Distressed acquisition opportunities – March 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).

		Rinaldi Stucutal Main features: Business: Design, production and installation of high-tech aluminium facades. Large-scale projects. Location : Aisne et Haut-Rhin Company registration number: 378 304 976 Headcount 153 employees 2022 revenues: 34,6 M€ Deadline for submitting bids: 31/03/2023
		Uni Marbres Main features: Business: Company specialising in stone and marble: cladding work (floors and walls – interior and exterior) on large, complex and luxurious projects both in France and abroad. Accompaniment of the client from the pre-study phase to the complete execution of the project. 22 projects in progress. Location: Boissy-Saint-Léger (Val-de-Marne) Company registration number: 702 020 066 Headcount 42 employees 2022 revenues: 7,5 M€ Deadline for submitting bids: 31/03/2023
		Bati Pro Main features: Business: General building company. Location: Clermont-Ferrand (Puy de Dôme) Company registration number: 509 413 084 Headcount 9 employees 2022 revenues: 4,7 M€ Deadline for submitting bids: 27/03/2023
		Printing Main features: Business: Printing, contract work, product finishing: scratch-off, perfume deposit varnish, map folding, routing, storage. Location: Centre Val-de-Loire Headcount 34 employees 2022 revenues: 4,1 M€ Deadline for submitting bids: 05/04/2023
		Techni Forêt Main features: Business: Purchase and sale of new and used forestry machinery, purchase/sale of spare parts and maintenance & repair of such machinery. Location: Tulle (Corrèze) Company registration number: 801 025 461 Headcount 16employees 2022 revenues: 3,7 M€ Deadline for submitting bids: 20/03/2023
		GRTP Main features: Business: Technology company developing and operating predictive computer programs based on artificial intelligence in the field of health and more particularly in the field of allograft. Business: Paris Company registration number: 848 185 765 Headcount 26 employees 2022 revenues: 3,4 M€ Deadline for submitting bids: 19/03/2023
		Marrel Concept Main features: Business: Customised manufacture of refrigerated display cabinets and associated furniture for all types of shopfitting, hotels and restaurants. Location: Civrieux-d’Azergues (Rhône) Company registration number: 879 651 990 Headcount 23 employees 2022 revenues: 2,9 M€ Deadline for submitting bids: 14/04/2023
		Moules & Outillages de Bourgogne Main features: Business: Design and production of moulds, tools and accessories for foundries using the lost wax casting process. Business: Fragnes-la-Loyère Saône-et-Loire Company registration number: 451 308 035 Headcount 21 employees 2022 revenues (estimated) : 2,4 M€ – 2021 revenues: 2,6 M€ Deadline for submitting bids: 12/05/2023
		Production of steel component Main features: Business: Production of parts in various steel grades. Location: Valenciennois Headcount 32 employees CA 2021 : 2,6 M€ Deadline for submitting bids: 30/03/2023
		Design and distribution of connected audio products Main features: Business: Design and distribution of connected audio products and phone accessories in France and abroad. Business: Houplines (Nord) Headcount 3 employees 2021 revenues: 2,1 M€ Deadline for submitting bids: 14/03/2023
		Used tyre recycling business Main features: Business: Used tyre recycling business – 1 establishment. Location: Dieuze (Moselle) Headcount 21 employees 2021 revenues: 2,6 M€ Deadline for submitting bids: 16/03/2023
		Company specialised in sports marketing Main features: Business: Company specialised in sports marketing and in particular digital marketing (consulting, commercial outsourcing, event production). Business: Paris (Ile-de-France) Headcount 8 employees 2022 revenues: 1,9 M€ Deadline for submitting bids: 07/04/2023
		Beable and Zip Main features: Business: Group consisting of 2 companies (Beable and Zip) and a holding company – Design, marketing and maintenance of customised digital software (Beable) – Digital agency, design, referencing and webmarketing of internal websites (Zip). Location: Brest (Finistère) Headcount 1331employees 2022 revenues: Beable : 1,7 M€ – Zip : 664 K€ – Holding : 125 K€ Deadline for submitting bids: 27/03/2023
		MGPI Main features: Business: General precision engineering. Location: Isigny-le-Buat (Manche) Company registration number: 338 499 833 Headcount 10 employees 2021 revenues: 1,3 M€ Deadline for submitting bids: 25/04/2023