Distressed acquisition opportunities – December 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).

Phyto Service

Main features:

Business: Provision of all phytopharmaceutical ranges and bio controls, agronomic, agro biological and agro environmental analysis on request, provision of professional products for irrigation and various materials, provision of a range of animal feed and hygiene of premises, grain brokerage on request, assistance in setting up the viticulture cycle, distribution of a wide range of spare parts, all brands or adaptable, agricultural software for optimizing farm management, expertise service for adjusting sprayers and managing phytosanitary effluents, decision support tools, agronomic remote sensing by drone.
Company registration number: 316 404 011
Location: Maves (Loir-et-Cher)
Headcount 69 employees
2020 revenues: 41,49 M€
Deadline for submitting bids: 10/01/2022

MVM Logistique France

Main features:

Business: Company specialized in industrial packaging with a double activity: storage/warehousing/supply management; industrial wood packaging for export.
Company registration number: 350 299 699
Location: Head office based in Meyzieu with a dozen establishments throughout France: Béligneux, Aoste, Le Creusot, Ris Orangis, Vecqueville, Oudalle, Le Havre, Nantes, Aix les Bains, Reichstett, Cambrai, Sandouville.
Headcount 124 employees
2020 revenues: 20 M€
Deadline for submitting bids: 14/01/2022

Groupe SGI surveillance

Main features:

Business: Guarding and security services for private and public sites.
Company registration number: 794 169 797
Location: Holding : Montpellier ; SGI IDF : Ile-de-France et Nord ; SGI SUD : Nouvelle-Aquitaine, Sud-Est et Rhône-Alpes ; SGI GRAND EST : Nord-Est de la France.
Headcount 813 employees
2020 revenues: 15 M€
Deadline for submitting bids: 28/01/2022

SIBIRIL Technologies

Main features:

Business: Shipbuilding.
Company registration number: 531 853 612
Location: Carantec (Finistère)
Headcount 20 employees
31/03/2021 revenues : 3,22 M€
Deadline for submitting bids: 10/01/2022

Alarm and security

Main features:

Business: Design – Marketing of protection equipment, alarms and all electronic systems.
Location: Eure-et-Loir
Headcount 28 employees
31/3/2021 revenues: 2,96 M€
Deadline for submitting bids: 31/01/2022

KOL

Main features:

Business: Start-up with the objective, in France and abroad, of buying, taking away, delivering and distributing groceries and daily essentials via an internet and smartphone application.
Company registration number: 812 453 819
Location: Saint Ouen (Seine-Saint-Denis)
Headcount 17 employees
30/06/2020 revenues: 2,65 M€
Deadline for submitting bids: 05/01/2022

Private security guarding

Main features:

Business: Private security guarding.
Location: Charente
Headcount 68 employees
2020 revenues: 2,03 M€
Deadline for submitting bids: 17/01/2022

Handling and transport of machines and goods

Main features:

Business: Handling, lifting, craning and transport of all devices, mechanical machines and industrial materials as well as public transport of goods.
Headcount 14 employees
Location: Gironde
31/3/2020 revenues : 1,67 M€
Deadline for submitting bids: 23/12/2021