News
01.11.2024Arnaud Pédron, Laura Bavoux, Numa Rengot

Distressed acquisition opportunities – October 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.

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).

Groupe Mare Nostrum

Main features:

  • Business: Temporary work, freelance administration, training, HR services, recruitment – 34 companies, including 17 temporary work agencies
  • Location: Aura, Bretagne, Nouvelle Aquitaine, Occitanie, PACA, Paris area
  • 2023 revenues: 106 M€
  • Headcount 145 employees and 1909 tempory workers
  • Deadline for submitting bids: 12/11/2024

Leading European player in seamless speciality tubes

Main features:

  • Business: Leading European player in seamless speciality tubes
  • Location: Montbard (Côte d’Or)
  • 2023 revenues: 50,5 M€ – 2022 revenues: 69,3 M€ – 2021 revenues: 47,9 M€
  • Headcount 130 employees
  • Deadline for submitting bids: 10/12/2024

Industrial group

Main features:

  • Business: Industrial group, mechanical engineering industry – Precision mechanics
  • Location: Amboise (Indre et Loire) and Cholet (Maine et Loire)
  • Company registration number: 321 017 170
  • 2023 revenues: Holding: 20 M€ – Company 1: 13,5 M€ – Company 2: 6 M€
  • Headcount: Holding: 190 employees – Company 1: 120 employees – Company 2: 48 employees
  • Deadline for submitting bids: 31/10/2024

Freight delivery company

Main features:

  • Business: Company delivering ‘last mile’ goods using 100% environmentally friendly vehicles in the Ile-de-France region
  • Location: Chilly Mazarin (Essonne) et Thiais Seine et Marne)
  • 2024 revenues: 13,6 M€ – 2023 revenues:15 M€
  • Headcount 24 employees
  • Deadline for submitting bids: 18/11/2024
transport routier

Transports Philippe Cazaubon

Main features:

  • Business: Transport and logistics
  • Location: Saint-Perdon (Landes)
  • Company registration number: 351 220 744
  • 2023 revenues: 11,3 M€
  • Headcount 93 employees
  • Deadline for submitting bids: 19/11/2024

IT systems and software consultancy

Main features:

  • Business: IT systems and software consultancy
  • Location: Dijon (Côte d’Or)
  • CA du 20/05/2022 au 31/01/2023 : 4,3 M€
  • Headcount 93 employees
  • Deadline for submitting bids: 25/11/2024

LR Automobiles

Main features:

  • Business: Manufacture of and trade in rubber, elastomer, plastic products and derivatives
  • Location: Meyzieu (69)
  • Company registration number: 397 465 196
  • 2023 revenues: 3,7 M€ – 2022 revenues: 3,9 M€ – 2021 revenues: 3,9 M€
  • Headcount 23 employees
  • Deadline for submitting bids: 30/10/2024

Askol

Main features:

  • Business: Manufacture of and trade in rubber, elastomer, plastic products and derivatives
  • Location: Meyzieu (69)
  • Company registration number: 397 465 196
  • 2023 revenues: 3,7 M€ – 2022 revenues: 3,9 M€ – 2021 revenues: 3,9 M€
  • Headcount 23 employees
  • Deadline for submitting bids: 30/10/2024

Top-of-the-range eyewear

Main features:

  • Business: Design and distribution of top-of-the-range eyewear for men and women
  • Location: Paris
  • 2024 (project) revenues: 3,2M€ – 2023 (project) revenues: 5,7 M€ – 2022 revenues: 6,6 M€
  • Headcount 17 employees
  • Deadline for submitting bids: 18/11/2024

Agéfret

Main features:

  • Business: Road freight transport
  • Location: Bouches du Rhône
  • Company registration number: 820 843 373
  • 2023 revenues: 3,1 M€
  • Headcount 18 employees
  • Deadline for submitting bids: 15/10/2024

Orium

Main features:

  • Business: Import and marketing of technical products (solar batteries, clocks, air quality meters, garden equipment, etc.)
  • Location: Sainte-Luce-sur-Loire (Loire Atlantique)
  • Company registration number: 384 140 729
  • 2023 revenues: 2,8 M€
  • Headcount 12 employees
  • Deadline for submitting bids: 27/10/2024

Reconditioning of used printer cartridges

Main features:

  • Business: Reconditioning of used printer cartridges (dismantling, cleaning, changing components, refilling cartridges)
  • Location: Hérault
  • 2023 revenues: 1,8 M€ – 2022 revenues: 1,9 M€ – 2021 revenues: 1,8 M€
  • Headcount 22 employees
  • Deadline for submitting bids: 25/11/2024

Dentelles Michel Storme

Main features:

  • Business: Design and manufacture of lace mainly for the lingerie and dress & accessories markets
  • Location: Calais (Pas de Calais)
  • Company registration number: 314 953 423
  • 2023 revenues: 970 K€
  • Headcount 18 employees
  • Deadline for submitting bids: 29/11/2024

Catering and drinks

Main features:

  • Business: Catering and drinks – Licence IV
  • Location: Paris
  • 2023 revenues: 678 K€
  • Headcount 5 employees
  • Deadline for submitting bids: 25/11/2024

Caddie (company in receivership)

Main features:

  • Business: Takeover of tangible assets (according to inventory) and intangible assets (brands and domain names)
  • Location: Dettwiller (Bas Rhin)
  • Deadline for submitting bids: 29/11/2024