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Distressed acquisition opportunities – November 2024

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.

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 RengotLaura Bavoux 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).

Modular solutions

Main features:

  • Business: Company 1: Development and marketing of modular solutions for rapid deployment
    Company 2: Manufacture of tents and modular hangars
  • 2023 revenues: Company 1 : 26 M€ – Company 2 : 2 M€
  • Headcount: Company 1 : 34 employees – Company 2 : 23 employees
  • Deadline for submitting bids: 27/11/2024

Cyber Group Studio

Main features:

  • Business: Creation, production and distribution of animated films and series
  • Location: Paris
  • Company registration number:: 483 662 482
  • 2023 revenues: 18,6 M€
  • Headcount: 29 employees and 46 casual workers
  • Deadline for submitting bids: 16/12/2024

Trade in agricultural equipment

Main features:

  • Business: Trade in agricultural equipment, in particular antifreeze systems
  • Location: Drôme
  • Last financial revenues: 2,7 M€ – Revenues for year N-1: 18,4 M€
  • Headcount 8 employees
  • Deadline for submitting bids: 10/01/2025
plomberie sanitaire reprise

Plumbing company

Main features:

  • Business: Plumbing company specialising in new apartment blocks
  • Location: Var and Alpes-Maritimes
  • 2023 revenues: 6,3 M€ – 2022 revenues: 3,9 M€
  • Headcount 20 employees
  • Deadline for submitting bids: 16/12/2024

Berlioz Créations

Main features:

  • Business: Manufacture of kit furniture (B2B)
  • Location: Four (Isère)
  • Company registration number: 351 891 130
  • 2023 revenues: 3,3 M€ – 2022 revenues: 3,6 M€ – 2021 revenues: 4,9 M€
  • Headcount 22 employees
  • Deadline for submitting bids: 31/01/2025

Pharmacie du Grand Parilly

Main features:

  • Business: Pharmacy
  • Location: Vénissieux (Rhône Alpes)
  • Company registration number:: 495 092 744
  • 2024 revenues: 5,2 M€ – 2023 revenues: 4,9 M€
  • Headcount 17 employees
  • Deadline for submitting bids: 24/01/2025

Road haulage company

Main features:

  • Business: Road haulage company (70% chartering)
  • Location: Corrèze
  • 2024 revenues: 2,3 M€
  • Headcount 23 employees, including 20 truck drivers
  • Deadline for submitting bids: 11/12/2024

Manufacturer of laminated materials

Main features:

  • Business: B2B and B2C manufacturer and seller of laminated materials (specialising in lampshades)
  • Location: Vénissieux (Rhône Alpes)
  • 2024 revenues: 5,2 M€ – 2023 revenues: 4,9 M€
  • Headcount 17 employees
  • Deadline for submitting bids: 24/01/2025

Company specialising in the repair and sale of agricultural machinery

Main features:

  • Business: Company specialising in the repair and sale of agricultural machinery, trade in all spare parts for agricultural machinery.
  • Location: Charentes
  • 2023 revenues: 1,8 M€
  • Headcount less than 10 employees
  • Deadline for submitting bids: 02/12/2024

General mechanics, purchase and sale of agricultural vehicles

Main features:

  • Business: General mechanics, purchase and sale of agricultural vehicles
  • Location: Drôme
  • Last financial revenues: 2,7 M€ – Revenues for year N-1 : 18,4 M€
  • Headcount 5 employees
  • Deadline for submitting bids: 10/01/2025