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).

 

Dispeo

Main features:

  • Business: Logistics service provider, specializing in e-commerce and retail logistics, management of promotional and non-merchant flows, associated transport services
  • Location: Beauvais (Oise) and Evreux (Eure)
  • Company registration number: 529 192 304
  • 2023 revenues: 83 M€
  • Headcount 447 employees
  • Deadline for submitting bids: 02/01/2025

Ateliers Mécaniques et Industries Spéciales

Main features:

  • Business: Design and manufacture of automotive parts for OEMs and automakers
  • Location: Montluçon (Allier) and Guéret (Creuse)
  • Company registration number: 745 780 387
  • 2024 revenues (project): 36 M€ – 2023 revenues: 50 M€ – 2022 revenues: 48 M€ – 2021 revenues: 46 M€
  • Headcount 380 employees
  • Deadline for submitting bids: 31/01/2025

Cenpa

Main features:

  • Business: Manufacture of paper and cardboard for tubes in the hygiene and industrial sectors
  • Location: Schweighouse-sur-Moder (Bas-Rhin)
  • Company registration number: 352 790 364
  • 2023 revenues: 33,8 M€
  • Headcount 93 employees
  • Deadline for submitting bids: 30/01/2025

Retail – Intermarché brand

Main features:

  • Business: Food retailing, drive-through, delivery, petrol station under the “Intermarché” banner
  • Location: Mormant (Seine-et-Marne)
  • 2023 revenues: 14,8 M€ – 2022 revenues: 15,4 M€
  • Headcount 37 employees
  • Deadline for submitting bids: 17/01/2025

Computer hardware sales

Main features:

  • Business: Import, distribution and sale of computer hardware and peripherals
  • Location: Illikirch-Graffenstaden (Bas-Rhin)
  • 2023 revenues: 7,5 M€
  • Headcount 15 employees
  • Deadline for submitting bids: 10/01/2025

Novag

Main features:

  • Business: Manufacturing the world’s most innovative agricultural seed drills
  • Location: Fressines (Deux-Sèvres)
  • Company registration number: 532 779 659
  • 2023 revenues: 6,1 M€ – 2022 revenues: 5,3 M€ – 2021 revenues: 4,3 M€
  • Headcount 23 employees
  • Deadline for submitting bids: 14/02/2025

Radis et Capucine

Main features:

  • Business: Seed grower and manufacturer specializing in gardening kits and natural products for the home
  • Location: Trélazé, Angers area (Maine-et-Loire)
  • Company registration number: 323 873 331
  • 2023 revenues (18 months): 5 M€ – 2022 revenues: 4,8 M€ – 2021 revenues: 4,9 M€
  • Headcount 15 employees
  • Deadline for submitting bids: 13/01/2025

Dairy Alp’Alliance (D2A)

Main features:

  • Business: Sales, repair, maintenance and inspection of mechanical machinery and equipment, particularly milking equipment
  • Location: Haute Savoie, Savoie et Isère
  • Company registration number: 812 212 066
  • 2023 revenues: 7,2 M€
  • Headcount 29 employees
  • Deadline for submitting bids: 20/12/2024

Scop Sanichauff

Main features:

  • Business: Heating, air conditioning, ventilation, plumbing, sanitary, bathroom – Private and professional customers
  • Location: Hauts de France
  • Company registration number: 576 680 029
  • 2023 revenues: 1,8 M€
  • Headcount 38 employees
  • Deadline for submitting bids: 06/01/2025

Hyvia

Main features:

  • Business: Design, development, manufacture and sale of hydrogen-powered commercial vehicles for professionals, sale of hydrogen recharging stations, vehicle maintenance
  • Location: Headquarter in Villiers-Saint-Frédéric and production site in Flins (Yvelines)
  • Company registration number: 899 902 191
  • Headcount 108 employees
  • Deadline for submitting bids: 31/01/2025