News
07.03.2024Arnaud Pédron, Numa Rengot

Distressed acquisition opportunities – March 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 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).

Usinage de Compiègne

Main features:

  • Business: A company specialising in the manufacture of cast and machined aluminium, iron and steel automotive components.
    It markets its products to the following main customers: Volkswagen, PSA, Opel
  • Location: Oise
  • Company registration number: 478 500 275
  • 2022 revenues: 21 M€
  • Headcount 42 employees
  • Deadline for submitting bids: 19/03/2024

Matériels agricoles

Main features:

  • Business: Company 1: Sale and repair of agricultural equipment – Sale of fuels – Motor cultivation.
    Company 2: Sale and repair of agricultural equipment – Motorised farming – Agricultural irrigation equipment.
  • Location: Eure-et-Loir, Sarthe and Loir-et-Cher
  • Headcount: Company 1: 26 employees – Company 2: 7 employees
  • 2023 : Company 1: 9,4 M€ – Société 2 : 1,8 M€ – CA 2022 : Société 1 : 9,6 M€ – Société 2 : 2,2 M€
  • Deadline for submitting bids: 30/03/2024

Surface treatment and coating

Main features:

  • Business: Regional leader in surface treatment and coating (paint)
  • Location: Lyon area
  • 2023 revenues: 8,6 M€
  • Headcount 47 employees
  • Deadline for submitting bids: 09/04/2024

D’Arpèje

Main features:

  • Business: Design and distribution of toys. The company specialises in creative leisure activities and operates the Sycomore brand
  • Location: Vaulx-en-Velin (Rhône)
  • Company registration number: 400 718 078
  • 2022 revenues: 7,6 M€ – 2021 revenues: 10,3 M€ – 2020 revenues: 10,5 M€
  • Headcount 14 employees
  • Deadline for submitting bids: 10/04/2024

Faral Automotive

Main features:

  • Business: Construction and rebuilding of engines and gearboxes for the automotive sector
  • Location: Laval (Mayenne)
  • Company registration number: 882 259 740
  • 2023 revenues: 7,3 M€
  • Headcount 44 employees
  • Deadline for submitting bids: 29/03/2024

D-Vine

Main features:

  • Business: Design, development and marketing of wine and spirits products and services
  • Location: Nantes (Loire Atlantique)
  • Company registration number: 789 842 614
  • 2022 revenues: 7,3 M€
  • Headcount 70 employees
  • Deadline for submitting bids: 13/03/2024

Industrial site for surface treatment and coating

Main features:

  • Business: Industrial site for surface treatment and coating (paint) with 1 robotised paint line for sheet metal treatment
  • Location: Lyon area
  • 2023 revenues: 3,6 M€
  • Headcount 11 employees
  • Deadline for submitting bids: 09/04/2024

5-star hotel

Main features:

  • Business: 5-star hotel with a capacity of 40 rooms and suites, two restaurants including a gourmet restaurant, a golf course and a spa
  • Location: Aquitaine
  • 2023 revenues: 3,2 M€
  • Deadline for submitting bids: 22/03/2024

Printing

Main features:

  • Business: Printing – Offset printing, Digital printing, Relief, Embossing, Hot foil stamping, Design studio
  • Location: Paris
  • 2023 revenues: 2,5 M€ – 2022 revenues: 2,1 M€
  • Headcount 20 employees
  • Deadline for submitting bids: 02/04/2024

3D Revêtements urbains

Main features:

  • Business: Design, manufacture and installation of decorative road surfaces and all road signage work
  • Location: Poitiers (Vienne)
  • Company registration number: 435 230 560
  • Headcount 15 employees
  • 2023 revenues: 2,5 M€ – 2022 revenues: 2,3 M€ – 2021 revenues: 2,5 M€
  • Deadline for submitting bids: 18/03/2024

Vectrawave

Main features:

  • Business: Design of semiconductor modules, subsystems and instrumentation in the fields of radiofrequency, microwave and medical optoelectronics
  • Location: Côtes d’Armor
  • Company registration number: 489 719 310
  • 2022 revenues: 1,6 M€
  • Headcount 10 employees
  • Deadline for submitting bids: 15/03/2024

Nursery

Main features:

  • Business: Operation of nursery
  • Location: Paris
  • 2022 revenues: 1,5 M€
  • Headcount 50 employees
  • Deadline for submitting bids: 22/03/2024