News
16.02.2023Arnaud Pédron, Numa Rengot

Distressed acquisition opportunities – February 2023

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).

MMBC – Metzger Muller

Main features:

  • Business: Industrial preparation of meat-based products.
  • Location: Ittenheim (Bas-Rhin)
  • Company registration number: 648 501 096
  • Headcount 60 employees
  • 2022 revenues: 10,7 M€
  • Deadline for submitting bids: 27/02/2023

Construction of individual houses

Main features:

  • Business: Construction of individual houses.
  • Location: Rhône Valley
  • Headcount 16 employees
  • 2021 revenues: 10 M€
  • Deadline for submitting bids: 03/03/202

Articles made of leather and skin

Main features:

  • Business: Manufacture, purchase, wholesale, semi-wholesale, retail, import-export of all articles made of leather and skins, fabrics or any material.
  • Location: Gennevilliers (Hauts-de-Seine) and 5 subsidiaries. (92,95,59,78).
  • Headcount 55 employees
  • 2022 revenues: 9,6 M€
  • Deadline for submitting bids: 27/02/20

Plastima Composites

Main features:

  • Business: Company specialized in the realization of composite elements for bodywork integrators, elements of sanitary cabins (building sites, public sanitary facilities, hotels, student residences, hospitals and retirement homes) as well as the manufacturing of closed molds.
  • Location: Andouillé (Mayenne)
  • Company registration number: 535 215 321
  • Headcount 84 employees
  • 2022 revenues: 9,2 M€
  • Deadline for submitting bids: 10/03/2023

La nouvelle miroiterie landaise

Main features:

  • Business: Manufacturing and trading of exterior joinery, glass transformation in the Landes, Gironde and Pyrénées Atlantiques
  • Location: Mont-de-Marsan (Landes)
  • Company registration number: 824 600 738
  • Headcount 58 employees
  • 2022 revenues: 8 M€
  • Deadline for submitting bids: 01/032023

Intercity road freight transport

Main features:

  • Business: Intercity road freight transport.
  • Location: Athis-Mons (Essonne)
  • Headcount 20 employees
  • 2022 revenues : 6 M€
  • Deadline for submitting bids: 10/032023

Internest

Main features:

  • Business: Development and marketing of a positioning sensor for civil and military drones.
  • Location: Champs-sur-Marne (Seine-et-Marne)
  • Company registration number: 817 879 760
  • 2021 revenues: 5,9 M€
  • Deadline for submitting bids: 03/03202

Symbiose

Main features:

  • Business: Sale of women’s ready-to-wear under the “Symbiose” brand with 31 sale points (store, outlet, corners, affiliates).
  • Location: Paris (Ile-de-France)
  • Headcount: France : 77 employees- Belgique : 11 employees
  • 2021 revenues: 4,8 M€
  • Deadline for submitting bids: 03/03/2023

Groupe de sociétés

Main features:

  • Business:
    Holding company : Holding company with management and administration activity.
    Company 2: Sale of all equipment for construction and public works and after-sales service.
    Company 3: Rental and sale of cleaning and DIY equipment.
  • Location: Villeneuve Tolosane (Haute-Garonne)
  • Headcount: Holding : 4 employees – Company 2 : 7 employees – Company 3 : 2 employees
  • 2022 revenues: Holding : 368 K€ – Company 2 : 1,7 M€ – Company 3 : 1.3 M€
  • Deadline for submitting bids: 03/03/2023

Make my van

Main features:

  • Business: Fitting out of top-of-the-range travel vehicles (fitted vans) with a know-how that can be transposed to other services.
  • Location: Pessac (Gironde)
  • Company registration number: 795 378 652
  • Headcount 14 employees
  • 2022 revenues: 2,8 M€
  • Deadline for submitting bids: 24/02/2023

Pimont Marteau

Main features:

  • Business: Roofing and carpentry work.
  • Location: La Londe (Seine-Maritime)
  • Company registration number: 842 515 363
  • Headcount 58 employees
  • 2022 revenues: 1,9 M€
  • Deadline for submitting bids: 20/02/2023

Survey company

Main features:

  • Business: Data collection for market research and face-to-face surveys on behalf of leading research institutes.
  • Location: Normandy
  • Headcount 131 employees
  • 2021 revenues: 1,8 M€
  • Deadline for submitting bids: 03/03/2023

Alvene

Main features:

  • Business: Maintenance and preparation of light motor vehicles.
  • Location: Geispolsheim (Bas-Rhin)
  • Company registration number: 803 257 674
  • Headcount 34 employees
  • 2022 revenues: 1,6 M€
  • Deadline for submitting bids: 03/03/2023

Leisure centre and kindergarten

Main features:

  • Business: Leisure center (Wednesdays and school vacations) – 98 children from 3 to 12 years old enrolled – kindergarten (from 2 to 5 years old) – 47 registered.
  • Location: Dijon (Côte-d’Or)
  • Headcount 18 employees
  • 2022 revenues: 1,4 M€
  • Deadline for submitting bids: 10/03/2023
Manufacture of wired interconnection elements

Main features:

  • Business: Industrial or specific manufacturing of wired interconnection elements (harnesses, electrical harnesses, armament, automotive, drone, robotics, energy, industry, medical and research, security and traffic management).
  • Location: Normandy
  • Headcount 21 employees
  • 2022 revenues: 1,3 M€
  • Deadline for submitting bids: 04/04/2023

Joovence

Main features:

  • Business: Internal development of a platform dedicated to the digitalization of the patient’s path for orthodontic treatments by dental aligners. Recurrent network of partner dental practices in France, Belgium and Italy.
  • Company registration number: 840 936 454
  • Headcount 4 employees
  • 2022 revenues: 1,1 M€
  • Deadline for submitting bids: 13/03/2023