immeuble Franklin

Distressed acquisition opportunities – February 2024

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).

Metallurgy company

Main features:

  • Business: Metallurgy company, French specialist in welded stainless steel tubes for the fluid transport industry
  • Location: Grand-Est (Meuse)
  • 2022 revenues: 43,2 M€ – 2021 : 39,5 M€ revenues – 2020 revenues: 32 M€
  • Headcount 92 employees, including Cofrend-certified line drivers
  • Deadline for submitting bids: 22/03/2024

BTTP

Main features:

  • Business: General construction company
  • Location: Moûtiers (Savoie)
  • Company registration number: 495 351 660
  • Headcount 30 employees
  • 2023 revenues: 24 M€
  • Deadline for submitting bids: 28/03/2024

Manufacture, production, purchase and sale of chemical products

Main features:

  • Business: Manufacture, production, purchase and sale of chemical products (nitrates)
  • Location: La Voulte-sur-Rhône (Ardèche)
  • 2023 revenues: 8,8 M€
  • Headcount 30 employees
  • Deadline for submitting bids: 15/03/2024

Cadence Industrie

Main features:

  • Business: Study, design, manufacture, treatment, processing and marketing of all parts or assemblies of parts in plastic or composite materials
  • Location: Nœux-les-Mines (Pas-de-Calais)
  • Company registration number: 493 964 423
  • 2023 revenues (project) : 8,3 M€ – 2022 revenues: 7,3 M€
  • Headcount 67employees
  • Deadline for submitting bids: 15/03/2024

S2IA – Fibre installation service provider

Main features:

  • Business : A company providing network engineering, installation and maintenance services to telecommunications groups in the Île-de-France, Hautes-Pyrénées, Ariège, Haute-Garonne, Charente and Finistère regions.
  • Location: Montreuil (Seine-Saint-Denis)
  • Company registration number: 528 702 004
  • 2023 revenues (project): 7,5 M€
  • Headcount 45 employees
  • Deadline for submitting bids: 29/03/2024

Group of companies

Main features:

  • Business: Sales to private individuals and professionals, installation and maintenance of solar and photovoltaic equipment, heat pumps, thermodynamic water heaters, etc.
  • Location: Alpes de Haute Provence
  • 2023 revenues: 7,1 M€
  • Deadline for submitting bids: 07/03/2024
service à la personne

Home help

Main features:

  • Business: Home help for the elderly and disabled (SAAD) in Northern Isère
  • Location: Vienne (Isère)
  • 2022 revenues: 4,7 M€ – 2021 revenues: 4,9 M€
  • Headcount 154 employees
  • Deadline for submitting bids: 19/03/2024

Vallon Faure

Main features:

  • Business: All work relating to the creation, erection, fitting out, renovation and repair of all timber-frame constructions, joinery, cabinet-making, carpentry and the sale of articles relating to woodworking.
  • Location: Bourg-de-Péage (Drôme)
  • Company registration number: 348 379 736
  • Headcount 18 employees
  • 2022 revenues: 4,6 M€ – 2021 revenues: 3,4 M€ – 2020 revenues: 3,8 M€
  • Deadline for submitting bids: 04/03/2024

Charcuterie artisanale du pays gallo (CAPG)

Main features:

  • Business: Traditional production of cooked and dry charcuterie
  • Location: Carentoir (Morbihan)
  • 2022 revenues: 2,3 M€
  • Headcount 19 employees
  • Deadline for submitting bids: 11/03/2024

Men’s streetwear

Main features:

  • Business: Men’s streetwear aimed at 20-35 year olds
  • Location: 5 shops located in shopping centres in Sevran (93), Epinay (93), Evry 2 (91), Sartrouville (78) and Bois Sénart (77)
  • 2022 revenues: 2 M€ – 2021 revenues: 1,9 M€ – 2020 revenues: 1,9 M€
  • Headcount 19 employees on permanent contracts, including 17 in shops and 2 in administration
  • Deadline for submitting bids: 15/03/2024

ABJ Rueil – Enseigne Hippopotamus

Main features:

  • Business: Traditional restaurants under the Hippopotamus banner (franchise)
  • Location: Rueil-Malmaison (Hauts-de-Seine)
  • 2023 revenues (project) : 1,4 M€ – 2022 revenues: 1,5 M€
  • Headcount 24 employees
  • Deadline for submitting bids: 01/03/2024