Distressed acquisition opportunities – May 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).

		Metalliance Main features: Business: Company specializing in the design and construction of industrial equipment and mobile machinery for the construction of infrastructure in the transport sector. Location: Saint-Vallier and Génelard (Saône et Loire) Company registration number: 727 020 109 2023 revenues (12 months landing): 40 M€ – 2022 revenues (12 months): 44 M€ Headcount 179 employees Deadline for submitting bids: 17/06/2024
		Security and fire safety Main features: Business: Company specialized in guarding, fire safety, intervention and installation of alarm and remote surveillance systems 2023 revenues: 47.8 M€ – 2022 revenues: 60.4 M€ – 2021 revenues: 67,9 M€ Headcount approximately 1,200 open-ended contracts Deadline for submitting bids: 10/06/2024
		Company specializing in pet food Main features: Business: Company specializing in the production and marketing of pet food Location: Aquitaine 2023 revenues: 13 M€ Headcount less than 50 employees Deadline for submitting bids: 28/06/2024
		Wholesale of automotive equipment Main features: Business: Wholesale of automotive equipment to automotive professionals (spare parts wholesalers, auto centers, repair garages) with a portfolio of 60,000 part numbers under various brands Location: Yvelines 2023 revenues (project): 10 M€ – 2022 revenues: 12M€ – 2021 revenues: 13,5 M€ Headcount 46 employees on permanent contracts at Group level Deadline for submitting bids: 14/06/2024
		Protostyle Main features: Business: Manufacture of 1:1 scale prototypes and models (especially concept cars) in various sectors (automotive, aeronautics, agricultural, etc.) for “major account” customers. Location: Sartrouville and Buc (Yvelines) Company registration number: 344 727 235 2023 revenues: 7,4 M€ – 2022 revenues: 6,8 M€ – 2021 revenues: 5,2 M€ Headcount 46 employees on permanent contracts Deadline for submitting bids: 14/06/2024
		Healthcare product marketing Main features: Business: Development, marketing and promotion of innovative healthcare products in the field of family health, electronic self-diagnosis for medical use, prevention and pain relief through several brands Location: Paris (headquarters), Bretteville-sur-Odon (logistics warehouse and showroom), (Calvados) 2023 revenues: 3,4 M€ – 2022 revenues: (12 months): 6,5 M€ – 2021 revenues (21 months): 7,2 M€ Headcount 19 employees on permanent contracts (plus 8 external sales agents) Deadline for submitting bids: 14/06/2024
		Housset métal Main features: Business: Manufacture of metal structures Location: Tarnos (Landes) Company registration number: 419 916 978 2022 revenues: 5,4 M€ Headcount 22 employees (1 fixed-term and 21 open-ended contracts) Deadline for submitting bids: 13/06/2024
		Video game accessories Main features: Business: Video game accessories (controllers, headphones, speakers, etc.) Location: Southwest 2024 revenues: 4,6 M€ – 2023 revenues: 6,1 M€ Headcount 11 employees Deadline for submitting bids: 14/06/2024
		Meat Trade Main features: Business: Trapping and meat wholesale and semi-wholesale to local authorities and private individuals Location: Burgundy – Franche – Comté 2023 revenues: 4,3 M€ – 2022 revenues: 4,9 M€ – 2021 revenues: 3,9 M€ Headcount 17 employees Deadline for submitting bids: 21/06/2024
		Pharmacy Main features: Business: Pharmacy Location: Val-d’Oise 2022 revenues: 3,5 M€ Headcount 13 employees Deadline for submitting bids: 31/05/2024
		Domaine de la Petite Isle Main features: Business: 4-star hotel with 82 rooms. It has a 70-seat restaurant and can also organize meetings and seminars in 4 rooms that can accommodate up to 140 people Location: L’Isle-sur-la-Sorgue (Vaucluse) Company registration number: 844 797 407 2023 revenues: 2,5 M€ Headcount 12 employees Deadline for submitting bids: 20/06/2024
		Foundry Main features: Business: Foundry, sand casting of aluminum alloys. Finished products are dedicated to professionals in industry, robotics, energy, nuclear power, street furniture and art. Location: Rhône 2024 revenues: 2,4 M€ – 2023 revenues: 2,5 M€ – 2022 revenues: 2,3 M€ Headcount 24 employees Deadline for submitting bids: 21/06/2024
		Pup up Immo Storefront Main features: Business: Ephemeral rental of commercial spaces, notably via the Storefront platform Location: Paris Company registration number: 794 460 097 2023 revenues: 1 M€ – 2022 revenues: 671 K€ – 2021 revenues: 528 K€ Headcount 9 employees Deadline for submitting bids: 26/06/2024