News
30.06.2022Arnaud Pédron, Numa Rengot

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).

 

French-Spanish group of companies operating in the toy sector

Main features:

  • Business: French-Spanish group of companies operating in the toy sector benefiting from cross-border insolvency proceedings.
  • Location: French-Spanish group.
  • Headcount 35 employees
  • 2021 revenues: 16,9 M€ – 2020 revenues: 17,75 M€ – 2019 revenues: 25,8 M€
  • Deadline for submitting bids: 01/07/2022

Foundry

Main features:

  • Business: Highly integrated gravity die-cast aluminum and sand technology foundry with secondary facility for machining all materials.
  • Headcount 63 employees
  • 2020 revenues: 8,3 M€
  • Deadline for submitting bids: 21/07/2022

Site protection

Main features:

  • Business: Protection of sites or unoccupied dwellings in the North, IDF and South. Installation and management of electronic surveillance systems and mechanical or electronic locking devices.
  • Location: Créteil (Val-de-Marne)
  • Headcount 53 employees
  • 2019 revenues: 6,5 M€
  • Deadline for submitting bids: 29/07/2022

STCL

Main features:

  • Business: Design, production and maintenance of piping systems on site or in skids for the food, pharmaceutical, chemical, petrochemical and environmental industries.
  • Location: Calais (Hauts-de-France)
  • Company registration number: 751 139 585
  • Headcount 42 employees
  • 2021 revenues: 3 M€
  • Deadline for submitting bids: 26/07/2022

Company of general electricity and buildings

Main features:

  • Business: Company of general electricity and buildings.
  • Location: Gap (Hautes-Alpes)
  • Headcount 57 employees
  • 2020 revenues: 3 M€ – 2021 revenues: 3,95 M€
  • Deadline for submitting bids: 19/07/2022

Installation work of thermal and air conditioning equipment

Main features:

  • Business: Installation work of thermal and air conditioning equipment.
  • Location: Eure-et-Loir
  • Headcount 24 employees
  • 2021 revenues: 2 M€
  • Deadline for submitting bids: 08/07/2022