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).

		Manufacture des lumières Main features: Business: Design and manufacture of functional indoor lighting. (retail, service sector, mobile phones) Location: Saint-Georges-de-Mons (Puy de Dôme) Company registration number: 892 462 987 2023 revenues: 14,6 M€ – 2022 revenues: 13,4 M€ – 2021 revenues: 12,3 M€ Headcount 104 employees Deadline for submitting bids: 02/04/2024
		Impériales Wheels Main features: Business: Design, manufacture, forging and sale of aluminium alloy wheels, all ferrous and/or non-ferrous equipment, forged and/or unforged Location: Belleville (Rhône-Alpes) Company registration number: 909 784 423 2022 revenues: 14 M€ Headcount 181 employees Deadline for submitting bids: 29/03/2024
		Import of food products Main features: Business: A long-standing EU player in the import of food products from the USA and Asia 2023 revenues: 13 M€ – 2022 revenues: 6,4 M€ Headcount 24 employees Deadline for submitting bids: 22/03/2024
		Car-body repair for industrial vehicles Main features: Business: Car-body repair for industrial vehicles Location: Vienne 2022 revenues: 9,2 M€ – 2021 revenues: 9,6 M€ – 2020 revenues: 8,3 M€ Headcount 64 employees Deadline for submitting bids: 05/04/2024
		Armor Meca Développement Main features: Business: Machining of complex aluminium and hard metal parts for the aerospace, defence and energy sectors Location: Pleslin-Trigavou (Côtes d’Armor) Company registration number: 882 604 572 2022 revenues: 9,1 M€ Headcount 110 employees Deadline for submitting bids: 22/03/2024
		Communications consultancy Main features: Business: Commercial communications consultancy. Expertise in production and operations linked to advertising publishing for national retail players Location: Great East of France 2022 revenues: 8,1 M€ Headcount 31 employees Deadline for submitting bids: 29/03/2024
		Laying tiles and floor and wall coverings Main features: Business: Laying tiles and floor and wall coverings, mainly for national property developers Location: Gard Bouches-du-Rhône and Alpes-Maritimes 2023 revenues: 7,6 M€ – 2022 revenues: 8,8 M€ – 2021 revenues: 9,4 M€ Headcount 28 employees Deadline for submitting bids: 15/04/2024
		Road haulage Main features: Business: Public road haulage of goods over 3.5 tonnes Location: France entière 2022 revenues: 7,3 M€ Headcount 45 employees Deadline for submitting bids: 29/03/2024
		Regiprocess – Advisko – Advantis – STPM Main features: Business: Advantis: Holding company Regiprocess: Boilermaking, pipework, thermal insulation and scaffolding Advisko: Boilermaking and pipework STPM: Piping, thermal insulation and scaffolding. Company registration number: Regiprocess : 412 801 789 – Advisko : 904 782 307 2022 revenues: Advantis : 344 K€ – Regiprocess : 6,6 M€ – Advisko : 340 K€ – STPM : 917 K€ – 2021 revenues: Advantis : 130 K€ – Regiprocess : 4,2 M€ – Advisko : NC – STMP : 375 K€ Headcount 10 employees: Advantis : 1 salarié – Regiprocess: 28 salariés – Advisko : 1 salarié – STPM : 0 salarié Deadline for submitting bids: 02/04/2024
		Manufacture of agricultural trailers Principales caractéristiques : Business: Manufacture of agricultural trailers Location: Piré-sur-Seiche (Ille et Vilaine) 2023 revenues: 2,6 M€ – CA 2022 : 3,8 M€ Headcount 23 employees Deadline for submitting bids: 05/04/2024
		Logistics site for publishing companies Main features: Business: Logistics site for publishing companies Location: Lens (Pas-de-Calais) 2023 revenues : 2,6 M€ Headcount 36 employees Deadline for submitting bids: 15/04/2024
		Cleaning and maintenance Main features: Business: Cleaning and maintenance of buildings, offices and all industrial and commercial premises, various rehabilitation works Location: Nîmes (Gard) Company registration number: 820 311 124 2023 revenues: 2,2 M€ Headcount 39 employees Deadline for submitting bids: 05/04/2024
		Rezolia Grand Ouest Main features: Business : General masonry work and building shells in all trades. Dealing with the causes and consequences of damage caused by water damage, as well as other types of damage. Location: Brest (Finistère), Rennes (Ille-et-Vilaine), Nantes (Loire-Atlantique) and Rhuys/Auray (Morbihan) Company registration number: 820 037 596 2022 revenues: 2,1 M€ Headcount 21 employees Deadline for submitting bids: 20/03/2024
		Bakery laboratory Main features: Business: Bakery laboratory Location: Romainville (Seine-Saint-Denis) Headcount 16 employees 2022 revenues: 1,4 M€ Deadline for submitting bids: 05/04/2024
		Nexalia Main features: Business: Holding company for a property development group. Numerous SCCVs Location: Poitiers (Vienne) Company registration number: 421 876 137 Headcount 6 employees 2022 revenues: 1,3 M€ Deadline for submitting bids: 15/03/2024