immeuble-franklin

Distressed acquisition opportunities – September 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 RengotLaura Bavoux 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).

Design and manufacture of production equipment

Main features:

  • Business: Design and manufacture of production equipment, industrial product development, engineering services, 3D computer graphics, digital media and virtual reality
  • Location: Amboise (Indre-et-Loire) and Cholet (Maine-et-Loire)
  • 2023 revenues: 16 M€ (Group consolidated revenue: 24 M€)
  • Headcount: 124 employees (Group: 190 employees)
  • Deadline for submitting bids: 23/09/2024
transport routier

Road transport

Main features:

  • Business: Intercity road freight transport and logistics
  • Location: Landes
  • 2023 revenues: 13,4 M€
  • Headcount 93 employees
  • Deadline for submitting bids: 27/09/2024

Castel

Main features:

  • Business: Design and marketing of bulk processing systems for the agricultural, mining and port industries
  • Location: Finistère
  • Company registration number: 926 750 076
  • 2023 revenues: 9,8 M€
  • Headcount 55 employees
  • Deadline for submitting bids: 25/09/2024

Robotic welding solutions

Main features:

  • Business: Production of robotic welding solutions (SR, Mig/Mag), modular gripping hands, spare parts, maintenance
  • Location: Indre-et-Loire (production) and Seine-et-Marne (offices)
  • 2023 revenues: 7,2 M€ – 2022 revenues: 6,6 M€
  • Headcount 36 employees
  • Deadline for submitting bids: 27/09/2024

Eurosol Fondations

Main features:

  • Business : Special foundation work using micropiles, injections and tie rods
  • Location: Santeny (Val-de-Marne)
  • Company registration number: 899 827 042
  • 2023 revenues: 5,8 M€
  • Headcount 19 employees
  • Deadline for submitting bids: 23/09/2024

Boilermaking and industrial mechanics

Main features:

  • Business: Boilermaking and industrial (production) mechanics
  • Location: Gironde
  • 2023 revenues: 5,7 M€
  • Headcount 55 employees
  • Deadline for submitting bids: 04/10/2024

SARL Melobri

Main features:

  • Business: Supermarket – General food
  • Location: Les Mages (Gard)
  • Company registration number: 428 128 326
  • 2023 revenues: 4,7 M€
  • Headcount 7 employees
  • Deadline for submitting bids: 30/09/2024
transport routier

Transports Grenin

Main features:

  • Business: Long and short-distance interurban road freight transport
  • Location: Nièvre
  • Company registration number: 304 487 770
  • 2023 revenues: 2,4 M€ – 2022 revenues: 2,7 M€
  • Headcount 20 employees
  • Deadline for submitting bids: 30/09/2024
service à la personne

Individualised, sustainable mobility solutions for disadvantaged people

Main features:

  • Business: An association whose aim is to research and implement individualised, sustainable mobility solutions for the most disadvantaged residents of Essonne
  • Location: Essonne
  • 2023 revenues: 2,1 M€
  • Headcount 36 employees
  • Deadline for submitting bids: 30/09/2024

Restaurant

Main features:

  • Business: 1 holding company and 2 companies each operating a restaurant
  • Location: Paris
  • 2023 revenues: Restaurant 1 : 1,7 M€ – Restaurant 2 : 1,9 M€ – CA 2022 :  Restaurant 1 : 1,9 M € – Restaurant 2 : 1 ,5 M€
  • Headcount 21 employees
  • Deadline for submitting bids: 23/09/2024

Design, manufacture, installation and on-site maintenance of terminals

Main features:

  • Business: Design, manufacture, installation and on-site maintenance of VHF/UHF terminals and software for prison security networks and DATI/PTI systems
  • Location: Nancy (Meurthe-et-Moselle)
  • 2023 revenues: 1,4 M€ – 2022 revenues: 720 K€ – 2021 revenues: 1,4 M€
  • Headcount 8 employees
  • Deadline for submitting bids: 04/10/2024

Nurseries

Main features:

  • Business: Company 1: Operation of 7 nurseries in the Rhône-Alpes region – Company 2: Operation of 2 nurseries
  • Location: Rhône-Alpes
  • 2023 revenues: Company 1 : 1,4 M€ – Company 2 : 385 K€
  • Headcount: Company 1 : 41 employees- Company 2 : 10 employees
  • Deadline for submitting bids: 11/10/2024

Lejeune

Main features:

  • Business: Painting and decorating, floor and wall coverings
  • Location: Nantes (Loire-Atlantique)
  • Company registration number: 315 082 818
  • 2023 revenues: 1,3 M€
  • Headcount 11 employees
  • Deadline for submitting bids: 04/10/2024

Call centre

Main features:

  • Business: Teleassistance with integrated call centre – 17,000 subscribers
  • Location: Marseille (Bouches-du-Rhône)
  • 2023 revenues: 1,2 M€ – 2022 revenues: 1,1 M€ – 2021 revenues: 1,1 M€
  • Headcount 18 employees
  • Deadline for submitting bids: 04/10/2024