immeuble-franklin

Distressed acquisition opportunities – December 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.

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).

Footwear design, production and trading

Main features:

  • Business: Design, production and trading of women’s and men’s shoes made in Europe
  • 2023 revenues: More than 15 M€
  • Headcount: 130 employees
  • Deadline for submitting bids: 15/01/2025

Rhône placages & composants

Main features:

  • Business: Buying and selling wood for all uses
  • Location: Saint-Laurent-de-Mure (Rhône Alpes)
  • Company registration number: 304 098 353
  • 2023 revenues: 12,4 M€ – 2022 revenues: 21,4 M€ – 2021 revenues: 20,5 M€
  • Headcount: 48 employees
  • Deadline for submitting bids: 13/01/2025

IT engineering services

Main features:

  • Business: IT engineering services
  • Location: Hauts-de-Seine
  • 2023 revenues: 8 M€
  • Headcount: 87 employees
  • Deadline for submitting bids: 20/12/2024

Renovation painting, flooring, glazing and mirrors

Main features:

  • Business: Renovation painting, flooring, glazing and mirrors (mainly for public authorities)
  • Location: Essonne
  • 2024 revenues: 7,8 M€
  • Headcount: 41 employees
  • Deadline for submitting bids: 15/12/2024

Suma Aéro

Main features:

  • Business: Machining of aluminium, stainless steel and titanium parts and sub-assemblies, mainly for the aerospace and defence industries
  • Location: Somme
  • Company registration number: 307 380 261
  • 2023 revenues: 4,3 M€ – 2019 revenues: 7,1 M€
  • Headcount: 34 employees
  • Deadline for submitting bids: 20/12/2024

Space planning

Main features:

  • Business: Planning and carrying out all types of interior design work and manufacturing and fitting wooden furniture
  • Location: Loire
  • 2023 revenues: 4,3 M€
  • Headcount: 15 employees
  • Deadline for submitting bids: 18/12/2024

Hospitality group (5 hotels)

Main features:

  • Business: The group offers a ‘hostel’ concept: hybrid tourist accommodation combining hostels, boutique hotels and guest rooms to create a memorable and sustainable travel experience.
  • Location: Lyon (holding company, 2 hotels and cocktail bar) and Nice (hotel and premises)
  • 2024 revenues (5 facilities) : 3,6 M€
  • Effectif : 33.4 full-time equivalent employees at 5 sites
  • Deadline for submitting bids: 27/01/2025

Public works

Main features:

  • Business: Public works specialising in burying electricity, fibre optics, water and gas networks
  • Location: Aveyron
  • 2023 revenues: 3 M€ – 2022 revenues: 3,3 M€
  • Headcount: 23 employees
  • Deadline for submitting bids: 16/12/2024

Peduzzi Isolation

Main features:

  • Business: Thermal insulation and lagging of pipes or industrial installations, rental and installation
  • Location: Lyon and Alsace area
  • Company registration number: 419 953 666
  • Last year’s revenues: 2,4 M€
  • Headcount: 13 employees
  • Deadline for submitting bids: 20/12/2024

Société nouvelle Olivier TP

Main features:

  • Business: Public works, earthworks and demolition
  • Location: Angerville-la-Campagne (Eure)
  • Company registration number: 823 822 432
  • 2023 revenues: 1,8 M€
  • Headcount: 8 employees
  • Deadline for submitting bids: 07/12/2024

Butcher’s and delicatessen

Main features:

  • Business: Butcher’s and delicatessen
  • Location: Paris
  • Company registration number: 419 953 666
  • 2023 revenues: 1,3 M€ – 2022 revenues 1,2 M€
  • Headcount: 3 employees
  • Deadline for submitting bids: 20/12/2024