News
29.08.2022Arnaud Pédron, Numa Rengot

Distressed acquisition opportunities – August 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).

 

Industrial painting and special coatings

Main features:

  • Business: Industrial painting and special coatings.
  • Location: Rhône-Alpes
  • Headcount 54 employees
  • 2022 revenues: 8,2 M€ – 2021 revenues: 8,6 M€ – 2020 revenues: 10,3 M€
  • Deadline for submitting bids: 26/09/2022

Coordination and realization of photovoltaic installations

Main features:

  • Business: Coordination and realization of photovoltaic installations.
  • Location: Provence-Alpes-Côte d’Azur
  • Headcount 21 employees
  • 2021 revenues: 5,4 M€
  • Deadline for submitting bids: 16/09/2022

Opalenergie

Main features:

  • Business: Electrical, plumbing, heating, ventilation and air conditioning work in the housing, tertiary and industrial sectors.
  • Location: Etaples (Pas-de-Calais)
  • Company registration number: 814 889 820
  • Headcount 30 employees
  • 2021 revenues: 5,4 M€
  • Deadline for submitting bids: 12/09/2022

Jouneau

Main features:

  • Business: Wood and PVC joinery and fittings.
  • Location: Redon (Ille-et-Vilaine)
  • Company registration number: 338 132 061
  • Headcount 9 employees and 2 trainees
  • 2020 revenues: 1,8 M€
  • Deadline for submitting bids: 13/09/2022

Repair of floors, industrial resins, waterproofing

Main features:

  • Business: Repair of floors, industrial resins, waterproofing.
  • Location: Rhône-Alpes
  • Headcount 10 employees
  • 2022 revenues: 1,3 M€ – 2021 revenues: 1,4 M€ – 2020 revenues: 2,4 M€
  • Deadline for submitting bids: 26/09/2022

Hôtel Room Mate Alain – Champs Elysées

Main features:

  • Business: Company operating the Room Mate Alain hotel (4 stars): 50 rooms, a restaurant bar, a spa, a fitness center.
  • Location: Paris
  • Company registration number: 837 597 103
  • Headcount 21 employees
  • 2021 revenues: 1,3 M€ – 2020 revenues: 800 K€ – 2019 revenues: 2,5 M€ – CA 2018 : 1,7 M€
  • Deadline for submitting bids: 28/09/2022

Printing on fabric

Main features:

  • Business: Purchase, sale, manufacture, import-export of all textile articles, made up or not. Manufacturing by knitting, rotary and digital printing on fabric.
  • Headcount 15 employees
  • 2021 revenues: 1,2 M€ – 2020 revenues: 2,6 M€ – 2019 revenues: 2,7 M€
  • Deadline for submitting bids: 23/09/202

Telecom Radio Operator

Main features:

  • Business: Telecom Radio Operator – 4G/5G/Wifi/LoRA, integrator and developer of innovative solutions for communities and companies.
  • Location: Paris area and North
  • Headcount 6 employees
  • 2021 revenues: 576 K€ – 2020 revenues: 800 K€
  • Deadline for submitting bids: 02/09/2022

Next Station

Main features:

  • Business: Recruitment platform for international profiles for companies based mainly in France, Spain, Netherlands, Germany, Portugal and England.
  • Location: Montreuil (Seine-Saint-Denis)
  • Company registration number: 842 888 265
  • Headcount 24 employees
  • 2021 revenues: 399 K€
  • Deadline for submitting bids: 19/09/2022