News
22.11.2024Arnaud Pédron, Laura Bavoux, Numa Rengot

Distressed acquisition opportunities – November 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.

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 RengotLaura Bavoux 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 Mistermenuiserie

Main features:

  • Business: Design, installation and sale of home security and comfort products via specialist websites and its network of showrooms (98) and shop-in-shops (38 via the Intermarché network) in France.
  • Location: Head office: Saint-Marcel (Eure) and sales outlets in France
  • Company registration number: Label Habitat : 521 694 133 – Mistermenuiserie Stores : 832 227 300 – Label Digital : 830 639 092
  • 2023 revenues: Label Habitat : 71 M€ – Mistermenuiserie Stores : 61 K€ – Label Digital : 0 €
  • Headcount 351 employees
  • Deadline for submitting bids: 25/11/2024

Carfos – Stockfos

Main features:

  • Business: Port handling – Loading and unloading of ships/ Operation of coal and bulk product storage facilities in several basins in the Port of Marseille
  • Location: Ports de Fos-sur-Mer and Saint-Louis (Bouches du Rhône)
  • 2023 revenues:  Carfos : 26,2 M€ – Stockfos : 3,3 M€
  • Company registration number: Carfos : 561 620 121 – Stockfos : 329 336 713
  • Headcount: Carfos : 68 employees – Stockfos : no employee
  • Deadline for submitting bids: 19/12/2024

Lizybiz

Main features:

  • Business: Intermediary between fashion brands and textile factories
  • Location: Paris
  • Company registration number: 437 894 215
  • 2023 revenues: 4,7 M€
  • Headcount 13 employees
  • Deadline for submitting bids: 13/12/2024

 Retail sale of wedding and evening dresses

Main features:

  • Business: Wholesale and retail sale of wedding and evening dresses
  • Location: Head office: Paris
    Shops: Bordeaux, Limoges, La Rochelle, Tours, Le Mans, Poitiers
  • 2023 revenues: 4,3 M€ – 2022 revenues: 4,9 M€ – 2021 revenues: 2,2 M€
  • Headcount 25 employees
  • Deadline for submitting bids: 16/12/2024

Boat sales and maintenance organisation

Main features:

  • Business: Boat sales and maintenance organisation operating under concession for several premium brands
  • Location: Aube and Méditerranée
  • 2023 revenues: 3,7 M€
  • Headcount 1 employee
  • Deadline for submitting bids: 19/12/2024

MD&CI – CITC 

Main features:

  • Business: MD&CI: general engineering and technical studies
    CITC: Trade training centre and technical site assistance for MD&CI
  • Location: Courbevoie (Hauts-de-Seine)
  • Company registration number: MD&C : 410 196 653 – CICT : 521 495 739
  • Consolidated revenues: around 2,8 M€
  • Headcount 16 employees
  • Deadline for submitting bids: 13/12/2024

Reprography and large-format printing

Main features:

  • Business: Reprography and large-format printing
  • Location: Alfortville (Val-de-Marne)
  • 2024 revenues (project) : 1,5 M€ – 2023 revenues : 1,9 M€
  • Headcount 13 employees
  • Deadline for submitting bids: 13/12/2024

KFC

Main features:

  • Business: Fast-food outlets without alcoholic beverages (KFC brand)
  • Location: Marseille (Bouches du Rhône)
  • 2023 revenues (project) : 1,4 M€
  • Headcount 21 employees
  • Deadline for submitting bids: 13/12/2024

Partage Brasserie

Main features:

  • Business: Partage Brasserie’ restaurant and bar
  • Location: Paris
  • Company registration number: 851 395 012
  • 2023 revenues: 743 K€
  • Headcount 5 employees
  • Deadline for submitting bids: 13/12/2024

Maison Floret

Main features:

  • Business: House of made-to-measure and ready-to-wear wedding dresses
  • Location: Paris
  • Company registration number: 811 508 076
  • CA 2023 : 383 K€ – CA 2022 : 452 K€ – CA 2021 : 344 K€
  • Headcount 2 employees
  • Deadline for submitting bids: 29/11/2024