News
18.11.2022Arnaud Pédron, Numa Rengot

Distressed acquisition opportunities – November 2022

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).

 

Place du marché

Main features:

  • Business: Leader in home delivery of food shopping (frozen, fresh, groceries). Sales by phone and online.
  • Location: Civrieux d’Azergues (Rhône)
  • Company registration number: 880 162 151
  • Headcount 1598 employees
  • 2022 revenues: 164,5 M€
  • Deadline for submitting bids : 13/12/2022

Industrial glassware

Main features:

  • Business: Industrial glassware supplying the automotive sector, water meter covers, optical lenses for construction sites, solar lenses and special glassware.
  • Location: Eure
  • Headcount 240 employees
  • 2021 revenues: 25,5 M€
  • Deadline for submitting bids: 12/12/2022

Eismann France

Main features:

  • Business: Sales and home delivery under the Eismann franchise agreement of mainly frozen food products.
  • Location: Saint Jean du Cardonnay (Seine-Maritime)
  • Company registration number: 880 167 630
  • Headcount 211 employees
  • 2022 revenues: 24,5 M€
  • Deadline for submitting bids: 13/12/2022

Design and manufacture of electromagnetic retarders

Main features:

  • Business: Design and manufacture of electromagnetic retarders for industrial vehicles and public transport.
  • Location: Siège : Val d’Oise – Filiales et succursales : France & International
  • Headcount 100 employees
  • 2021 revenues: 22 M€
  • Deadline for submitting bids: 02/12/2022

SAS Synthexim

Main features:

  • Business: Manufacture of basic organic chemicals.
  • Location: Calais (Pas-de-Calais)
  • Company registration number: 414 4429 96
  • Headcount 121 employees
  • 2022 revenues (6 months) : 8 M€ – 2021 revenues: 13,47 M€
  • Deadline for submitting bids: 15/12/2022

Touparlog

Main features:

  • Business: Transport and logistics services (Groupe Place du Marché).
  • Location: Civrieux d’Azergues(Rhône)
  • Company registration number: 880 162 805
  • Headcount 39 employees
  • 2022 revenues: 10,1 M€
  • Deadline for submitting bids: 13/12/2022

Primar France Group

Main features:

  • Business: Primar France: Import-export of fruits and vegetables.
    SAS PM : Warehousing, logistics and handling.
  • Location: Perpignan (Pyrénées Orientales)
  • Company registration number: 399 103 498
  • Headcount : Primar France : 7 employees – SAS PM : 8 employees
  • 2022 revenues : Primar France : 9,4 M€ – 2021 revenues: Primar France : 9,7 M€ – SAS PM : 267 K€
  • Deadline for submitting bids: 09/12/2022

Antesite & Noirot

Main features:

  • Business: Manufacture, purchase and sale of beverages, in particular liquorice ultraconcentrates and plant concentrates under the Antesite & Noirot brands. Extraction services.
  • Location: Coublevie (Isère)
  • Company registration number: 377 716 170
  • Headcount 26 employees
  • 2022 revenues: 6,4 M€
  • Deadline for submitting bids: 15/12/2022
retail reprise

Women’s ready-to-wear brand

Main features:

  • Business: Women’s ready-to-wear brand, creation and sale of women’s clothing and accessories.
  • Headcount 25 employees
  • 2022 revenues: 5,7 M€
  • Deadline for submitting bids: 30/11/2022
fenetre reprise logis service

Aluminium carpentry and metalwork

Main features:

  • Business: Design office, manufacture and installation of aluminum joinery and metalwork.
  • Location: Occitanie et Rhône-Alpes
  • Headcount: Less than 50 employees
  • 2021 revenues: 3 M€
  • Deadline for submitting bids: 30/11/2022

Boilermaking and industrial sheet metal work

Main features:

  • Business: Boilermaking and industrial sheet metal work: manufacture of parts for large monobloc industrial silos and heat exchangers for nuclear power plants.
  • Location: Headquarters: Seine-Saint-Denis – Facility: Eure-et-Loir
  • Headcount 28 employees
  • 2022 revenues: 2,2 M€ – 2021 revenues: 1,6 M€
  • Deadline for submitting bids: 21/11/2022

Moving floors for pools

Main features:

  • Business: Marketing, distribution, import, export of movable floors for swimming pools, as well as all materials, products, accessories including connected ones.
  • Location : Aix-en-Provence (Bouches-du-Rhône)
  • Headcount 17 employees
  • 2021 revenues: 1,7 M€
  • Deadline for submitting bids: 02/12/2022

Manufacturing by rotomolding

Main features:

  • Business: Manufacture by rotational molding, assembly and finishing of plastic parts, as a subcontractor for clients operating in various markets: environment, industrial equipment, sanitation, etc.
  • Location: Puy-de-Dôme
  • Headcount 15 employees
  • 2022 revenues: 1,4 M€ – 2021 revenues: 1,6 M€
  • Deadline for submitting bids: 02/12/2022

Biotechnology research and development

Main features:

  • Business: Biotechnology research and development.
  • Location: Marseille (Bouches-du-Rhône)
  • Headcount 9 employees
  • 2021 revenues: 1,4 M€ – 2020 revenues: 2,5 M€
  • Deadline for submitting bids: 21/11/2022

Industrial maintenance

Main features:

  • Business: Industrial maintenance: preparation of machines and mechanical equipment, in the sectors of boiler making, mechanical welding, piping, mechanics, machining, automation and maintenance of production lines.
  • Location: Siège – Seine-Saint-Denis et établissement – Seine-Maritime
  • Headcount 19 employees
  • 2022 revenues: 1,1 M€ – 2021 revenues: 3,2 M€
  • Deadline for submitting bids: 21/11/2022