immeuble Franklin

Distressed acquisition opportunities – May 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).

Groupe Stars

Main features:

  • Business: Video sales specialist.
  • Location: Paris and operating premises Plaine Saint Denis
  • 2022 revenues (Group): 64,1 M€
  • Headcount 75 employees
  • Deadline for submitting bids: 12/06/2023

General construction company

Main features:

  • Business: General building contractor specialising in multi-family housing
  • Location: Headquarter: Paris – Operating: Essonne
  • 2022 revenues: 8,7 M€ – 2020 revenues: 8,3 M€ – 2019 revenues: 13 M€
  • Headcount 31 employees
  • Deadline for submitting bids: 16/06/2023
service à la personne

Home Help

Main features:

  • Business: Services for people at home.
  • Location: Guadeloupe
  • 2022 revenues: 7,3 M€
  • Headcount 250 employees
  • Deadline for submitting bids: 23/06/2023

Children’s storyteller manufacture

Main features:

  • Business: Company manufacturing and distributing storytellers for children.
  • 2022 revenues: 2 M€
  • Headcount 4 employees
  • Deadline for submitting bids: 12/06/2023

Italian restaurant

Main features:

  • Business: Italian restaurant.
  • Location: Blagnac (Gironde)
  • 2022 revenues: 1,4 M€
  • Headcount 28 employees
  • Deadline for submitting bids: 12/06/2023

Groupe Erimeca

Main features:

  • Business: Precision machining for aerospace, industrial valves and fittings and general mechanics.
  • Location: Rocheim (Bas-Rhin)
  • Company registration number: 677 080 566
  • 2022 revenues: 1,4 M€ – 2021 revenues: 1,3 M€
  • Headcount 20 employees
  • Deadline for submitting bids: 27/06/2023

Italian restaurant

Main features:

  • Business: Italian restaurant.
  • Location: Reichstett (Bas-Rhin)
  • 2022 revenues: 1,3 M€
  • Headcount 25 employees
  • Deadline for submitting bids: 12/06/2023

Continuing vocational training

Main features:

  • Business: Continuing vocational training.
  • Location: Paris
  • Headcount 7 employees
  • 2021 revenues: 1,3 M€
  • Deadline for submitting bids: 28/06/2023

Continuing vocational training

Main features:

  • Business: Continuing vocational training.
  • Location: Paris
  • Headcount 3 employees
  • 2021 revenues: 1 M€
  • Deadline for submitting bids: 28/06/2023