News
20.09.2024Arnaud Pédron, Laura Bavoux, Numa Rengot

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).

 

Vencorex France

Main features:

  • Business: Production of salt, chlorine, soda and hydrogen, followed by the production of aliphatic isocyanates and their derivatives for industrial paints and coatings
  • Location: Saint-Priest, Saint-Fons, Pont de Claix and Hauterives
  • Company registration number: 444 187 884
  • 2023 revenues: 209 M€
  • Headcount 464 employees
  • Deadline for submitting bids: 17/10/2024

Sopronem

Main features:

  • Business: Design, manufacture and marketing of cleaning products and liquid detergents
  • Location: Saint-Pierre-Lès-Nemours (Seine-et-Marne)
  • Company registration number: 814 762 548
  • 2023 revenues: 42 M€ – 2022 revenues: 41 M€
  • Headcount 101 employees
  • Deadline for submitting bids: 19/09/2024

AMC42

Main features:

  • Business: Production of mechanical parts and sub-assemblies by machining, from prototypes to medium-sized industrial production runs
  • Location: Cinvens (Loire)
  • Company registration number: 479 358 160
  • 2023 revenues: 7,54 M€ – 2022 revenues: 7,33 M€ – 2021 revenues: 6,15 M€
  • Headcount 34 employees
  • Deadline for submitting bids: 25/09/2024

Transport of goods and waste for the construction industry

Main features:

  • Business: Transport of goods and waste for the construction industry
  • 2023 revenues: 5,3 M€
  • Headcount 44 employees
  • Deadline for submitting bids: 30/09/2024

Bluedigo

Main features:

  • Business: Market place for second-hand and reconditioned office furniture
  • Location: Paris
  • Company registration number: 852 433 143
  • 2023 revenues: 4,25 M€ – 2022 revenues: 3,8 M€ – 2021 revenues: 1,77 M€
  • Headcount 10 employees
  • Deadline for submitting bids: 27/09/2024

Chai 33

Main features:

  • Business: Restaurant comprenant 2 terrasses, un bistro, un restaurant, un bar et 200 m2 de cave à vin
  • Location: Paris
  • Company registration number: 438 488 058
  • CA 2023 : 3,7 M€
  • Headcount 52 employees
  • Deadline for submitting bids: 30/09/2024

Atelier des Saveurs

Main features:

  • Business: BtoB industrial bakery for local authorities, companies, school catering and health establishments
  • Location Pierre-Bénite (Rhône-Alpes)
  • RCS : 490 246 063
  • 2024 revenues: 3,5 M€
  • Headcount 36 employees
  • Deadline for submitting bids: 07/10/2024

Creation and maintenance of telephone and Internet networks

Main features:

  • Business: Creation and maintenance of telephone and Internet networks
  • Location: Dordogne
  • 2023 revenues: 2,38 M€
  • Headcount 42 employees
  • Deadline for submitting bids: 03/10/2024

Clickon

Main features:

  • Business: Provision of a SAAS solution for measuring, analysing and amplifying the digital impact of TV and VOD advertising
  • Location: Paris
  • Company registration number: 533 565 040
  • 2023 revenues: 2,03 M€
  • Headcount 21 employees
  • Deadline for submitting bids: 07/10/2024
service à la personne

Personal services

Main features:

  • Business: Personal services authorised by the departmental council under a national brand name
  • Location: Nîmes (Gard)
  • 2023 revenues: 1,06 M€
  • Headcount 44 employees
  • Deadline for submitting bids: 15/10/2024

Retail laundries

Main features:

  • Business: Retail laundries
  • 2022 revenues: 554 K€
  • Headcount 10 employees
  • Deadline for submitting bids: 19/09/2024

Acticor Biotech

Main features:

  • Business: Development of an innovative drug for the treatment of cardiovascular emergencies and acute thrombotic diseases
  • Location: Paris
  • Company registration number: 798 483 285
  • Headcount 17 employees
  • Deadline for submitting bids: 15/10/2024