Distressed acquisition opportunities – October 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).

		Service d’Aide et d’Accompagnement à Domicile (S.A.A.D) Main features: Business: Home help and accompaniment service. Location: La Réunion Headcount 655 employees 2021 revenues: 14,3 M€ Deadline for submitting bids: 02/12/2022
		Création Bois Construction (CBC) Principales caractéristiques : Business: Company of design, prefabrication and installation of structures in wood Location: Lys-lez-Lannoy (Hauts-de-France) Headcount 60 employees 2021 revenues: 11 M€ Deadline for submitting bids: 31/10/2022
		Constel Main features: Business: Technical services on operators’ networks (fiber optic network, copper and infrastructures) as a second-tier subcontractor for large telecom and energy groups. Location: Aubière (Puy-de-Dôme) Company registration number: 330 366 824 Headcount 203 employees 2021 revenues: 10,3 M€ Deadline for submitting bids: 20/10/2022
		Meat processing and distribution Main features: Business: Processing and distribution of meat (Kebab spits), trading of food and non-food products. Location: Drôme Headcount 14 employees 2021 revenues: 9,4 M€ Deadline for submitting bids: 14/11/2022
		Industrial studies and achievements Main features: Business: Industrial studies and achievements. Location: Sainte Marie aux Chênes (Moselle) Headcount 38 employees 2021 revenues: 5,3 M€ Deadline for submitting bids: 25/10/2022
		Centre d’Etudes et de Réalisation Industrielles (CERI) Main features: Business: Creation and realization of machines, automatic units. Location: Louviers (Eure) Headcount 39 employees Company registration number: 306 354 671 2021 revenues: 4 M€ Deadline for submitting bids: 31/10/2022
		Serimatec SN Main features: Business: Robotization of solutions and automated handling. Location: Val-de-Rueil (Eure) Headcount 32 employees Company registration number: 539 154 179 2021 revenues: 3,2 M€ Deadline for submitting bids: 31/10/2022
		Groupe Hop’ la Pizza Main features: Business: 20 companies operating pizzerias under the name “HOP’LA PIZZA” – 2 companies in charge of administrative tasks – 1 company operating a car garage – 5 SCIs holding the walls of certain pizzerias. Location: Boigny-sur-Bionne (Centre Val de Loire) Headcount 70 employees Company registration number: 821 807 120 2021 revenues: 3 M€ Deadline for submitting bids: 21/10/2022
		Security-related services Main features: Business: Services related to security, particularly for the retail sector. Location: Bourgogne, Centre Val de Loire, Ile-de-France and Morbihan Headcount 70 employees 2021 revenues: 2,6 M€ Deadline for submitting bids: 28/10/2022
		Transports Philippe Sciacqua Main features: Business: Intercity road freight transport. Location: Sainte-Croix (Vaucluse) Company registration number: 400 372 173 Headcount 12 employees 2021 revenues: 2,6 M€ Deadline for submitting bids: 14/11/2022
		SECMMI Main features: Activité : Boilermaking, mechanics and industrial maintenance. Location: Avignon (Vaucluse) Company registration number: 400 525 721 Headcount 22 employees 2021 revenues: 2,4 M€ Deadline for submitting bids: 14/11/2022
		Transport de marchandises, location de véhicules avec conducteur Main features: Business: Transport of goods, rental of vehicles with driver. Location: Val d’Oise Headcount 37 employees 2021 revenues: 2,3 M€ Deadline for submitting bids: 31/10/2022
		Security-related services Main features: Business: Services related to security, particularly for the retail sector. Location: Bourgogne, Centre Val de Loire, Ile-de-France and Morbihan Headcount 70 employees 2021 revenues: 2,6 M€ Deadline for submitting bids: 28/10/2022
		Scop Huma Print (anciennement Helio Corbeil) Main features: Business: Printing (digital printing, small and large format, with variability management for personalization). Location: Combs-la-Ville (Seine-et-Marne) Company registration number: 539 938 878 Headcount 31 employees 2021 revenues: 559 K€ Deadline for submitting bids: 20/10/2022
		Manufacture, sale, renovation and repair of electromechanical equipment Main features: Business: Manufacture, sale, renovation and repair of electromechanical equipment of the “geared motor type”.. Location: Ile-de-France Headcount 18 employees 2021 revenues: 2,3 M€ Deadline for submitting bids: 10/11/2022
		SCI Dian Patagan Main features: Company owner looking for a buyer : – Building for industrial use with a total surface of 5 835 m² : 7 offices and 2 archive rooms, 1 storage and expedition room, 1 housing, 1 external canopy. – Adjoining land. Location: Sciez (Haute-Savoie) Company registration number: 524 020 500 Lease: 129 K€ excluding VAT and excluding charges per year Deadline for submitting bids: 26/10/2022