Distressed acquisition opportunities – September 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).

		Groupe Clestra Hauserman Main features: Business: World leader in the design, manufacture and installation of movable partitions for office buildings – controlled atmosphere rooms. Location: The group operates on a global scale, with numerous subsidiaries in Europe. Headcount 670 employees 2021 revenues: 142 M€ Deadline for submitting bids: 23/09/2022
		Saint Jean Industries Laval Main features: Business: Foundry activity (cast iron and steel) of industrial parts and automotive engine components. Location: Changé (Mayenne) Company registration number: 513 166 595 Headcount 95 employees 2021 revenues: 13,9 M€ Deadline for submitting bids: 28/10/2022
		Flin Escaliers France Main features: Business: Manufacture and marketing of stairs and products made of wood and wood derivatives. Location: Languenan (Côtes-d’Armor) Company registration number: 838 545 457 Headcount 95 employees 2021 revenues: 9,6 M€ Deadline for submitting bids: 07/10/2022
		Public works and construction Main features: Business: Public works and construction. Location: Beauvais (Oise) Headcount 31 employees Revenues as of 28/2/2022: 5 M€ Deadline for submitting bids: 07/10/2022
		SCI Scintelle Main features: Business: Manufacture, sale and installation of verandas, pergolas, woodwork, gates, blinds. Location: Mortefontaine-en-Thelle (Oise) Headcount 33 employees 2021 revenues: 4 M€ – 2020 revenues: 4,7 M€ – 2019 revenues: 6,4 M€ Deadline for submitting bids: 17/10/2022
		Concentrated thermodynamic solar power plant Main features: Business: Company operating a concentrated thermodynamic solar power plant. Location: Pyrénées-Orientales Headcount 49 employees 2021 revenues: 3,5 M€ – 2021 revenues of the SPV: 4,4 M€ Deadline for submitting bids: 17/10/2022
		High-end childcare Main features: Business: Sale of high-end childcare articles on the Internet (company A) and in specialized stores (company B). Location: Company A offices in Sèvres (92), company B stores in Paris 6 and Paris 17 Headcount 7 employees 2022 revenues (15 months) : 3,4 M€ / 2,3 M€ – 2021 revenues (15 months) : 5,2 M€ / 1,8 M€ – 2020 revenues (15 months) : 5,5 M€ / 1,4 M€ Deadline for submitting bids: 13/10/2022
		Aluminum joinery and metalwork Main features: Business: Design office, manufacture and installation of aluminum joinery and metalwork. Location: Occitanie et Rhône-Alpes Headcount less than 50 employees 2021 revenues: 3 M€ – 2020 revenues: 4 M€ – 2019 revenues: 5 M€ Deadline for submitting bids: 05/10/2022
		Precision mechanics and micromechanics Main features: Business: Company specialized in precision mechanics and micromechanics to machine complex parts, very small dimensions, made of special materials (titanium, aluminum, stainless steel). Location : Ile-de-France Headcount 13 employees 2021 revenues: 1,9 M€ Deadline for submitting bids: 05/10/2022
		Global Business Service Main features: Business: Maintenance of office equipment. Location: Boulogne-Billancourt (Hauts-de-Seine) and Paris area Company registration number: 393 547 971 Headcount 6 employees 2021 revenues: 1,8 M€ Deadline for submitting bids: 23/09/2022
		Prestance Sécurité Main features: Business: Private security and guarding. Location: Saint-Etienne (Auvergne Rhône-Alpes) Company registration number: 494 099 955 Headcount 67 employees 2021 revenues: 1,6 M€ – 2020 revenues: 2,4 M€ – 2019 revenues: 2,1 M€ Deadline for submitting bids: 07/10/2022
		Sud France Packing Main features: Business: Custom packaging for the food industry. Location: Bouches-du-Rhône Company registration number: 811 124 338 Headcount 24 employees 2022 revenues: 1,2 M€ – 2021 revenues: 1 M€ Deadline for submitting bids: 25/10/2022
		Traditional carpentry – Fittings Main features: Business: Traditional carpentry, fittings, furnishings, staircases, construction of wood-frame houses. Location: Alsace Headcount 8 employees 2021 revenues: 1,15 M€ Deadline for submitting bids: 02/11/2022
		Scop Huma Print (anciennement Helio Corbeil) Main features: Business: Printing (digital printing, small and large format, with variability management for personalization). Location: Combs-la-Ville (Seine-et-Marne) Company registration number: 539 938 878 Headcount 31 employees 2021 revenues: 559 K€ – 2020 revenues: 7,7 M€ – 2019 revenues: 12,2 M€ Deadline for submitting bids: 30/09/2022
		Deeptech Main features: Business: Development of tools for planning, optimization and design of urban systems. Location: Paris Headcount 5 employees Deadline for submitting bids: 27/09/2022
		SAS Luderix International Main features: Assignment of commercial leases : – Nice (Mall Nice Forum Lingostière) – Paris La Défense (Mall les 4 Temps) – Aulnay-sous-Bois (Mall Parinor) – Eragny-sur-Oise (Mall Art de Vivre). Location: Villeneuve-d’Ascq (headquarters) Company registration number: 310 635 347 Deadline for submitting bids: 28/09/2022