News
07.11.2022Arnaud Pédron, Numa Rengot

Distressed acquisition opportunities – November 2022

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).

ACIAM ( Enseigne Camaïeu)

Main features:

  • Business: Sale of women’s ready-to-wear articles. Sale of business assets or, if applicable, leasehold rights:
    – 486 stores in France
    – 1 building with a commercial lease
    – 1 construction lease.
  • Deadline for submitting bids: 18/11/2022

Design and production of gas valves

Main features:

  • Business: Design and production of gas valves, gas burners and plancha components for household appliance manufacturers.
  • Location: Centre Val de Loire
  • Headcount 47 employees
  • 2021 revenues: 8,9 M€
  • Deadline for submitting bids: 25/11/2022

Arjowiggins France

Main features:

  • Business: Internal services (R&D, marketing and branding, IT services) for the Arjowiggins paper group.
  • Location: Voiron (Isère)
  • Headcount 50 employees
  • 2021 revenues: 6,7 M€
  • Deadline for submitting bids: 18/11/2022

Manufacture and installation of coatings

Main features:

  • Business: Manufacturing and installation company of medical and industrial surface coatings.
  • Headcount 46 employees
  • 2021 revenues: 5 M€
  • Deadline for submitting bids: 18/11/2022

Conciergerie services

Main features:

  • Business: Design and supply of corporate concierge services, wellness and health services, entertainment (workshops, conferences).
  • Headcount 66 employees
  • 2021 revenues: 4,7 M€
  • Deadline for submitting bids: 15/11/2022

Fencing and access management for sensitive sites

Main features:

  • Business: Purchase, sale and installation of fences and access management to sensitive sites.
  • Location: Drôme
  • Headcount 18 employees
  • 2021 revenues: 3,8 M€
  • Deadline for submitting bids: 05/12/2022
routage reprise

Envelopes of all kinds, advertising, administrative

Main features:

  • Business: Envelopes of all kinds, advertising, administrative etc. to private and professional recipients.
  • Location: Bas-Rhin
  • Headcount 14 employees
  • 2022 revenues: 3,7 M€
  • Deadline for submitting bids: 24/11/2022

Publishing and marketing software

Main features:

  • Business: Company specialized in the publishing and marketing of local digital marketing software for local businesses.
  • Location: Ille-et-Vilaine
  • Headcount 25 employees
  • 2021 revenues: 2,4 M€
  • Deadline for submitting bids: 18/11/2022

Direct sales of wines

Main features:

  • Business: Direct sales of wines.
  • Location : Gironde and Côte d’Or
  • Headcount 50 employees
  • 2021 revenues: 2,3 M€
  • Deadline for submitting bids: 25/11/2022
transport routier

Local road freight transport and storage

Main features:

  • Business: Local road freight transport and storage.
  • Location: Eure-et-Loir
  • Headcount 20 employees
  • 2021 revenues: 2,2 M€
  • Deadline for submitting bids: 24/11/2022

Manufacture of wooden packaging

Main features:

  • Business: Manufacture of wooden packaging.
  • Location: Bourgogne – Franche-Comté
  • Headcount 7 employees
  • 2021 revenues: 1,2 M€
  • Deadline for submitting bids: 25/11/2022

Manufacturing of industrial packaging

Main features:

  • Business: Design and manufacture of industrial packaging in wood and plastic.
  • Location: Région Grand-Est
  • Headcount 50 employees
  • 2020 revenues: 599 K€
  • Deadline for submitting bids: 25/11/2022

Kiwi – Awax

Main features:

  • Business: Motorcycle helmets brand and stocks (about 5800 pieces).
  • Location: Auxerre (Yonne)
  • Deadline for submitting bids: 14/11/2022