immeuble Franklin

Distressed acquisition opportunities – October 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).

JINJIANG SAM

Main features:

  • Business: Company specialising in the design and manufacture of highly technical, die-cast and machined aluminium alloy components for the automotive industry.
  • Company registration number: 833 669 625
  • Location : Tarascon-sur-Ariège (Ariège)
  • 2020 revenues: 22 M€
  • Deadline for submitting bids: 30/09/2021

Cabinetmaking company

Main features:

  • Business: Cabinetmaking company: furniture manufacture and fitting out.
  • Location: Grand Ouest
  • Headcount 51 employees
  • 2020 revenues: 8,4 M€

Courier – Transport of small parcels

Main features:

  • Business: Courier – Transport of small parcels.
  • Location: Hauts-de-France & Ile-de-France
  • Headcount 149 employees
  • 2020 revenues: 7,7 M€
  • Deadline for submitting bids: 11/10/2021

Dika Carpentry

Main features:

  • Business: Fabrication et négoce de menuiseries en PVC, aluminium et de volets roulants.
  • Company registration number: 381 417 419
  • Location: Plérin (Côte d’Armor)
  • Headcount 58 employees
  • 2020 revenues: 7 M€
  • Deadline for submitting bids: 07/10/2021

Piping Boilermaking Assembly

Main features:

  • Business: Piping Boilermaking Assembly.
  • Location: Port-de-Bouc (Bouches-du-Rhône)
  • Headcount 25 employees
  • 2020 revenues: 4 M€
  • Deadline for submitting bids: 08/10/2021

SA Fonderie & Mécanique

Main features:

  • Business: Lamellar and spheroidal graphite foundry – Know-how in the manufacture of large cylinders.
  • Company registration number: 317 866 895
  • Location: Charente
  • Headcount 27 employees
  • 2020 revenues: 3,4 M€
  • Deadline for submitting bids: 08/10/2021

Airport security in Guadeloupe

Main features:

  • Business: Airport security in Guadeloupe.
  • Location: Antilles
  • Headcount 78 employees
  • 2020 revenues: 2,7 M€
  • Deadline for submitting bids: 08/10/2021

Building construction

Main features:

  • Business: Building finishing: Flooring / Plastering and painting / Plumbing.
  • Location: Isère
  • Headcount 23 employees
  • 2020 revenues: 2,2 M€
  • Deadline for submitting bids: 15/10/2021

Kovers – Company Qape

Main features:

  • Business: Health insurance brokerage company, distributor of health services.
  • Location: Tourcy (89), Paris area and Montpellier (34)
  • Company registration number: 819 502 154
  • Headcount 25 employees
  • 2020 revenues: environ 2 M€
  • Deadline for submitting bids: 29/09/2021
renovation

General building renovation company

Main features:

  • Business: General building renovation company.
  • Location: Val-de-Marne
  • Headcount 21 employees
  • Revenues: 1,77 M€
  • Deadline for submitting bids: 01/10/2021

Painting companies

Main features:

  • Business: Painting companies.
  • Location: Aube
  • Headcount 21 employees
  • Revenues : 1,6 M€
  • Deadline for submitting bids: 27/09/2021

Manufacture of specific machinery and equipment

Main features:

  • Business: Manufacture of specific machinery and equipment.
  • Location: Picardie
  • Headcount: between 10 and 50 employees
  • 2020 revenues: entre 1 et 3 M€
  • Deadline for submitting bids: 13/10/2021
transport routier

Transport of 12 and 7 tonne weights – Courier

Main features:

  • Business: Transport of 12 and 7 tonne weights, courier.
  • Location: Région parisienn
  • Headcount 44 employees
  • 2019 revenues: 1,3 M€
  • Deadline for submitting bids: 24/09/2021

Trading of valves and fittings and all supplies for industry, construction and agriculture

Main features:

  • Business: Trading of valves and fittings and all supplies for industry, construction and agriculture.
  • Location: Rennes
  • Headcount 27 employees
  • 2021 revenue (7 months): 1,2 M€

Ouistock – Company NS Group

Main features:

  • Business: Furniture storage – Storage and transport.
  • Location: Ile-de-France et Hauts-de-France
  • Company registration number: 801 998 113
  • Headcount 5 employees
  • 2020 revenues: 1 M€
  • Deadline for submitting bids: 25/10/2021

Air Training

Main features:

  • Business: Professional training centre specialising in the air transport sector.
  • Company registration number: 539 388 553
  • Location: Ile-de-France
  • Headcount 3 employees
  • 2020 revenues: less than 1 M€
  • Deadline for submitting bids: 07/10/2021

Construction and renovation of individual houses

Main features:

  • Business: Construction and renovation of individual houses.
  • Location: Voiron (Isère)
  • Headcount 4 employees
  • 2020 revenues: 918 K€
  • Deadline for submitting bids: 11/10/2021

Construction and renovation of swimming pools, water parks, spas

Main features:

  • Business: Construction and renovation of swimming pools, water parks, spas.
  • Location: Finistère
  • Headcount 8 employees
  • 2020 revenues: 915 K€
  • Deadline for submitting bids: 01/10/2021

Activity of fast repairs in plumbing – electricity of a company of the second work of the building

Main features:

  • Business: Activity of fast repairs in plumbing – electricity of a company of the second work of the building.
  • Location: Morbihan
  • Headcount 11 employees
  • 2020 revenues: 800 K€

General mechanics – Mechanics – Welding specialising in skidders & in-line shooters

Main features:

  • Business: General mechanics – Mechanics – Welding specialising in skidders & in-line shooters.
  • Location: Cher
  • Headcount 4 employees
  • 2020 revenues: 399 K€

SAS Mesca – Brand Velcan

Main features:

  • Business: Manufacture of carbon and fibre composite bicycles. Recently matured products.
  • Company registration number: 822 501 755
  • Location: Saint Saturnin
  • Headcount 56 employees
  • 2020 revenues: 233 K€
  • Deadline for submitting bids: 04/10/2021

Machining of individual parts, manufacture of moulds, design of special machines to plan

Main features:

  • Business: Machining of individual parts, manufacture of moulds, design of special machines to plan.
  • Location: Rhône
  • Headcount 5 employees
  • 2020 revenues: 229 K€
  • Deadline for submitting bids: 18/10/2021