immeuble Franklin

Distressed acquisition opportunities – January 2023

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).

 

Polyurethane manufacturing

Main features:

  • Business: Group of 8 companies in the field of the formulation of polyols for the manufacture of polyurethane for the building or industrial sectors with an approved training center. The companies of the group also ensure the assembly, the manufacturing and the renting of machines and accessories related to these fields of activities.
  • Location: Rhône Valley
  • Headcount 67 employees
  • 2021 revenues: 36 M€
  • Deadline for submitting bids: 31/01/2023

SAS Synthexim

Main features:

  • Business: Manufacture of other basic organic chemicals.
  • Location: Hauts-de-France
  • Company registration number: 414 442 996
  • Headcount 121 employees
  • 2021 revenues: 13 M€ – 2022 revenues (january to june) : 8 M€
  • Deadline for submitting bids: 24/02/2023

Manufacture of parts

Main features:

  • Business: Manufacture of parts and assemblies for the automotive, aeronautical, railway, defense and food industries.
  • Location: Poitou Charente
  • Headcount 100 employees
  • 2021 revenues: 12 M€
  • Deadline for submitting bids: 30/01/2023

Hoyschoote

Main features:

  • Business: Exploitation of a business of food distribution under the trade Intermarché.
  • Location: Hoymille (Nord)
  • Company registration number: 790 449 318
  • Headcount 25 employees
  • 2021 revenues: 9,8 M€
  • Deadline for submitting bids: 28/02/2023

Flow Control Technologies

Main features:

  • Business: The company specializes in the development, design, manufacture and service of shafted ball valves primarily for oil and gas applications.
  • Location: Saint Juéry (Tarn)
  • Company registration number: 888 028 982
  • Headcount 74 employees
  • 2022 revenues: 8,6 M€
  • Deadline for submitting bids: 17/02/2023

Management consulting

Main features:

  • Business: Management consulting – all business sectors.
  • Location: In France and abroad
  • Headcount 69 employees
  • 2021 revenues: 7,3 M€
  • Deadline for submitting bids: 30/01/2023

Kelbongoo

Main features:

  • Business: Sale of farm products in a short circuit via a click and collect system. Social utility company approved by ESUS.
  • Location: 7 businesses in Paris and 7 mobile points in the Paris area.
  • Company registration number: 792 509 598
  • Headcount 50 employees
  • 2021 revenues: 4,4 M€ – 2022 revenues (temporary) : 3,6 M€
  • Deadline for submitting bids: 30/01/2023

Food supermarket

Main features:

  • Business: Food supermarket with fuel service station.
  • Location: Rhône Valley
  • Headcount 8 employees
  • 2021 revenues: 3,7 M€
  • Deadline for submitting bids: 31/01/2023

Tuncay

Main features:

  • Business: Building: structural work (25%) and subcontracted plastering for builders of individual houses and for private individuals (75%).
  • Location: Moulle (Pas-de-Calais)
  • Company registration number: 514 402 304
  • Headcount 30 employees
  • 2022 revenues: 2,5 M€
  • Deadline for submitting bids: 30/01/2023