immeuble Franklin

Distressed acquisition opportunities – June 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.

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).

Toolstation

Main features:

  • Business: Distribution of tools and equipment for DIY, construction and renovation to professionals and private customers
  • Location: Sud et Est de la France
  • 2023 revenues: 28,5 M€
  • Headcount 350 employees
  • Deadline for submitting bids: 24/07/2024

Sofidest – Nippon Pièces Services

Main features:

  • Business:
    Sofidest : Holding
    Nippon Pièces Service : Importer and distributor of Asian and European car parts
  • Location: Lille (Nord)
  • Company registration number: Sofidest : 442 230 819 – Nippon Pièces Services : 391 007 382
  • Headcount: Sofidest : 17 employees – Nippon Pièces Services : 13 employees
  • 2022 revenues: Sofidest : 2 M€ – Nippon Pièces Services : 15,1 M€ – 2021 revenues: Sofidest : 2 M€ – Nippon Pièces Services : 17,8 M€
  • Deadline for submitting bids: 22/07/2024

Wholesale of timber and timber products

Main features:

  • Business: Wholesale of timber and timber products
  • Location: Thônes (Haute Savoie)
  • 2022 revenues: 5,6 M€ – 2021 revenues: 6 M€ – 2020 revenues: 4 M€
  • Headcount 6 employees
  • Deadline for submitting bids: 02/07/2024

Alliance Permis

Main features:

  • Business: Driving and road safety lessons
  • Location: Château-Gontier (Mayenne)
  • Company registration number: 813 256 708
  • 2022 revenues: 4,2 M€
  • Headcount 72 employees
  • Deadline for submitting bids: 19/07/2024

General masonry work and building shells

Main features:

  • Business: General masonry work and building shells
  • Location: Cher
  • 2023 revenues: 3,8 M€ – 2022 revenues: 4,7 M€
  • Headcount 13 employees
  • Deadline for submitting bids: 08/07/2024

French women’s digital magazine

Main features:

  • Business: French women’s digital magazine
  • Location: Paris
  • 2023 revenues: 1,8 M€ – 2022 revenues: 2 M€ – 2021 revenues: 2,4 M€
  • Headcount 8 employees – 13 freelance writers
  • Deadline for submitting bids: 02/07/2024

Dynalion

Main features:

  • Business: Specialising in cleaning
  • Location: Toulouse area
  • Company registration number: 825 024 615
  • Revenues: 1,6 to 1,8 M€
  • Headcount 66 employees
  • Deadline for submitting bids: 12/07/2024

Development of formulas and sales of food supplements

Main features:

  • Business: Formulation and sales of food supplements in France and Italy
    BtoB sales (75% of sales excluding VAT) and BtoC sales (25% of sales excluding VAT)
  • Location: Gironde
  • 2023 revenues: 988 K€
  • Headcount 3 employees
  • Deadline for submitting bids: 12/07/2024

Technical textiles and luggage workshop

Main features:

  • Business: Technical textiles and luggage workshop
  • Location: Indre
  • 2023 revenues: 906 K€ – 2022 revenues: 1 M€
  • Headcount 20 employees
  • Deadline for submitting bids: 05/07/2024

Société Lann

Main features:

  • Business: Maison Guérin bakery and patisserie
  • Location: Cordemais (Loire-Atlantique)
  • Company registration number: 839 920 113
  • 2023 revenues: 613 K€
  • Headcount 5 employees
  • Deadline for submitting bids: 11/07/2024

Legal training centre

Main features:

  • Business: Legal training centre – 100% distance learning since 2022
  • Location: Paris
  • 2024 revenues (estimated) : 580 K€ – 2023 revenues: 414 K€
  • Headcount: 4 employees on permanent contracts – 21 employees on fixed-term contracts
  • Deadline for submitting bids: 22/07/2024

Precision mechanics

Main features:

  • Business: Precision mechanics in several sectors: rubber moulds, cosmetics, electrical protection, aeronautics, various industries, etc.
  • Location: Méréville (Essonne)
  • 2023 revenues: 443 K€
  • Headcount 4 employees
service à la personne

Home help

Main features:

  • Business: An intermediary association under the law of 1901, set up in 1991, which provides staff (beneficiaries of the PASS IAE) with work experience for individuals (personal services), associations, local authorities and companies.
  • Location: Côte d’Or
  • Headcount: 290 employees under contract / year, i.e. 36 FTE integration and 4 permanent FTEs
  • Deadline for submitting bids: 26/07/2024