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).

		Alineo – Cop. Copine Main features: Business: Retail sales of women’s ready-to-wear clothing: in-house creation of collections, production by external manufacturers and distribution in France and abroad. Location: Romainville (Seine-Saint-Denis) Headcount 172 employees 2021 revenues: 24,7 M€ Deadline for submitting bids: 15/12/2022
		Design, production and sale of electronic equipment Main features: Business: A holding company with three wholly-owned operating subsidiaries specializing in the design, production and sale of electronic equipment for professional customers, including telephony equipment, professional intercom systems and communication solutions. The group produces SMD and traditional electronic cards and wired cabling.. Location: Essonne, Val d’Oise et Yvelines Headcount 60 employees 2021 revenues: 10,8 M€ – 2022 revenues (temporary): 6,4 M€ Deadline for submitting bids: 14/12/2022
		Masonry, roofing, structural work Main features: Business: Masonry, roofing, structural work. Location: Lyon (Rhône) Headcount 44 employees 2021 revenues: 10,5 M€ Deadline for submitting bids: 05/12/2022
		NFTY Main features: Business : Listed company in digital marketing. Location: Tassin-la-Demi-Lune (Rhône) Company registration number: 437 733 769 Headcount 22 employees 2021 revenues: 5,2 M€ – 2022 revenues (landing) : 2,9 M€ Deadline for submitting bids: 02/12/2022
		Import and distribution of electric means of locomotion Main features: Business: Import and distribution of electric means of locomotion, EDPM, scooters and electric bikes. Location: Colmar (Haut-Rhin) Headcount 12 employees 2022 revenues (estimated) : 4 M€ Deadline for submitting bids: 01/12/2022
		E-commerce site offering natural and responsible products Main features: Business: E-commerce site offering natural and responsible products. Location: Marseille (Bouches-du-Rhône) Headcount 11 employees 2021 revenues: 3,6 M€ Deadline for submitting bids: 02/12/2022
		Shine Garden Main features: Business: Fast food restaurant. Location: Paris (Ile-de-France) Company registration number: 807 957 956 Headcount 39 employees 2021 revenues: 3,2 M€ Deadline for submitting bids: 12/12/2022
		Renovation work, interior and exterior painting, flooring and wall coverings Main features: Business: Renovation work, interior and exterior painting, flooring and wall coverings Location: Oise Company registration number: 377 716 170 Headcount 46 employees 2021 revenues: 3 M€ Deadline for submitting bids: 09/12/2022
		Comptoir des langues Main features: Business: ISO certified foreign language training organization (e-learning and classroom training since 2002). Location: Paris (Ile-de-France) Company registration number: 399 400 662 Headcount 30 employees 2021 revenues: 2,8 M€ Deadline for submitting bids: 29/11/2022
		Newsteo Main features: Business: The design, conception and sale of electronic systems and products. Location: La Ciotat (Bouches-du-Rhône) Company registration number: 484 468 178 Headcount 20 employees 2021 revenues : 2,6 M€ Deadline for submitting bids: 14/12/2022
		Supplier of customized robotic solutions Main features: Business: Supplier of customized robotic solutions, consulting, engineering, assembly, installation, after sales service. Location: Loire-Atlantique Headcount 14 employees 2022 revenues (estimated) : 2,4 M€ Deadline for submitting bids: 23/12/2022
		Sikoa Agencement Main features: Business: Study, design, manufacture, installation and fitting of fittings. Location: Yffiniac (Côtes d’Armor) Company registration number: 444 873 210 Headcount 23 employees 2021 revenues: 2,2 M€ Deadline for submitting bids: 02/12/2022
		Digital agency of actors, models, hostesses Main features: Business: Digital agency of actors, models, hostesses, present in France, in 9 European countries and in the USA. Location: Europe et USA Headcount 23 employees – Between 300 and 500 employees per month on fixed-term contracts. 2021 revenues: 2 M€ Deadline for submitting bids: 15/12/2022
		Vrac’n Roll Main features: Business: Innovative start-up with an impact: commercial site for organic products delivered in returnable containers. Location: Lyon (Rhône) Company registration number: 819 764 234 Headcount 10 employees 2021 revenues: 800 K€ Deadline for submitting bids: 07/12/2022
		Luxury leather goods workshop Main features: Business: Luxury leather goods workshop Location: Aube Headcount 10 employees 2021 revenues: 238 K€ Deadline for submitting bids: 16/12/2022
		Research and development of new natural products of bacterial origin Main features: Business: Research and development of new natural products of bacterial origin. Location: Hérault Headcount 47 employees Deadline for submitting bids: 09/01/2023