News
24.04.2024Arnaud Pédron, Numa Rengot

Distressed acquisition opportunities – April 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).

The Body Shop France

Main features:

  • Business: Marketing of ‘The Body Shop’ products (creams, perfumes, make-up, etc.) in France.
    Location: Network of 51 points of sale, including 13 boutiques in the Paris region and 38 boutiques outside Paris, 6 franchisees, and B2B (online retailers and sales events)
  • 2023 revenues (project): 24,6 M€ – 2022 revenues: 27,6 M€
  • Headcount (2024): 259 employees (227 permanent, 12 fixed-term, 17 part-time and 3 trainees)
  • Deadline for submitting bids: 03/05/2024

Deployment of the fibre-optic network

Main features:

  • Business: Deployment of the fibre-optic network. External works – ENEDIS – Lighting
  • 2023 revenues: 13 M€
  • Headcount 49 employees
  • Deadline for submitting bids: 24/05/2024

Industrial group specialising in events

Main features:

  • Business: Industrial group specialising in events (decor and signage for commercial buildings, plastic joinery, large-format printing).
  • Location: Stains (Seine-Saint-Denis)
  • 2023 revenues (project) : 11,5 M€ – 2022 revenues : 11,7 M€ – 2021 revenues: 7,3 M€ – 2020 revenues : 6,3 M€
  • Headcount 93 employees
  • Deadline for submitting bids: 13/05/2024

Warmango

Main features:

  • Business: Marketplace for building professionals
  • CA 2023 : 7,9 M€ – CA 2022 : 7,4 M€ – CA 2021 : 3,2 M€
  • RCS : 813 899 093
  • Headcount 42 employees
  • Deadline for submitting bids: 10/05/2024

My American Market

Main features:

  • Business: A long-standing EU player in the import of food products from the USA and Asia
  • 2023 revenues: 6,4 M€ – 2022 revenues: 13 M€
  • Company registration number: 511 884 462
  • Headcount 24 employees
  • Deadline for submitting bids: 30/04/2024

Agricultural equipment trade

Main features:

  • Business: Agricultural equipment trade
  • Location: Aisne
  • 2023 revenues (project) : 5,6 M€
  • Headcount 2 employees
  • Deadline for submitting bids: 15/05/2024

Boilermaking and industrial (production) mechanics

Main features:

  • Business: Boilermaking and industrial (production) mechanics
  • Location: Gironde
  • 2023 revenues: 5,7 M€
  • Headcount 44 employees
  • Deadline for submitting bids: 17/05/2024

Platform and mathematical simulation models for clinical studies

Main features:

  • Business: Platform and mathematical simulation models for clinical studies
  • Location: Lyon (Rhône-Alpes)
  • 2023 revenues: 4,2 M€
  • Headcount 46 employees
  • Deadline for submitting bids: 16/05/2024

Custom swimming pool builder

Main features:

  • Business: Custom swimming pool builder, SPA sales and related services, with three sites (Bourges, Vierzon, Orléans), in business for 50 years.
  • Location: Thénioux (Cher)
  • 2023 revenues (project): 3,6 M€ – 2022 revenues: 3,9 M€
  • Headcount 19 employees
  • Deadline for submitting bids: 29/04/2024

Medical and emergency transport

Main features:

  • Business: Medical and emergency transport
  • 2023 revenues: 3,3 M€
  • Headcount 70 employees
  • Deadline for submitting bids: 31/05/2024

Charles Chocolartisan

Main features:

  • Business: Design, manufacture and packaging of white-label spreads. Pioneering manufacturer of palm oil-free spreads
  • Location: Civens (Loire)
  • 2023 revenues: 2,4 M€ – 2022 revenues: 2,2 M€ – 2021 revenues: 2,3 M€
  • Company registration number: 535 169 411
  • Headcount 21 employees
  • Deadline for submitting bids: 30/05/2024
plomberie sanitaire reprise

Dupe et Guysanit

Main features:

  • Business: Company engaged in plumbing/sanitary installation activities
  • Location: Pyrénées-Atlantiques
  • 2023 revenues: 2,3 M€
  • Company registration number: 501 719 827
  • Headcount 7 employees
  • Deadline for submitting bids: 30/04/2024

METabolic Explorer

Main features:

  • Business: METabolic Explorer is active in R&D for innovative biological industrial fermentation processes, in particular for the cosmetics, animal nutrition-health and biomaterials markets, and has a site at Saint-Beauzire near Clermont-Ferrand
  • Location: Saint Beauzire (Puy de Dôme)
  • 2022 revenues: 1,9 M€
  • Company registration number: 423 703 107
  • Headcount 85 employees
  • Deadline for submitting bids: 06/05/2024

Building engineering firm

Main features:

  • Business: Building engineering firm
  • Location: Rhône-Alpes
  • 2023 revenues: 1,2 M€
  • Headcount 17 employees
  • Deadline for submitting bids: 13/05/2024