News
15.11.2023Arnaud Pédron, Numa Rengot

Distressed acquisition opportunities – November 2023

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).

ProBikeShop

Main features:

  • Business: Dolphin France : Sale of bicycles, accessories and cycle parts in France and abroad via website
    E-Procall : Customer service / call centre
  • Location: Lyon (Rhône)
  • Company registration number: Dolphin France : 408 364 644 – E-Procall : 801 457 672
  • 2023 revenues: Dolphin France : 54,9 M€ – E-Procall : 1,7 M€ – 2022 revenues: Dolphin France : 142 M€
  • Headcount: Dolphin France : 66 employees – E-Procall : 17 employees
  • Deadline for submitting bids: 01/12/2023

Intermarché

Main features:

  • Business: Retail business under the Intermarché banner and petrol station
  • Location: Evreux (Eure)
  • 2022 revenues: 16 M€ – 2021 revenues: 18 M€
  • Headcount 40 employees
  • Deadline for submitting bids: 15/11/2023

Ducastel – Seman

Principales caractéristiques :

  • Business: Sales and repairs of tractors and agricultural machinery
  • Location: Seine Maritime
  • Company registration number: Ducastel : 392 753 513 – Seman : 479 262 396
  • 2021/2022 revenues: Ducastel : 7,18 M€ – Seman : 4,47 M€
  • Effectif : Ducastel : 29 salariés – Seman : 8 salariés
  • Deadline for submitting bids: 30/11/2023

CM Opéra

Main features:

  • Business: Health centre approved by the French social security system: general medicine, dentistry and radiology, as well as a sampling and care centre
  • Location: Paris (Ile-de-France)
  • 2022 revenues: 8,84 M€
  • Headcount 130 employees
  • Deadline for submitting bids: 21/11/2023

Schmitt TP

Main features:

  • Business: Earthworks, development, demolition, decontamination
  • Location: Betton (Ille-et-Vilaine)
  • Company registration number: 404 089 930
  • 2023 revenues: 8,4 M€ – 2022 revenues: 8,27 M€
  • Headcount 41 employees
  • Deadline for submitting bids: 15/12/2023

Etablissements de la Boisserolle

Main features:

  • Business: Manufacture of plywood panels.
  • Location : Prissé (Saône-et-Loire)
  • Company registration number: 685 450 322
  • 2023 revenues: 3,4 M€ – 2022 revenues: 5,6 M€ – 2021 revenues: 4,3 M€
  • Headcount 30 employees
  • Deadline for submitting bids: 18/12/2023

Organisation of trips (“in bonis” company)

Main features:

  • Business: Organisation of adapted trips for mentally handicapped people with good to moderate independence.
  • Location: Val d’Oise et Loire
  • 2021/2022 revenues: 3,26 M€
  • Headcount 4 employees
  • Deadline for submitting bids: 01/12/2023

Advice on promotional management

Main features:

  • Business: Advice on promotional management.
  • Location: Marseille (Bouches-du-Rhône)
  • 2022 revenues: 2,2 M€
  • Headcount 14 employees
  • Deadline for submitting bids: 27/11/2023

Laiye (Mindsay)

Main features:

  • Business: IT services, development of a customer service automation platform, through the creation, maintenance and analysis of intelligent conversational assistants.
  • Location: Paris (Ile-de-France)
  • Company registration number: 822 349 288
  • 2022 revenues: 1,7 M€ – 2021 revenues: 1,45 M€ – 2020 revenues: 1,5 M€
  • Headcount 20 employees
  • Deadline for submitting bids: 15/12/2023

Production and marketing of wine-related connected objects

Main features:

  • Business: Production and marketing of wine-related connected objects.
  • 2022 revenues: 1,6 M€
  • Headcount 12 employees
  • Deadline for submitting bids: 11/12/2023