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).

		Office Dépôt Main features: Business: Major player in the sale of office equipment and supplies in France. 60 stores, corporate contracts, websites, catalogs. Location: Headquarters : Senlis (Oise) Headcount 1527 employees Company registration number: 402 254 437 2020 revenues: 278 M€ – 2019 revenues:: 345 M€ Deadline for submitting bids: 19/03/2021
		Sweetcom Main features: Business: Group specialized in energy renovation. Location: Bordeaux (Gironde) Headcount 229 employees Company registration number: 443 044 243 2019 revenues: 37 M€ Deadline for submitting bids: 26/02/2021
		MBF Aluminium Main features: Business: Pressure injection, machining and assembly of aluminum parts for major international automotive manufacturers. Location: Jura Headcount 286 employees Company registration number: 752 816 496 2019 revenues: 36,3 M€ Deadline for submitting bids: 01/03/2021
		H3M – Main exploitation of trademarks: La Compagnie des petits and Allobébé Main features: Business: Sales of children’s clothing and childcare accessories. Location: Les Pennes Mirabeau (Bouches-du-Rhône) – Branches: 49 stores – Affiliates: 18 stores Headcount 231 employees Company registration number: 382 032 480 2020 revenues:22,1 M€ Deadline for submitting bids: 03/03/2021
		Discount Autocenter (yakarouler.com) Main features: Business: Online trading platform for automotive parts Location: Thiais (Val-de-Marne) Company registration number: 491 622 858 Headcount 36 employees 2019 revenues: 25 M€ Deadline for submitting bids: 19/03/2021
		SAS SATMA PPC Main features: Business: Manufacture of anodes for the manufacture of electrolytic capacitors. The production is carried out by continuous electrochemical treatment of aluminium foils. Location: Goncelin (Isère) Headcount 48 employees Company registration number:503 053 241 2019 revenues: 11,8 M€ Deadline for submitting bids: 29/04/2021
		Transports Dufieux Main features: Business: Road transport of goods Location: Casteljaloux (Lot-et-Garonne) Headcount 40 employees Company registration number: 329 130 652 30/04/20 revenues: 4,57 M€ Deadline for submitting bids: 16/03/2021
		Car Dealer Nissan Main features: Business: Car Dealer Nissan. Location: Furiani (Haute-Corse) Headcount 60 employees Company registration number: 499 984 094 2019 revenues: 3,3 M€ Deadline for submitting bids: 15/03/2021
		Maintenance et techniques nouvelles – MTN Main features: Business: Manufacturing company of electrical distribution and control equipment Location: Les Essarts-le-Roi (Yvelines) Headcount 30 employees Company registration number: 325 185 858 2020 revenues: 2,4 M€ – 2019 revenues: 3,1 M€ Deadline for submitting bids: 08/03/2021
		VGL Main features: Business: Precision mechanics company specialized in wire and sinker electroerosion, and assembly of mechanical subassemblies. Location: Puy-de-Dôme Headcount 23 employees Company registration number: 831 195 086 2020 revenues: 2,3 M€ – 2019 revenues: 3,2 M€ Deadline for submitting bids: 12/03/2021
		Plumbing, sanitary, heating, air conditioning. Main features: Business: Plumbing, sanitary, heating, air conditioning. Location: Cournon d’Auvergne (Puy-de-Dôme) Headcount 35 employees 2019 revenues: 2,9 M€ – 2018 revenues: 2,9 M€ Deadline for submitting bids: 05/03/2021
		Routing, Subscription Management, Logistics and Digital Printing Company Main features: Business: Routing, Subscription Management, Logistics and Digital Printing Company Headcount 22 employees 2020 revenues: 2,9 M€
		ERTOP Main features: Business: Boilermaking and machining, design and manufacture of telecommunication systems and railway equipment. Location: Joigny (Yonne) Headcount 11 employees Company registration number: 331 358 663 2020 revenues: 2 M€
		RC TP LOC Main features: Business: Public works, demolition, crushing, equipment recycling, equipment rental including 45% demolition / 30% crushed. Location: Saint-Etienne (Loire) Headcount 8 employees Company registration number: 409 301 579 2020 revenues: 588 K€ – 2019 revenues: 968 K€ Deadline for submitting bids: 30/04/2021
		Weakspot Main features: Business: Cybersecurity specialized in surveillance detection of exposed assets. Location: Puteaux (Hauts-de-Seine) Headcount 8 employees Company registration number: 843 114 109 2019 revenues: 70 K€ Deadline for submitting bids:  15/03/2021
		Bridgestreet – Résidence MODE Aparthotel Main features: Business: 3 star hotel of 2000 square meters with 47 rooms / Annual rent: 1.4 M€ Location: Paris Headcount 7 employees Company registration number: 413 280 355 Deadline for submitting bids: 05/03/2021