Distressed acquisition opportunities – April 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 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).

		Ready-to-wear for women and accessories Main features: Business: Company owning an international brand specialising in the sale of women’s ready-to-wear clothing and accessories Location: All France and Spain, Italy, Belgium 2023 revenues: 115,6 M€ – 2022 revenues: 141,4 M€ – 2021 revenues: 115,5 M€ – 2020 revenues: 67,2 M€ Headcount 669 employees Deadline for submitting bids: 13/05/2024
		Multi-brand e-commerce site for fashion and home decoration Main features: Business: Multi-brand e-commerce site for fashion and home decoration. Top-of-the-range positioning Location: Paris 2023 revenues: 75,9 M€ Headcount 120 employees Deadline for submitting bids: 30/04/2024
		Exfret 44 – Transport Barré Main features: Business: Logistics transport company (reception – dispatch, multi-temperature warehousing and storage, stock management, order preparation and quality control) and A/B deliveries throughout France, Luxembourg, Belgium and Germany. The company specialises in the cold chain and adapts to the different temperatures that food products may require. Expertise in multi-temperature refrigerated and ambient transport in batches or half-batches. Also provides all other types of transport (courier, groupage, dedicated rounds, lots and deliveries to retailers, complete and provision of driver vehicles). Location: Vallet (Loire-Atlantique) Company registration number: 447 857 665 2022 revenues: 37,6 M€ – 2021 revenues: 35,4 M€ – 2020 revenues: 27,9 M€ – 2019 revenues: 29,5 M€ Headcount 257employees Deadline for submitting bids: 26/04/2024
		Usinage de Compiègne Main features: Business: Manufacture of cast and machined aluminium, iron and steel automotive components Location: Oise Company registration number: 478 500 275 2022 revenues: 21 M€ Headcount 41 employees Deadline for submitting bids: 31/05/2024
		Optical and hearing care Main features: Business: 22 optical and hearing aid outlets Location: Ile-de-France and a sales outlet in Marseille 2022 revenues: 5,7 M€ – 2021 revenues: 6,5 M€ Headcount 51 employees Deadline for submitting bids: 06/05/2024
		Brand KFC Main features: Business: Company operating a fast-food restaurant specialising in chicken under the KFC franchise. Location: Paris Company registration number: 803 218 163 2022 revenues: 4 M€ – 2021 revenues: 3,54 M€ – 2020 revenues: 2,8 M€ Headcount 27 employees Deadline for submitting bids: 26/04/2024
		Planète Soif Main features: Business: Beverage wholesaling Location: Calais (Hauts-de-France) Company registration number: 438 475 022 2022 revenues: 3,2 M€ Headcount 2 employees Deadline for submitting bids: 30/04/2024
		Magnetotherapy and pressotherapy products Main features: Business: Sales of magnetotherapy and pressotherapy products to private individuals at meetings Location: Paris 2023 revenues: 3,2 M€ Headcount 2 employees Deadline for submitting bids: 03/05/2024
		SoGeNo – Brand La Foir’Fouille Main features: Business: Trade in all articles and products relating to personal and household goods Company registration number: 434 912 531 2023 revenues: 2,6 M€ Deadline for submitting bids: 19/04/2024
		3 D Revêtements urbains Main features: Business: French and European market leader in methacrylate resin products for urban development in France and abroad Location: Poitiers (Vienne) Company registration number: 435 230 560 22/23 revenues: 2,5 M€ – 21/22 revenues: 2,3 M€ – 20/21 revenues: 2,5 M€ Headcount 15 employees Deadline for submitting bids: 21/05/2024
		Othis Formation Main features: Business: Specialist training company (continuing education, apprenticeships and consultancy) Location: Carros le Broc (Alpes Maritimes) Company registration number: 488 520 693 2023 revenues: 2 M€ – 2022 revenues: 2,3 M€ – 2021 revenues: 2,4 M€ Headcount 40 employees Deadline for submitting bids: 26/04/2024
		Lacombat Main features: Business: 55% of ALU/PVC/Wood exterior joinery renovation (windows, shutters, entrance doors, garage doors and gates) and 45% of solar protection (pergolas, blinds, screens) Location: Riom (Puy de Dôme) Company registration number: 493 414 270 2023 revenues: 1,7 M€ – 2022 revenues: 1,8 M€ Headcount 5 employees Deadline for submitting bids: 25/04/2024
		Solvenn Main features: Business: Manufacture of paints and chemical products (maintenance, hygiene, upkeep) Location: Trégueux (Côtes d’Armor) Company registration number: 498 668 748 2023 revenues: 1,4 M€ – 2022 revenues: 1,4 M€ Headcount 20 employees Deadline for submitting bids: 29/04/2024