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).

		Production, distribution and broadcasting of audio-visual and cinematographic works Main features: Business: Production, distribution and broadcasting of audio-visual and cinematographic works. Headcount 380 employees in France 2021 revenues: 37 M€ Deadline for submitting bids: 27/07/2022
		Feedback Group Main features: Business: 4 areas of activity Fullcar services : organization and realization of all logistic mobility solutions in the automotive sector Feedback Energie: installation, maintenance and replacement of energy infrastructures Instaborne: installation of IRVE (Infrastructure for Electric Vehicle Recharging) certified charging stations Feedback Institut : marketing studies for retail companies and brands. Location: Courbevoie (Hauts-de Seine) Headcount 336 employees 2021 revenues: 33,3 M€ Deadline for submitting bids: 29/07/2022
		Tell Me (6 stores) Main features: Business: Sale of telephony 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
		Chapitre.com Main features: Business: Online sale of new and used books, editions. Location: Paris (Ile-de-France) Company registration number: 493 469 985 Headcount 21 employees including 15 in Lamnay (Sarthe) 2021 revenues: 14 M€ – 2020 revenues: 15, 6 M€ Deadline for submitting bids: 08/08/2022
		Ace Global Services Main features: Business: Marketing of office equipment, multifunctional equipment, computer equipment and solutions Location: Boulogne-Billancourt (Hauts-de-Seine) Company registration number: 388 950 602 Headcount 14 employees 2020 revenues: 7,64 M€ Deadline for submitting bids: 12/09/2022
		In-Antis Main features: Business: General masonry and structural work. Location: Toulouse (Haute-Garonne) Company registration number: 848 874 897 Headcount 38 employees 2022 (01/01-02/06) revenues: 2,64 M€ – 2021 revenues: 6,38 M€ – 2020 revenues: 9,29 M€ – 2019 revenues: 12,27 M€ Deadline for submitting bids: 29/07/2022
		PPL Transport Main features: Business: Transport in the health sector and mono-packages. Location: Créteil (Val-de-Marne) Company registration number: 879 735 074 Headcount 98 employees 2021 revenues (15 months) : 4,8 M€ Deadline for submitting bids: 26/08/2022
		Anteol Main features: Business: Demolition and construction work, asbestos removal, decontamination and sanitation operations for the building and industry. Location: Saint-Ouen-l’Aumône (Val-d’Oise) Company registration number: 448 379 867 Headcount 41 employees (excluding the director) 2021 revenues: 4,3 M€ – 2020 revenues: 3,08 M€ – 2019 revenues: 4,39 M€ Deadline for submitting bids: 16/09/2022
		Gorgy Timing Main features: Business: Design, manufacture and marketing of time distribution and time synchronization systems. Location: La Mure (Isère) Company registration number: 351 239 363 Headcount 49 employees (45% managers and engineers) 2021 revenues: 3,88 M€ – 2019 revenues: 5, 65 M€ Deadline for submitting bids: 20/09/2022
		Manufacture française de textile Main features: Business: Textile finishing activity: integrated textile actor in spinning, knitting and dyeing, recycling by fraying Location: Caudry (Hauts-de-France) Headcount 77 employees Company registration number: 844 533 570 2021 revenues: 2,96 M€ – 2020 revenues: 4,27 M€ – 2019 revenues: 9,96 M€ Deadline for submitting bids: 05/09/2022
		Mapiness – Sign: Rutabago Main features: Business: Online sale Box to cook 100% organic Location: Aulnay-sous-Bois (Seine-Saint-Denis) Company registration number: 819 733 098 Headcount 16 employees 2021 revenues: 3,2 M€ – 2020 revenues: 2,3 M€ Deadline for submitting bids: 21/07/2022
		SPED ACE Main features: Business: Wholesale – Supply of various production equipment. Location: Epône (Yvelines) Company registration number: 398 094 383 Headcount 5 employees 31/03/2022 rvenues: 1,03 M€ Deadline for submitting bids: 03/08/2022
		Dubraud Main features: Business: Cultivation of the vine (25 hectares), exploitation essentially in farming. Location: Saint-Christoly-de-Blaye (Gironde) Headcount 11 employees 2021 revenues: 452 K€ – 2020 revenues: 413 K€ Deadline for submitting bids: 05/08/2022