immeuble-franklin

Distressed acquisition opportunities – December 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.

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).

Aciéries Hachette et Driout

Main features:

  • Business: France’s leading steel and special steels foundry
  • Location: Saint-Dizier (Meuse)
  • Company registration number: 377 658 083
  • 2024 revenues (forecast) : 32 M€ – 2023 revenues: 37,3 M€ – 2022 revenues : 29,9 M€
  • Headcount 280 employees
  • Deadline for submitting bids: 30/12/2024

Aster Mod

Main features:

  • Business: B2B marketing and distribution of ready-to-wear brands
  • Location: Marcq-en-Barœul (Nord) et Hœrdt (Bas-Rhin)
  • Company registration number: 698 503 372
  • 2024 revenues (10,5 months) : 21,1 M€ – 2023 revenues : 29,8 M€
  • Headcount 48 employees
  • Deadline for submitting bids: 06/01/2025

 Product trading on digital platforms

Main features:

  • Business: Company 1: Product trading on digital platforms (marketplace)
    Company 2: Design and development of a digital platform to distribute products on marketplaces
  • Location: Drôme
  • Company registration number: 352 790 364
  • Last financial year turnover: Company 1 : 20 M€ – Company 2 : 660 K€
  • Headcount: Company 1 : 12 employees – Company 2 : 7 employees
  • Deadline for submitting bids: 03/01/2025

Intercloud

Main features:

  • Business: Connectivity solution designed to make domain exchanges between Clouds secure and reliable, while guaranteeing maximum availability
  • Location: Paris
  • Company registration number: 529 026 486
  • 2023 revenues: 12 M€ – 2022 revenues:
    13,3 M€
  • Headcount: 56 employees and 1 trainee, and 6 employees in Spain (branch)
  • Deadline for submitting bids: 23/12/2024

Gentie

Main features:

  • Business: A full range of transport and logistics services (dangerous goods in tankers, general cargo in tautliners and food grains in moving floors)
  • Location: Sansac-de-Marmiesse (Cantal)
  • Company registration number: 352 790 364
  • 2023 revenues: 10,6 M€ – 2022 revenues: 8,3 M€ – 2021 revenues: 8,1 M€
  • Headcount 50 employees
  • Deadline for submitting bids: 03/01/2025

3S Satellite

Main features:

  • Business: Electrical installation company
  • Location: Peypin (Bouches-du-Rhône)
  • Company registration number: 512 996 026
  • 2023 revenues: 8,4 M€
  • Headcount 12 employees
  • Deadline for submitting bids: 23/12/2024

SAS Montal – Intermarché

Main features:

  • Business: Food distribution, operating a shop under the Intermarché banner
  • Location: Montayral (Doubs)
  • Company registration number: 512 996 026
  • 2023 revenues: 7,2 M€
  • Headcount 25 employees
  • Deadline for submitting bids: 23/12/2024

Hortibreiz

Main features:

  • Business: Distribution of materials and equipment for horticulturists, nurserymen, landscapers and local authorities
  • Location: Caudan (Morbihan)
  • Company registration number: 831 274 303
  • 2023 revenues: 7,2 M€
  • Headcount 29 employees
  • Deadline for submitting bids: 20/12/2024

Hamelin Décor

Main features:

  • Business: Wholesale and retail trade in decorative products
  • Location: 5 agencies : Orléans, Sens, Auxerre, Troyes and Dijon
  • Company registration number: 512 996 026
  • 2024 revenues (project) : 7 M€ – 2023 revenues: 7,8 M€
  • Deadline for submitting bids: 15/01/2025

SMIS Portes

Main features:

  • Business: Operation of general and standardised joinery and sawing activities, as well as the processing of wood and panels for all uses
  • Location: Bourgoin-Jallieu (Isère)
  • Company registration number: 821 788 783
  • 2023 revenues: 5,8 M€ – 2022 revenues: 8 M€ – 2021 revenues: 7,8 M€
  • Headcount 20 employees
  • Deadline for submitting bids: 13/01/2025

Groupe Heraclide

Main features:

  • Business: Group specialising in the construction and operation of non-medical residences for senior citizens in towns with between 3,000 and 15,000 inhabitants.
  • Location: Vichy (Allier)
  • 2023 revenues: 2,3 M€ – 2022 revenues: 1,7 M€
  • Headcount 3 employees
  • Deadline for submitting bids: 15/01/2025

Technic Group – Hydro Technic – Ingenium Technic

Main features :

  • Business:
    – Holding activity
    – General mechanical engineering, repairs, sale of equipment, vehicles and spare parts
    – Sale, repair and hire of public works equipment and vehicles
  • Location: Manosque (Alpes-Maritimes)
  • Company registration number: Technic Group : 899 350 797 – Hydro Technic : 792 168 577 – Ingenium Technic : 850 396 540
  • Revenues (last financial year) : Technic Group : 309 K€ – Hydro Technic : 751 K€ – Ingenium Technic : 493 K€
  • Headcount 8 employees
  • Deadline for submitting bids: 10/01/2025