Distressed acquisition opportunities – July 2022

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).

		Paralu Main features: Business: Design and manufacture of curtain walls, joinery and railings. Location: Beauvallon (Rhône) Company registration number: Paralu : 302 044 557 – Paralu Diffusion : 381 751 908 – Bodyguard : 823 094 743 Headcount: Paralu : 104 employees – Paralu Diffusion : 11 employees – Bodyguard : 5 employees Revenues: Paralu : 25,89 M€ – Paralu Diffusion : 1,34 M€ – Bodyguard : 1,3 M€ Deadline for submitting bids: 12/09/2022
		Sale of organic products Main features: Business: Sale of organic food and non-food products (2 stores) Location: Lille area Headcount 31 employees Store 1 : 2021 revenues: 4,23 M€ – 2020 revenues: 4,9 M€ Store 2 : 2021 revenues: 3,93 M€ – 2020 revenues: 3,47 M€ Deadline for submitting bids: 16/09/2022
		Tell Me (6 stores) Main features: Business: Sale of phone products and connected objects. Location: Ile-de-France, Toulouse, Lyon, Lille Headcount 43 employees 2021 revenues: 9 M€ Deadline for submitting bids: 29/07/2022
		MDL Europe Main features: Business: Press tool manufacturing: large steel plate products and small diameter cylindrical components. Location: Issenheim (Haut-Rhin) Company registration number: 341 196 749 Headcount 74 employees 2021 revenues: 8,37 M€ Deadline for submitting bids: 16/07/2022
		Secur Indoor Main features: Business: Protection of unoccupied sites or dwellings in the North, Paris and South – Installation and management of surveillance systems. electronic and locking systems. Location: Créteil (94), Séclin (59), Langlade (30) Company registration number: 493 598 080 Headcount 53 employees 2019 revenues: 6,5 M€ Deadline for submitting bids: 29/07/2022
		On-board equipment and electrical industry Main features: Business: 2 sectors of activity 1 – Information sector: system equipment for bus and coach transport. 2 – Industrial sector: integrator and installer of electrical process industry. Location: Vallée du Rhône Headcount 41 employees 2021 revenues: 5,3 M€ Deadline for submitting bids: 22/07/2022
		Company of construction of buildings and wooden frameworks Main features: Business: Company of construction of buildings and wooden frameworks. Location: Gironde Headcount 32 employees 2021 revenues: 4,4 M€ Deadline for submitting bids: 21/07/2022
		Loire Etude Main features: Business: Conception et réalisation de gros outils d’emboutissage à froid et à chaud, usinage de grandes dimensions. Location: Chamond (Loire) Company registration number: 966 506 057 Headcount 34 employees 2021 revenues: 3,87 M€ – 2020 revenues: 5,15 M€ Deadline for submitting bids: 19/09/2022
		Groupe Ekim (Pazzi Robotics) Main features: Business: Design and marketing of robots and automated systems for the catering industry. Location: Montevrain (Seine-et-Marne) Company registration number: 799 078 027 Headcount 30 employees Deadline for submitting bids: 25/07/2022
		Printing machines Main features: Business: Manufacture of silk-screen or inkjet printing machines on containers. Location: Ile-de-France Headcount 35 employees 2021 revenues: 3 M€ – 2020 revenues: 2,4 M€ – 2019 revenues: 5,4 M€ Deadline for submitting bids: 27/07/2022
		Baguette Box Main features: Business: Home delivery of bakery products in rural areas. Location: Kirchheim (Bas-Rhin) Company registration number: 847 896 420 Headcount 158 employees 2021 revenues: 2,89 M€ Deadline for submitting bids: 08/08/2022
		VIE – Vitrages Isolants de l’Est Main features: Business: Manufacture of insulating glass units for carpentry, conservatory and façade manufacturers, and installation. Location: Cirey-sur-Vezouze (Meurthe-et-Moselle) Company registration number: 498 974 575 Headcount 22 employees 2021-2022 revenues: 2,7 M€ Deadline for submitting bids: 22/07/2022
		Transport Main features: Business: Public transport of goods, rental of industrial and goods transport vehicles, rental of public works equipment – Earthworks and demolition. Location: Lorraine Company registration number: 751 139 585 Headcount 42 employees 2021 revenues (9 months) : 2,2 M€ Deadline for submitting bids: 16/08/2022
		Hygiene products Main features: Business: Sale of intimate and body hygiene products. Location: Normandie Headcount 5 employees 2021 revenues: 1,6 M€ Deadline for submitting bids: 30/09/2022
		Keen Eye Main features: Business: Development and marketing of deep learning solutions in the health sector. Location: Paris (Ile-de-France) Company registration number: 793 725 045 Headcount 33 employees 2020 revenues: 1,1 M€ Deadline for submitting bids: 25/07/2022