immeuble-franklin

Distressed acquisition opportunities – August 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).

Demolin

Main features:

  • Business: Trade and maintenance of engines (land & river), hydraulic equipment, pneumatics, handling equipment, cleaning equipment, as well as general mechanics and industrial maintenance.
  • Location: 5 agencies: Bourguébus (Calvados), Evreux (Eure), Le Havre (Seine Maritime), Conflans-Sainte-Honorine (Yvelines) and Sotteville-lès-Rouen (Seine Maritime)
  • Company registration number: 312 140 528
  • 2023 revenues: 19 M€ (Bourguébus : 2,5 M€ – Evreux : 3 M€ – Le Havre : 5 M€ – Conflans-Sainte-Honorine : 1 M€ – Sotteville-lès-Rouen : 7,5 M€)
  • Headcount: Bourguébus : 11 employees – Evreux : 12 employees – Le Havre : 10 employees – Conflans-Sainte-Honorine : 3 employees – Sotteville-lès-Rouen : 26 employees
  • Deadline for submitting bids: 23/08/2024

Orium

Main features:

  • Business: Import and marketing of technical products (batteries, solar panels, clocks, air quality meters, garden equipment, etc.)
  • Location: Sainte-Luce-sur-Loire (Loire Atlantique)
  • Company registration number: 384 140 729
  • 2023 revenues: 2,8 M€
  • Headcount 10 employees
  • Deadline for submitting bids: 13/09/2024

Vejes

Main features:

  • Business: Company specialising in online IT support services for businesses and IT project management and studies
  • Location: Toulouse area
  • Company registration number: 499 151 710
  • Revenues: 2,3 M€
  • Headcount 19 employees
  • Deadline for submitting bids: 06/09/2024

Groupe Amaroche

Main features:

  • Business: Café, bar, brasserie, fast food outlets, ready meal delivery, sandwich bars – 5 establishments
  • Location: Rouen and Mont-Saint-Aignan (Seine Maritime)
  • Company registration number: 490 324 563
  • 2023 revenues: 1,8 M€ – 2022 revenues: 1,7 M€ – 2021 revenues: 1,1 M€
  • Effectif : La Walsheim : 17 employees – Le Trio : 1 employees – Les Coquets : 4 employees – Le Diapason : 4 employees – A Table 76 : 3 employees
  • Deadline for submitting bids: 20/09/2024

Polichinelle

Main features:

  • Business: Company operating a vegetarian buffet restaurant in a Paris hotel
  • Location: Paris
  • Company registration number: 849 581 756
  • 2023 revenues: 1,5 M€ – 2022 revenues: 1,4 M€
  • Headcount 17 employees
  • Deadline for submitting bids: 09/09/2024

Specialist shop Timberland

Main features:

  • Business: Company specialising in the sale of Timberland brand shoes and ready-to-wear clothing.
  • Location: Alpes-Maritimes
  • 2023 revenues: 1,4 M€
  • Headcount 3 employees
  • Deadline for submitting bids: 26/08/2024

Bakery – Patisserie

Main features:

  • Business: 3 bakeries / Patisserie
  • Location: Cahors (Lot)
  • 2021 revenues: 1,3 M€ – 2020 revenues: 1 M€
  • Headcount 18 employees
  • Deadline for submitting bids: 06/09/2024