Distressed acquisition opportunities – January 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).

		Lory Fonderies Main features: Business: Cast iron foundry. Location: Brières-les-Scellés (Essonne) Company registration number: 405 223 843 Headcount 48 employees 2023 revenues: 17,5 M€ Deadline for submitting bids: 15/01/2024
		Saint Jean Industries Laval Main features: Business: Casting (iron and steel) of industrial parts and automotive engine components. Location: Changé (Mayenne) Company registration number: 513 166 595 2022 revenues: 11,4 M€ Headcount 81 employees Deadline for submitting bids: 15/01/2024
		Boilermaking – Pipework Main features: Business: Advantis: Holding company. Regiprocess: Boilermaking, pipework, thermal insulation and scaffolding. Advisko: Boilermaking and pipework. STPM: Piping, thermal insulation and scaffolding. Company registration number: Advantis : 889 557 013 – Regiprocess : 412 801 789 – Advisko : 904 782 307 – STPM : 528 114 325 2022 revenues: Advantis : 334 K€ – Regiprocess : 6,6 M€ – Advisko : 340 K€ – STPM : 917 K€ Headcount: Advantis : 1 employee – Regiprocess : 28 employees – Advisko : 1 employee – STPM : 8 employees Deadline for submitting bids: 19/01/2024
		Groupe Luval Main features: Business: 6 companies with 11 businesses: Bakery – Pastry. 1 company with 3 businesses: Restaurant – Sandwich shop/Glacier – Bakery/Pastry. Location: Rouen (Seine Maritime) Company registration number: 524 938 768 Headcount: 6 companies with 11 businesses : 127 employees – 1 company with 3 businesses : 22 employees 2022 revenues: 6 companies with 11 businesses: 5,3 M € – 1 company with 3 businesses: 1,4 M € Deadline for submitting bids: 11/01/2024
		Programming and packaging of electronic chips Main features: Business: Programming and packaging of electronic chips. The company has tools for manufacturing custom-made honeycomb strips and automatic equipment for programming, engraving and 3D inspection. Location: 1 programming site in Nouvelle Aquitaine and 1 packaging site in Centre Val de Loire. 2022 revenues: 6,2 M€ – 2021 revenues: 12 M€ Headcount 34 employees Deadline for submitting bids: 12/01/2024
		Innovtec Industries Main features: Business: Integrator of automated and robotised solutions for industry. Location: Chatillon-sur-Chalaronne (Aisne) Company registration number: 448 589 465 2022 revenues: 4,9 M€ – 2021 revenues: 4 M€ – 2020 revenues: 3,3 M€ Headcount 26 employees Deadline for submitting bids: 26/01/2024
		Steel design Main features: Business: Steel design and manufacture of individual parts or series by bending, cutting and welding. Location: North of Ardèche 2022 revenues: 5 M€ Headcount 20 employees DLDO : 30/01/2024
		Home help Main features: Business: Home help association for the elderly and disabled (ADPAH). Location: North of Isère 2022 revenues: 4,7 M€ – 2021 revenues: 4,9 M€ Headcount 154 employees Deadline for submitting bids: 31/01/2024
		Oros Main features: Business: Design, manufacture and marketing of noise and vibration test and measurement solutions for industry. Location: Meylan (Isère) Company registration number: 331 619 312 2022 revenues: 3,5 M€ – 2021 revenues: 3,2 M€ – 2020 revenues: 3,6 M€ Headcount 22 employees Deadline for submitting bids: 16/02/2024
		Social media and influence agency Main features: Business: Social media and influence agency. Headcount 13 employees 2023 revenues: 3 M€ Deadline for submitting bids: 29/01/2024
		Wholesale of butcher’s meat Main features: Business: Wholesale (business-to-business) of butcher’s meat. Location: Aubervilliers (Seine-Saint-Denis) Headcount 13 employees 2020 revenues: 2,3 M€ Deadline for submitting bids: 15/01/2024
		On-site and takeaway catering – Bar – Coffee shop Main features: Business: On-site and takeaway catering – bar – coffee shop. Location: Tours (Indre-et-Loire) 2022 revenues: 1,3 M€ Headcount 21 employees Deadline for submitting bids: 31/01/2024
		Marketing of sustainable mobility management services and products Main features: Business: Marketing of sustainable mobility management services and products, geolocation, traceability and security for company personnel. Location: Ile-de-France 2022 revenues: 1,2 M€ Headcount 2 employees Deadline for submitting bids: 19/01/2024
		Krealid Main features: Business: A company specialising in global communications strategy and consultancy. It supports its customers across a broad value chain: web development, consultancy and strategy, concepts and storytelling, strategic planning, creation and design, digital marketing. Location: Roubaix (Nord) Company registration number: 519 828 032 2022 revenues: 1,2 M€ – 2021 revenues: 1,3 M€ Headcount 15 employees Deadline for submitting bids: 18/01/2024