immeuble-franklin

Distressed acquisition opportunities – 10 february 2025

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).

 

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Allibert

Main features:

  • Business: Manufacture of bathroom fitting products
  • Location: Rosières-près-Troyes (Aube) and Châtellerault (Vienne)
  • Company registration number: 825 820 376
  • 2023 revenues (group) : 40,2 M€
  • Headcount 136 employees
  • Deadline for submitting bids: 03/03/2025

SAS Atelier

Main features:

  • Business: Design and manufacture of parts for the automotive industry for vehicle and equipment manufacturers: hot and cold forging, turning, gear grinding, heat and surface treatment, in particular for the manufacture of forged pinions for engines and differentials, as well as transmission and steering parts
  • Location: Montluçon and Guéret (Creuse)
  • 2024 revenues: 36 M€ – 2023 revenues: 50 M€ – 2022 revenues: 48 M€ – 2021 revenues: 46 M€
  • Headcount 90 employees (340 in Montluçon and 40 in Guéret)
  • Deadline for submitting bids: 28/02/2025

Locamod

Main features:

  • Business: Company specialising in the hire of machinery and equipment for the construction and public works sector
  • Company registration number: 393 148 531
  • 2023 revenues: 29,5 M€
  • Headcount 117 employees
  • Deadline for submitting bids: 07/03/2025

Florepi

Main features:

  • Business: The manufacture of industrial pastries (traditional sweet, baked and frozen). The products are sold to supermarkets, catering outlets and specialised networks of local bakeries and pastry shops, in France and abroad.
  • Location: Villeneuve-sur-Aisne (Aisne)
  • Company registration number: 419 512 991
  • 2023 revenues: 27 M€
  • Headcount 168 employees
  • Deadline for submitting bids: 28/02/2025

Sale of garden equipment

Main features:

  • Business: Company specialising in the sale of furniture, lighting, decorations and garden accessories
  • 2023 revenues: 16,6 M€ – 2022 revenues: 19,3 M€ – 2021 revenues: 22,3 M€ – 2020 revenues: 14,8 M€
  • Headcount 38 employees
  • Deadline for submitting bids: 14/03/2025

PACA Informatique

Main features:

  • Business: Data Management & Protection Company – Cybersecurity – Design and sale of IT products, all IT-related services. The creation, development, integration, sale and maintenance of IT products, hardware or software, by any means. All security services and consultations for the protection of computer data, distribution and maintenance of all IT products
  • Location: Marseille (Bouches-du-Rhône)
  • 2023 revenues: 14 M€
  • Headcount 140 employees
  • Deadline for submitting bids: 21/02/2025

Robotique et intelligence artificielle

Main features:

  • Business: A pioneering company in robotics and artificial intelligence: revolutionary technologies for an autonomous future
  • 2023 revenues: 12,4 M€
  • Headcount 166 employees
  • Letter of intent: 28/02/2024 – Deadline for submitting bids: 22/04/2025

Gentie

Main features:

  • Business: A full range of transport and logistics services, divided into three activities: – transport of dangerous goods in tankers (heavy and light hydrocarbons); transport of general goods in tautliners; transport of food grains in moving floors
  • Location: Sansac de Marmiesse (Cantal)
  • Company registration number: 352 790 364
  • 2023 revenues: 10,6 M€ – 2022 revenues: 8,9 M€ – 2021 revenues: 8,1 M€
  • Headcount 49 employees
  • Deadline for submitting bids: 27/02/2025

Freight transport and logistics

Main features:

  • Business: Freight transport and logistics
  • Location: Toulouse (Haute Garonne)
  • Revenues: 10 M€
  • Headcount 62 employees
  • Deadline for submitting bids: 26/02/2025

Online decoration media

Main features:

  • Business: Operates an online media and publishes and markets its own furniture, lighting and decoration creations
  • 2024 revenues: 9 M€
  • Headcount 33 employees
  • Deadline for submitting bids: 10/03/2025

Glénat

Main features:

  • Business: Restoration and rehabilitation of old buildings: stone cutting and masonry, lime rendering, pointing, whitewash, etc.
  • Location: Saint Roman (Isère)
  • 2023 revenues: 2,6 M€ – 2022 revenues: 2,8 M€ – 2021 revenues: 3,2 M€
  • Headcount 22 employees
  • Deadline for submitting bids: 14/07/2025

Lovebox

Main features:

  • Business: Design and sale of connected objects
  • Location: Grenoble (Isère)
  • Company registration number: 814 103 685
  • 2023 revenues: 2,3 M€ – 2022 revenues: 5,1 M€ – 2021 revenues: 4,2 M€
  • Headcount 5 employees
  • Deadline for submitting bids: 07/03/2025

Solution SAAS

Main features:

  • Business: SAAS solution for French and international retailers (luxury goods, fashion, beauty, restaurants) to simplify communication between head office and field teams, and to manage in-store tasks
  • 2023 revenues: 2,2 M€ – 2022 revenues: 2,5 M€
  • Headcount 17 employees
  • Deadline for submitting bids: 14/02/2025

Software publisher

Main features:

  • Business: Software publisher specialising in medical information systems for healthcare professionals
  • Location: Saint Germain en Laye (Yvelines) and Lyon (Rhône)
  • 2023 revenues: 1,7 M€ – 2022 revenues: 2,6 M€ – 2021 revenues: 2,5 M€
  • Headcount 25-30 employees
  • Deadline for submitting bids: 10/03/2025

Shipyard

Main features:

  • Business: Shipyard
  • Location: Quimper (Finistère)
  • 2022 revenues: 101 K€ – 2021 revenues: 183 K€
  • Headcount 21 employees
  • Deadline for submitting bids: 21/02/2025