News
Arnaud Pédron, Laura Bavoux, Numa Rengot

Distressed acquisition opportunities – November 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).

General construction company

Main features:

  • Business: General building contractor offering a comprehensive range of services for the creation and renovation of spaces and buildings in the hotel, tertiary, hospital, school and industrial sectors, with a nationwide remit
  • Location: Limoges (Haute Vienne), Nantes (Loire Atlantique), Lyon (Rhône Alpes) and  Argenteuil (Val d’Oise)
  • 2023 revenues: 21,6 M€ – 2022 revenues: 28,6 – 2021 revenues: 26,8 M€
  • Headcount 104 employees
  • Deadline for submitting bids: 19/11/2024

Pharmaceutical group (5 companies)

Main features:

  • Business: Assisting pharmaceutical and cosmetics laboratories in understanding and resolving quality, analytical, regulatory and marketing issues
  • Location: Hauts-de-Seine
  • 2023 revenues: 12 M€ (dont 5,8 M€ de CA exceptionnel)
  • Headcount 54 employees across the 5 companies
  • Deadline for submitting bids: 19/11/2024

IT engineering services

Main features:

  • Business: IT engineering services
  • Location: Hauts-de-Seine
  • 2023 revenues: 8 M€
  • Headcount 87 employees
  • Looking for investors

Interior design

Main features:

  • Business: Manufacture and sale of interior fittings, mainly for shops, offices, hotels and restaurants, tourist residences, and all types of joinery
  • Location: Britanny area
  • 2023 revenues: 4 M€ – 2022 revenues: 5 M€ – 2021 revenues: 5,4 M€
  • Headcount 28 employees
  • Deadline for submitting bids: 19/11/2024

Digital services for key accounts

Main features:

  • Business: Digital services for key accounts
  • 2023 revenues: 2,8 M€ – 2022 revenues: 3,3 M€ – 2021 revenues: 2,6 M€
  • Headcount 28 employees and 9 freelances
  • Deadline for submitting bids: 19/11/2024

Mould making – Foundry

Main features:

  • Business: Sand-cast aluminium alloy moulding work, foundry
  • Location: Rhône
  • Revenues from 01/08/23 to 31/07/24: 2,7 M€ – 2023 revenues: 2,5 M€ – 2022 revenues: 2,3 M€
  • Headcount 21 employees
  • Deadline for submitting bids: 06/12/2024

Poietis

Main features:

  • Business: Medical technology specialising in the development of bioprinting solutions for biological tissue, marketing a range of bioprinters available in 2 versions, development of the first autologous bioprinted dermo-epidermal substitute.
  • Location: Gironde
  • Company registration number: 804 776 797
  • 2023 revenues: 2,3 M€
  • Headcount 19 employees
  • Deadline for submitting bids: 15/11/2024

Boulangerie Rosa

Main features:

  • Business: 4 bakeries and pastry shops
  • Location: Bellegarde-sur-Valserine (Ain)
  • Company registration number: 820 685 840
  • 2024 revenues: 1,6 M€ – 2023 revenues: 1,4 M€
  • Headcount 22 employees
  • Deadline forsubmitting bids: 13/12/2024

Domino’s pizza

Main features:

  • Business: Business assets for fast-food restaurants under the ‘Domino’s pizza’ banner
  • Location: Orly (Val de Marne)
  • 2023 revenues (18 months) : 488 K€
  • Headcount 6 employees
  • Deadline for submitting bids: 12/12/2024

Fleasy

Main features:

  • Business: Creation of a fast helicopter with zero CO2 and NOx emissions, capable of carrying 5 passengers
  • Location: Vouvray (Indre et Loire)
  • Company registration number: 840 998 249
  • Headcount 2 employees
  • Deadline for submitting bids: 04/11/2024