immeuble Franklin

Distressed acquisition opportunities – November 2021

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 France Loisirs

Main features:

  • Business: France Loisirs: book publishing and distribution of cultural products; Foreign operating subsidiaries
    4 French subsidiaries: SOCPREST (order taking), MARIGNY & JOLY (call centre), SETRALOG (logistics platform) and TARALIBRIS (IT).
  • Headcount 758 employees in France ( 534 France Loisirs and 224 for the 4 French subsidiaries) and 200 employees in foreign subsidiaries
  • Location: France & Monde
  • Company registration number: 702 019 902
  • 2020 revenues: 72 M€
  • Deadline for submitting bids: 10/11/2021

Tetra Medical

Main features:

  • Business: Company that manufactures and distributes medical devices.
  • Headcount 204 employees
  • Company registration number: 969 510 197
  • Location: Annonay (Ariège) and Saint-Cyr-en-Val (Loiret)
  • 2020-2021 revenues: 37 M€
  • Deadline for submitting bids: 29/11/2021

Group specialising in shipbuilding, ship repair and industrial activities and project management

Main features:

  • Business: Group specialising in shipbuilding, ship repair and industrial activities and project management.
  • Headcount 380 employees
  • Location: Bretagne, Normandie & Pays de Loire
  • 2020 revenues: 23 M€
  • Deadline for submitting bids: not filled in

Group specialising in the engineering, design, development, construction, maintenance and operation of photovoltaic power plants

Main features:

  • Business: Group specialising in the engineering, design, development, construction, maintenance and operation of photovoltaic power plants.
  • Headcount 130 employees
  • Location: Isère
  • 2020 revenues: 17,2 M€
  • Deadline for submitting bids: 13/12/2021

Consulting in performance management and organisational transformation

Main features:

  • Business: Consulting in performance management and organisational transformation.
  • Headcount 72 employees
  • 2020 revenues: 11 M€
  • Deadline for submitting bids: 13/12/2021

Manufacture and marketing of products for the construction industry

Main features:

  • Business: Manufacture and marketing of products for the construction industry.
  • Location: South-East quarter
  • Headcount 60 employees
  • 2020 revenues: 9 M€
  • Deadline for submitting bids: 16/11/2021

Printing : Printing of leaflets and catalogues for the retail sector

Main features:

  • Business: Printing : Printing of leaflets and catalogues for the retail sector.
  • Location: Bouches-du-Rhône
  • Headcount 35 employees
  • 2020 revenues: 7,69 M€
  • Deadline for submitting bids: 10/11/2022

Dalitub

Main features:

  • Business: Specialist in the manufacture of steel, stainless steel and aluminium tube parts of all sections (round, square, rectangular, etc.). Car manufacturers are the company’s historical customers.
  • Location: Saint-Claude (Jura)
  • Company registration number: 646 950 600
  • Headcount between 10 to 50 employees
  • 2020 revenues: 7,44 M€
  • Deadline for submitting bids: 30/11/2021
service à la personne

Installation of communication equipment in EHPADs

Main features:

  • Business: Installation of communication equipment in EHPADs.
  • Location: Île-de-France, PACA, Nouvelle Aquitaine
  • Headcount 39 employees
  • 2020 revenues: 5,6 M€
  • Deadline for submitting bids: 15/11/2021

Printing (Digital and Offset), DTP and finishing

Main features:

  • Business: Printing (Digital and Offset), DTP and finishing.
  • Location: Créteil (Val-de-Marne)
  • Headcount 27 employees
  • 2020 revenues: 5,5 M€
  • Deadline for submitting bids: 29/11/2021

Ecofiltre

Main features:

  • Business: Design of industrial filtration systems and trade in industrial equipment and supplies.
  • Location: Le Grand-Quevilly (Seine-Maritime)
  • Company registration number: 420 942 260
  • Headcount 5 employees
  • 2020 revenues: 4,88 M€
  • Deadline for submitting bids: 08/11/2021

Equipement Maintenance Industrie

Main features:

  • Business: This company has 23 years of experience in the field of industrial closures and metalwork.
  • Location: Fougerolles-Saint-Valbert (Haute-Saône)
  • Company registration number: 414 920 496
  • Headcount 31 employees
  • 2020 revenues: 4,7 M€
  • Deadline for submitting bids: 15/11/2021

Serail

Main features:

  • Business: This family-owned company has been involved in the design, manufacture, installation and after-sales service of high-tech freeze-dryers and associated loading systems for some forty years. The company owns its own premises. The clientele is mainly made up of large accounts and independent laboratories in the pharmaceutical and biotechnological industries..
  • Location: Le Coudray Saint Germer (Oise)
  • Company registration number: 438 739 930
  • Headcount 31 employees
  • 2020 revenues: 4,4 M€
  • Deadline for submitting bids: 01/12/2021

Guarding and security company

Main features:

  • Business: Guarding and security company
  • Location: Paris
  • Headcount 108 employees
  • 2020 revenues: 4,2 M€
  • Deadline for submitting bids: 01/12/2021

IT sales and integration

Main features:

  • Business: Sales and integration of IT solutions and consulting services application software publishing.
  • Location: Hauts-de-Seine
  • Headcount 8 employees
  • 2020 revenues: 3,64 M€
  • Deadline for submitting bids: 22/11/2021

Rainbow Pro Cycling

Main features:

  • Business: Management/animation of a cycling club giving rise to the training, education and remuneration of professional cyclists with a view to their participation in national or international competitions.
  • Location: Fuveau (Bouches-du-Rhône)
  • Company registration number: 798 807 350
  • Headcount 19 employees
  • 2020 revenues: 3,51 M€
  • Deadline for submitting bids: 29/10/2021

S. Réseaux Infrastructures

Main features:

  • Business: Public works operations company, earthworks, VRD works, dry and wet networks, infrastructure, demolition, piping, sewerage, servicing, public works equipment rental, asbestos removal, creation of water treatment plants, drilling and civil engineering.
  • Location: Lezignan Corbières (Aude)
  • Company registration number: 810 373 746
  • Headcount 16 employees
  • 2020 revenues: 3 M€
  • Deadline for submitting bids: 27/11/2021

Construction of fluid networks – General contractor for water supply and sewerage

Main features:

  • Business: Construction of fluid networks – General contractor for water supply and sewerage.
  • Location: Bannalec (Finistère) and Guidel (Morbihan)
  • Headcount 38 employees
  • 2020 revenues: 2,99 M€
  • Deadline for submitting bids: 30/11/2021

Boilermaking – Sheet metal work

Main features:

  • Business: Boilermaking, sheet metal work: manufacture of machinery and equipment for handling and storing grain.
  • Location: Eure
  • Headcount 21 employees
  • 2020 revenues: 2,7 M€
  • Deadline for submitting bids: 29/11/21

Edom Développement

Main features:

  • Business: Maintenance industrielle dans le secteur hydraulique (client EDF) – Rénovation d’ouvrages métalliques.
  • Location: Crolles (Isère)
  • Company registration number: 503 328 072
  • Headcount 7 employees
  • 2020 revenues: 2,23 M€
  • Deadline for submitting bids: 30/11/2021

Emulbitume

Main features:

  • Business: Manufacture and sale of building materials, turbo mixers and dosing pumps, design and construction of bitumen emulsion installations.
  • Location: Bréal-sous-Montfort (Ille-et-Vilaine)
  • Company registration number: 445 283 732
  • Headcount 8 employees
  • 2020 revenues: 1,69 M€
  • Deadline for submitting bids: 26/11/2021

Machining and metal construction work and precision engineering

Main features:

  • Business: Company specialising in machining and precision mechanical and metal construction work and in cutting, stamping, shaping, assembling and mounting work.
  • Location: Alsace
  • Headcount 22 employees
  • 2020-2021 revenues: 1,66 M€
  • Deadline for submitting bids: 03/12/2021

Dustral Chaudronnerie

Main features:

  • Business: Boilermaking, carpentry, locksmithing, steel work.
  • Location: Picardie
  • Company registration number: 490 402 393
  • Headcount between 10 and 50 employees
  • 2020 revenues: less than €1m
  • Deadline for submitting bids: 03/11/2021

Energie IP

Main features:

  • Business: Development and marketing of a building management solution based on POE technology to power and control lighting, blinds and thermal regulation equipment, making office buildings intelligent while reducing their energy consumption.
  • Location: Paris (Ile-de-France)
  • Headcount 14 employees
  • 2020 revenues: 611 K€
  • Deadline for submitting bids: 15/12/2021