Distressed acquisition opportunities – October 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).

		Carelide Main features: Business: A global player in the manufacture and distribution of single-use drugs and medical devices designed to improve healthcare practices. Location: Mouvaux (Nord) Company registration number: 824 365 449 Headcount 430 employees 2021 revenues: 41 M€ Deadline for submitting bids: 28/11/2022
		Development and implementation of telecommunications systems Main features: Business: Development and implementation of telecommunications systems. Location: Charente-Maritime Headcount 124 employees 2022 revenues: 13 M€ Deadline for submitting bids: 10/11/2022
		Transports Cazaux Main features: Business: Local road freight transport Location: Sainte-Hélène (Gironde) Company registration number: 338 639 792 Headcount 82 employees 2021 revenues: 12,2 M€ Deadline for submitting bids: 04/11/2022
		Telecommunications Main features: Business: Telecommunications (from design to implementation). Location: Occitanie Headcount 79 employees 2021 revenues: 10 M€ Deadline for submitting bids: 04/11/2022
		ONG Conseil France Main features: Business: Non-Profit Resource Development Corporation. Location: Paris (Ile-de-France) Company registration number: 452 439 466 Headcount 91 employees 2021 revenues: 10,3 M€ Deadline for submitting bids: 07/11/2022
		E-commerce website Main features: Business: Trade and in-store sales of premium fishing equipment (B to B). Location: Lieusaint (Seine-et-Marne) Company registration number: 379 644 792 Headcount 19 employees 2021 revenues: 4,2 M€ Deadline for submitting bids: 31/10/2022
		Rive – Premium fishing equipment Main features: Activité : Négoce et vente en magasin de matériel de pêche premium (B to B). Implantation géographique : Lieusaint (Seine-et-Marne) RCS : 379 644 792 Effectif : 19 salariés CA 2021 : 4,2 M€ DLDO : 31/10/2022
		Electrical installation work in all premises Main features: Business: Electrical installation work in all premises. Location: Illkirch-Graffenstaden (Bas-Rhin) Headcount 24 employees 2021 revenues: 4,1 M€ Deadline for submitting bids: 16/12/2022
		Loire Etude Main features: Business: Design and production of large cold and hot stamping tools, large size machining. Location: Saint-Chamond (Loire) Company registration number: 966 506 057 Headcount 34 employees 2021 revenues: 3,9 M€ Deadline for submitting bids: 07/11/2022
		TWC Main features: Business: wholesale of jewelry and watches. Location: Paris (Ile-de-France) et Etalans (Doubs) Headcount 19 employees 2021 revenues: 3,7 M€ Deadline for submitting bids: 02/11/2022
		Optiplus Main features: Business: Independent distributor of optical products to professionals (sale of ophthalmic lenses, contactology products and optical cleaners). Location: Les Roches-de-Condrieu (Isère) Company registration number: 498 674 357 Headcount 9 employees 2021 reveues: 3 M€ Deadline for submitting bids: 12/12/2022
		Motoreducteurs R Vassal Main features: Business: Manufacture, sale, renovation and repair of electromechanical equipment such as gear motors. Location: Elancourt (Yvelines) Company registration number: 505 240 770 Headcount 18 employees 2021 revenues: 2,8 M€ Deadline for submitting bids: 10/11/2022
		Lepage Geslin Main features: Business: Specialized construction work. Location: Meslay du Maine (Mayenne) Company registration number: 327 469 383 Headcount between 20 and 49 employees 2021 revenues: 2,5 M€ Deadline for submitting bids: 07/11/2022
		Orsi Impression Main features: Business: Commercial and packaging printing. Location: Aubagne (Bouches-du-Rhône) Company registration number: 401 259 759 Headcount 10 employees 2021 revenues: 1,2 M€ Deadline for submitting bids: 04/11/2022
		Outdoor Editions Main features: Business: Publishing and marketing of a magazine. Location: Lyon (Rhône) Company registration number: 403 880 073 Headcount 3 employees 2021 revenues: 724 K€ Deadline for submitting bids: 07/11/2022
		Femmes ici et ailleurs Main features: Business: Publishing and marketing of a magazine. Location: Lyon (Rhône) Company registration number: 447 764 713 Headcount 7 employees 2021 revenues: 222 K€ Deadline for submitting bids: 14/11/2022