News
05.04.2022Arnaud Pédron, Numa Rengot

Distressed acquisition opportunities – April 2022

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).

 

Food and beverage

Main features:

  • Business: Food and beverage (fresh market, grocery shop, cellar, bakery, restaurant).
  • Location: Paris
  • Headcount 150 employees
  • 2021 revenues: 11,5 M€
  • Deadline for submitting bids: 20/04/2022
fenetre reprise logis service

PVC carpentry

Main features:

  • Business: Manufacture and marketing of PVC joinery.
  • Location: Roncq (Nord)
  • Headcount 30 employees
  • 2021 revenues: 6,5 M€
  • Deadline for submitting bids: 30/04/2022

General construction company

Main features:

  • Business : General building company, masonry, reinforced concrete, painting, tiling.
  • Location: Val-de-Marne
  • Headcount 28 employees
  • 2019 revenues: 20 M€ – 2020 revenues: 5,64 M€
  • Deadline for submitting bids: 08/04/2022

HVAC thermal equipment and water analysis

Main features:

  • Business: Installation and maintenance of HVAC thermal equipment and water analysis. Group of 4 companies.
  • Location: Ile-de-France
  • Headcount 47 employees
  • 2021 revenues entity 1 (maintenance) : 4,46 M€ – 2021 revenues entity 2 (HVAC installation) : 385 K€ – 2021 revenues entity 3 (holding) : 842 K€ – 2021 revenues entity 4 (water treatment – in bonis) : 92 K€
  • Deadline for submitting bids: 22/04/2022

Security and guarding

Main features:

  • Business: Security and guarding – Clientele: Professionals in the industrial, service, retail and event sectors.
  • Location: Rennes (headquarters and 4 agencies), Angoulême and Dax
  • Headcount 174 employees
  • 2020 revenues: 3,75 M€
  • Deadline for submitting bids: 11/04/2022

Retail, stationery, office supplies

Main features:

  • Business: Retail, stationery, office supplies.
  • Location: Paris and Hauts-de-Seine
  • Headcount 15 employees
  • 2019 revenues: 2,38 M€ – 2020 revenues: 2,46 M€
  • Deadline for submitting bids: 07/04/2022

Technica Industries

Main features:

  • Business: Maintenance of electromechanical installations in electricity production plants in France and abroad.
  • Location: Avignon (Vaucluse)
  • Headcount 31 employees
  • Company registration number : 443 327 499
  • 2021 revenues: 1,44 M€
  • Deadline for submitting bids: 15/04/2022

A.C.E.I.

Main features:

  • Business: Engineering office, manufacturing, special machines, metrology, maintenance, industrial installations.
  • Location: Pyrénées Atlantiques
  • Headcount 18 employees
  • Company registration number: 485 240 493
  • 2021 revenues: 1,3 M€
  • Deadline for submitting bids: 25/04/2022

WIIDII

Main features:

  • Business: Development and marketing in France and abroad of personal assistance services for individuals and professionals using technological products combining artificial and human intelligence.
  • Location: Bordeaux (Gironde)
  • Headcount 30 employees
  • Company registration number: 803 025 972
  • 2021 revenues : 398 K€
  • Deadline for submitting bids: 11/04/2022