Distressed acquisition opportunities – January 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).

		City GC Hervé & City GC Main features: Business: General building company, including structural work, rehabilitation and group operations (Asnières, Bagnolet). Projects of all trades. Realization of housing, shops, school groups and various works (police station, SPA). Location: Versailles (Yvelines) and Lille (Nord) Company registration number: City GC Hervé : 888 084 340 – City GC : 844 897 165 Headcount: City GC Hervé : 101 employees- City GC : 18 employees 2021 revenues: City GC Hervé : 76 M€ – City GC : 43 M€ Deadline for submitting bids: 13/02/2023
		Holophane Main features: Business: A century-old industrial glassworks, holding a prefectoral operating permit since 2016 for an indefinite period in compliance with European directives, for the operation of 3 glass furnaces for a total authorized volume of 215 t/d, delivering more than 90% internationally in the automotive, water meter covers, optical lenses for construction sites, solar optics and special glassware sectors, with recognized glassmaking know-how and a high-capacity industrial tool for the production of pressed glass. World leader in the manufacture of fog lamps and number two in the manufacture of lenses for automotive lighting. Location: Les Andelys (Eure) Company registration number: 402 929 129 Headcount 230 employees 2021 revenues: 25,5 M€ – 2022 estimated revenues: 29,5 M€ Deadline for submitting bids: 28/02/2023
		Exclusive design and manufacturing of automotive and industrial gas springs Main features: Business: Exclusive design and manufacturing of automotive and industrial gas springs. Location: Bourgogne Franche-Comté Headcount 105 employees and 30 temporary workers 2022 revenues: 14,7 M€ Deadline for submitting bids: 10/02/2023
		PRP Création Main features: Business: Plastics processing – manufacturing of packaging for the cosmetics market. Location: Oyonnax (Ain) Company registration number: 304 249 352 Headcount 130 employees 2021 revenues: 12,5 M€ Deadline for submitting bids: 16/02/2023
		Printing consumables Main features: Business: Manufacturing and marketing of inks, varnishes, fountain additives, silicone and other printing consumables. Location: Hauts-de-France Headcount 49 employees 2022 revenues: 7,2 M€ Deadline for submitting bids: 17/02/2023
		Graph 2000 – Sérigraphie Benoit Main features: Business: Large and small format digital and offset printing. Screen printing and reprography. Location: Argentan (Orne), Bernay (Eure), Cosne-sur-Loire (Nièvre) and Gennevilliers (Hauts-de-Seine) Company registration number: 523 216 836 – 411 014 004 – 789 494 481 Headcount 56 employees 2021 revenues: 6,4 M€ Deadline for submitting bids: 25/01/2023
		Industrial maintenances Main features: Business: Industrial maintenance, new works, industrial transfers. Intervention in the trades of mechanics, electromechanics, boiler making, welding and piping. Industrial roofing and cladding work. Location: Imphy (Nièvre) Headcount 72 employees 2021 revenues: 5,7 M€ Deadline for submitting bids: 16/02/2023
		Garden center Main features: Business: Independent garden center of 5 000 m2. Location: Aube Headcount 12 employees 2021 revenues: 1,9 M€ Deadline for submitting bids: 30/01/2023
		Signs Main features: Business: Design, manufacture, sale and installation of signs. signalétique – Impression grand format. Location: Lyon (Rhône) Headcount 14 employees 2022 revenues: 1,8 M€ Deadline for submitting bids: 22/02/2023
		Hotel-Restaurant with 80 rooms Main features: Business: Hotel-Restaurant with 80 rooms, suites and restaurant of 120 places, bar, seminar or event space of 800m2, Spa, underground parking. Location: Maintenon (Eure) Headcount 32 employees 2021 revenues: 1,5 M€ Deadline for submitting bids: 17/02/2023
		Kitchen sales Main features: Business: Company specialized in kitchen sales. Location: Paris XVème Headcount 4 employees 2022 revenues: 1,4 M€ Deadline for submitting bids: 06/02/2023
		Communication consulting and strategy Main features: Business: Consulting and strategy in the following areas: Communication by all means (internet, video, events), creation and realization of graphic works, prepress and printing. Location: Gentilly (Val-de-Marne) Headcount 11 employees 2021 revenues: 1,2 M€ Deadline for submitting bids: 09/02/2023
		Commercial leasex Main features: Business: 84 apartments and common areas corresponding to 84 commercial leases. Location: Mérignac (Gironde) Headcount 17 employees 2022 revenues: 1,1 M€ Deadline for submitting bids: 10/02/2023
		Wesk Main features: Business: Free Floating Car Sharing Operator. Location: Marseille, Nice, Strasbourg and Lyon Company registration number: 891 961 674 Headcount 28 employees 2022 revenues: 80 K€ Deadline for submitting bids: 13/02/2023