06/2021

Custom-made furniture

Main features:

  • Business: Design and manufacture of made-to-measure furniture for the fitting out of surfaces, mainly for professional use (90% of turnover) and marginally for private customers.
  • Location: Métropole lilloise (Nord-Pas-de-Calais)
  • Headcount 25 employees
  • Potential 2021 revenues: : 2,67 M€ – 2020 revenues: 1,1 M€
  • Deadline for submitting bids: 15/06/2021

Production of metal molds

Main features:

  • Business: Production of metal molds for plastic injection intended for the manufacture of high-end products specialized in perfumery, make-up, food packaging and medical products.
  • Location: Val d’Oise
  • Headcount 21 employees
  • 2020 revenues: 1,64 M€
  • Deadline for submitting bids:  15/06/2021

Electrical equipment

Main features:

  • Business: Electrical equipment: strong and weak currents.
  • Location: Bassin nantais (Loire-Atlantique)
  • Headcount 11 employees
  • 2020 revenues: 1,3 M€
  • Deadline for submitting bids:  11/06/2021

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Software publishing company

Main features:

  • Business: Software publishing company / computer programming (Start up).
  • Location: Paris
  • Headcount 12 employees
  • Potential 2020/2021 revenues: 700 K€
  • Deadline for submitting bids:  28/05/2021

Architectural company

Main features:

  • Business: Architectural firm specialized in the construction of public sports facilities.
  • Location: Paris
  • Headcount 7 employees
  • 2020 revenues: 700 K€
  • Deadline for submitting bids:  28/05/2021

Bubble

Main features:

  • Business: Media and software development.
  • Location: Bassin nantais (Loire-Atlantique)
  • Headcount 5 employees
  • Company registration number: 822 020 798
  • 2020 revenues: 31,4 K€ – 2019 revenues: 304 K€
  • Deadline for submitting bids:  02/06/2021

Agatha

Main features:

  • Business: Several businesses selling jewelry items.
  • Deadline for submitting bids:  25/05/2021