immeuble Franklin

Distressed acquisition opportunities – June 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).

Groupe Geoxia

Main features:

  • Business: Construction and renovation of individual houses under the brands Maison Phénix, Maison Familiale, Maison Castor, Phénix Evolution, Evolutiv Habitat.
  • Location: Rueil-Malmaison (Hauts-de-Seine)
  • Headcount 1145 employees
  • 2021 revenues: 252 M€
  • Deadline for submitting bid: 10/06/2022

PicWicToys

Main features:

  • Business: Sale of games and toys in specialized stores.
  • Location: Villeneuve d’Ascq (Nord)
  • Company registration number: 310 635 347
  • Headcount 817 employees
  • 2021 revenues: 211 M€
  • Deadline for submitting bid: 10/06/202

Design and manufacture of aluminum equipment

Main features:

  • Business: Design and manufacture of complete sawing equipment for ingots, billets in aluminum T-bars and surfacers for the manufacture of cast or rolled aluminum plates
  • Location: Isère
  • Headcount 40 employees
  • 2022 revenues: 6 M€
  • Deadline for submitting bid: 21/06/2022

Demolition, construction, asbestos removal, decontamination, sanitation for building and industry

Main features:

  • Business: Demolition, construction, asbestos removal, decontamination, sanitation for building and industry.
  • Location: Val d’Oise
  • Headcount 42 employees
  • CA 2020 : 3,1 M€ – CA 2019 : 4,4 M€
  • Deadline for submitting bid: 08/06/2022

Aktiba

Main features:

  • Business: Supply and installation of thermal and acoustic insulation, PVC or aluminum joinery, heating system, facade renovation and roofing.
  • Location: Nouvelle-Aquitaine
  • Headcount 17 employees
  • 2020 revenues: 2,34 M€
  • Deadline for submitting bid: 07/06/2022

Catering group

Main features:

  • Business: Laboratory, 2 restaurants and a foodtruck for events.
  • Location: Romainville (Seine-Saint-Denis)
  • Headcount 21 employees
  • 2021 revenues: 1,7 M€
  • Deadline for submitting bid: 22/06/2022

Design, manufacture and installation of signage

Main features:

  • Business: Design, manufacture and installation of signage.
  • Location: Auvergne-Rhône-Alpes
  • Headcount 14 employees
  • 2021 revenues: 1,63 M€
  • Deadline for submitting bid: 20/06/2022

Hydroelectric and Biogas energy production

Main features:

  • Business: Hydroelectric and Biogas energy production.
  • Location: Sud-Ouest / Alpes
  • Headcount 14 employees
  • 2021 revenues: 891 K€
  • Deadline for submitting bid: 13/06/2022