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).

Schreiber – Relius

Main features:

  • Business: Building paint distribution
  • Location: 7 branches in Alsace Lorraine, one in Marseille and one in Vesoul
  • Company registration number: 523 398 832
  • 2023 revenues: 19 M€
  • Headcount 43 employees
  • Deadline for submitting bids: 17/01/2025

Groupe Francis Lavigne

Main features:

  • Business: Manufacturing and marketing of 100% European medical, paramedical and comfort footwear for national and international customers
  • Location: Puyoo (Pyrénées Atlantique)
  • Company registration number: PAB : 420 522 849 – APCFL : 410 265 136 – SPAC : 388 781 569
  • 2023 revenues: PAB : 10,3 M€ – APCFL : 4,6 M€ – SPAC : 4,2 M€
  • Headcount 17 employees
  • Deadline for submitting bids: 14/02/2025

Mecan’Outil

Main features:

  • Business: Design and manufacture of tools and machines for industrial joinery, machines for the production of roller shutters, and machines for the processing of profiled sheet metal
  • Location: Mésanger (Loire Atlantique)
  • Company registration number: 324 321 025
  • 2024 revenues: 5,1 M€ – 2023 revenues: 4,5 M€ – 2022 revenues: 5,4 M€
  • Headcount35 employees
  • Deadline for submitting bids: 31/01/2025

Web and social network monitoring and surveillance

Main features:

  • Business: Web and social network monitoring and surveillance
  • Location: Entire France – Head office in Paris
  • 2023 revenues: 4,3 M€ – 2022 revenues: 4,3 M€ – 2021 revenues: 4,8 M€
  • Headcount 32 employees
  • Deadline for submitting bids: 15/01/2025

Partitioning and soundproofing

Main features:

  • Business: Implementation of partitioning and soundproofing systems and procedures for projects in the tertiary sector
  • Location: Saint-Fons (Rhône Alpes)
  • 2024 revenues: 4,2 M€ – 2023 revenues: 4,8 M€ – 2022 revenues: 4,1 M€
  • Headcount 11 employees
  • Deadline for submitting bids: 20/01/2025

TMB Constructions

Main features:

  • Business: General masonry work and building shells: building construction and shotcrete
  • Location: Brittany region, Nantes and suburbs
  • Company registration number: 797 935 335
  • 2024 revenues (5 months): 2,3 M€ – 2023 revenues: 7,5 M€ – 2022 revenues: 3,5 M€
  • Headcount 18 employees
  • Deadline for submitting bids: 15/01/2025

Cozy Cloud

Main features:

  • Business: SaaS integrated from: drive, cloud, password manager, artificial intelligence, security, services for local authorities, digital and social inclusion, education
  • Location: All France – Head office in Hauts-de-Seine
  • Company registration number: 789 037 678
  • 2023 revenues: 2,4 M€ – 2022 revenues: 1,8 M€ – 2021 revenues: 1,5 M€
  • Headcount 13 employees
  • Deadline for submitting bids: 27/12/2024

New Effigear

Main features:

  • Business: Design, development, manufacture and marketing of cycle transmission systems in the form of gearboxes, replacing the derailleur
  • Location: Maclas (Loire)
  • Company registration number: 885 185 322
  • 2023 revenues: 1,7 M€ – 2022 revenues: 719 K€ – 2021 revenues: 305 K€
  • Headcount 8 employees
  • Deadline for submitting bids: 24/01/2025

Bliss

Main features:

  • Business: Design and marketing of digital therapies for the treatment of healthcare-induced pain
  • Location: Laval (Mayenne)
  • Company registration number: 534 750 609
  • 2023 revenues: 629 K€
  • Headcount 9 employees
  • Deadline for submitting bids: 12/01/2025

Piepacker

Main features:

  • Business: Turnkey development & operations for an enterprise cloud gaming service. White-label cloud gaming (enterprise channel) and video game distribution platform (SaaS channel)
  • Location: Paris
  • Company registration number: 882 922 289
  • Headcount 4 employees
  • Deadline for submitting bids: 17/01/2025