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).
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Etablissements Poulingue
Main features:
- Business: Company specialising in biosourced construction for special works and top-of-the-range housing.
- Location: Beuzeville (Eure)
- Company registration number: 386 780 118
- Headcount 240 employees
- 2022 revenues: 49 M€
- Deadline for submitting bids: 15/01/2024
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Haut de Chauss & Chaussures Deloux
Main features:
- Business : Shoe shops.
- Location: Haut de Chauss : North and West – Chaussures Deloux : Lille area
- Company registration number: Haut de Chauss : 834 317 869 – Chaussures Deloux : 384 610 804
- 2022 revenues: Haut de Chauss : 13,3 M€ – Chaussures Deloux : 1,5 M€ – 2021 revenues: Haut de Chauss : 11,6 M€ – Chaussures Deloux : 1,6 M€ – 2020 revenues: Haut de Chauss : 15,6 M€ – Chaussures Deloux : 2,6 M€
- Headcount: Haut de Chauss : 121 employees – Chaussures Deloux : 6 employees
- Deadline for submitting bids: 31/01/2024
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GTA Grenoble
Main features:
- Business: Masonry and structural work.
- Location: Voreppe (Isère)
- Company registration number: 539 342 402
- 2022 revenues: 8,4 M€ – 2021 revenues: 8,5 M€ – 2020 revenues: 9,6 M€
- Headcount 28 employees
- Deadline for submitting bids: 29/01/2024
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MG Aménagement
Main features:
- Business: Interior fittings for all types of dwellings using insulation and plastering techniques.
- Location: Beychac-et-Caillau (Gironde)
- Company registration number: 502 838 956
- Headcount 27 employees
- 2022 revenues: 4,5 M €
- Deadline for submitting bids: 23/01/2024
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Printing
Main features:
- Business: Small- and large-format digital printing, offset printing, finishing, enveloping, routing and data processing for customers in the luxury goods and cosmetics industries.
- Location: Val d’Oise.
- 2022 revenues: 1,1 M€
- Headcount 8 employees
- Deadline for submitting bids: 26/01/2024
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Recruitment agency
Main features:
- Business: Recruitment agency specialising in digital professions.
- 2022 revenues: 919 K€
- Headcount 5 employees
- Deadline for submitting bids: 14/02/2024
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Design and manufacture of ready-to-wear clothing
Main features:
- Business: Design and manufacture of ready-to-wear clothing, mainly uniforms.
- Location: Paris
- 2022 revenues: 769 K€
- Headcount 3 employees
- Deadline for submitting bids: 15/01/2024
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CB Feu
Main features:
- Business:Installation and maintenance of safety and fire-fighting equipment.
- Location: Bétheniville (Marne)
- Company registration number: 831 717 335
- 2023 revenues: 354 K€ – 2022 revenues: 355 K€ – 2021 revenues: 239 K€
- Headcount 3 employees
- Deadline for submitting bids: 26/01/2024
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Development of medical devices for analysing human movement
Main features:
- Business: Development of medical devices for analysing human movement (video system).
- Location: Alpes-Maritimes
- 2022 revenues: 306 K€
- Headcount 5 employees
- Deadline for submitting bids: 22/01/2024
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