News
24.02.2021Arnaud Pédron, Numa Rengot

Distressed acquisition opportunities – February 2021

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).

office-depot-reprise

Office Dépôt

Main features:

  • Business: Major player in the sale of office equipment and supplies in France. 60 stores, corporate contracts, websites, catalogs.
  • Location: Headquarters : Senlis (Oise)
  • Headcount 1527 employees
  • Company registration number: 402 254 437
  • 202019 revenues: 278 M€ – 2019 revenues:: 345 M€
  • Deadline for submitting bids: 19/03/2021

sweetcom-reprise

Sweetcom

Main features:

  • Business: Group specialized in energy renovation.
  • Location: Bordeaux (Gironde)
  • Headcount 229 employees
  • Company registration number: 443 044 243
  • 2019 revenues: 37 M€
  • Deadline for submitting bids: 26/02/2021

mbf aluminium reprise

MBF Aluminium

Main features:

  • Business: Pressure injection, machining and assembly of aluminum parts for major international automotive manufacturers.
  • Location: Jura
  • Headcount 286 employees
  • Company registration number: 752 816 496
  • 2019 revenues: 36,3 M€
  • Deadline for submitting bids: 01/03/2021

alo bebe la compagnie des petits reprise H3M

H3M – Exploitation principale des marques : La Compagnie des petits et Allobébé

Main features:

  • Business: Sales of children’s clothing and childcare accessories.
  • Location: Les Pennes Mirabeau (Bouches-du-Rhône) – Branches: 49 magasins – Affiliates: 18 magasins
  • Headcount 231 employees
  • Company registration number: 382 032 480
  • 2020 revenues:22,1 M€
  • Deadline for submitting bids: 03/03/2021

yakarouler reprise

Discount Autocenter (yakarouler.com)

Main features:

  • Business: Online trading platform for automotive parts
  • Location: Thiais (Val-de-Marne)
  • Company registration number: 491 622 858
  • Headcount 36 employees
  • 2019 revenues: 25 M€
  • Deadline for submitting bids: 19/03/2021

satma ppc reprise

SAS SATMA PPC

Main features:

  • Business: Manufacture of anodes for the manufacture of electrolytic capacitors. The production is carried out by continuous electrochemical treatment of aluminium foils.
  • Location: Goncelin (Isère)
  • Headcount 48 employees
  • Company registration number:503 053 241
  • 2019 revenues: 11,8 M€
  • Deadline for submitting bids: 29/04/2021

transports dufieux reprise

Transports Dufieux

Main features:

  • Business: Road transport of goods
  • Location: Casteljaloux (Lot-et-Garonne)
  • Headcount 40 employees
  • Company registration number: 329 130 652
  • 30/04/20 revenues: 4,57 M€
  • Deadline for submitting bids: 16/03/2021

nissan reprise corse

Car Dealer Nissan

Main features:

  • Business: Car Dealer Nissan.
  • Location: Furiani (Haute-Corse)
  • Headcount 60 employees
  • Company registration number: 499 984 094
  • 2019 revenues: 3,3 M€
  • Deadline for submitting bids: 15/03/2021

mtn reprise maintenance techniques nouvelles

Maintenance et techniques nouvelles – MTN

Main features:

  • Business: Manufacturing company of electrical distribution and control equipment
  • Location: Les Essarts-le-Roi (Yvelines)
  • Headcount 30 employees
  • Company registration number: 325 185 858
  • 2020 revenues: 2,4 M€ – 2019 revenues: 3,1 M€
  • Deadline for submitting bids: 08/03/2021

VGL

Main features:

  • Business: Precision mechanics company specialized in wire and sinker electroerosion, and assembly of mechanical subassemblies.
  • Location: Puy-de-Dôme
  • Headcount 23 employees
  • Company registration number: 831 195 086
  • 2020 revenues: 2,3 M€ – 2019 revenues: 3,2 M€
  • Deadline for submitting bids: 12/03/2021

plomberie sanitaire reprise

Plumbing, sanitary, heating, air conditioning.

Main features:

  • Business: Plumbing, sanitary, heating, air conditioning.
  • Location: Cournon d’Auvergne (Puy-de-Dôme)
  • Headcount 35 employees
  • 2019 revenues: 2,9 M€ – 2018 revenues: 2,9 M€
  • Deadline for submitting bids: 05/03/2021

routage reprise

Routing, Subscription Management, Logistics and Digital Printing Company

Main features:

  • Business: Routing, Subscription Management, Logistics and Digital Printing Company
  • Headcount 22 employees
  • 2020 revenues: 2,9 M€

ertop reprise

ERTOP

Main features:

  • Business: Boilermaking and machining, design and manufacture of telecommunication systems and railway equipment.
  • Location: Joigny (Yonne)
  • Headcount 11 employees
  • Company registration number: 331 358 663
  • 2020 revenues: 2 M€

rc tp loc reprise

RC TP LOC

Main features:

  • Business: Public works, demolition, crushing, equipment recycling, equipment rental including 45% demolition / 30% crushed.
  • Location: Saint-Etienne (Loire)
  • Headcount 8 employees
  • Company registration number: 409 301 579
  • 2020 revenues: 588 K€ – 2019 revenues: 968 K€
  • Deadline for submitting bids: 30/04/2021

weakspot reprise

Weakspot

Main features:

  • Business: Cybersecurity specialized in surveillance detection of exposed assets.
  • Location: Puteaux (Hauts-de-Seine)
  • Headcount 8 employees
  • Company registration number: 843 114 109
  • 2019 revenues: 70 K€
  • Deadline for submitting bids:  15/03/2021

Bridgestreet – Résidence MODE Aparthotel

Main features:

  • Business: 3 star hotel of 2000 square meters with 47 rooms / Annual rent: 1.4 M€
  • Location: Paris
  • Headcount 7 employees
  • Company registration number: 413 280 355
  • Deadline for submitting bids: 05/03/2021