Distressed acquisition opportunities – October 2023

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).

		Clinique – Maison de retraite Main features: Business: Company1: Clinic, medicine, surgery, obstetrics, emergencies. Company 2: EPHAD – Retirement home Location: Lyon area 2022 revenues: Company 1: 54,1 M€ -Company 2: 3,9 M€ Headcount : Company 1: 418 employees – Company 2: 55 employees Deadline for submitting bids: 20/10/2023
		Groupe Sebbin Main features: Business: Manufacture and sale of silicone prostheses and implants for cosmetic and reconstructive surgery. Location: Boissy l’Aillerie (Val d’Oise) Company registration number: 519 665 467 2022 revenues: 19,1 M€ – 2021 revenues: 20,9 M€ – 2020 revenues: 15,8 M€ Headcount 138 employees Deadline for submitting bids: 24/10/2023
		Habitat Pro Solutions Main features: Business: Marketing and carrying out home improvement work. Location: Les Sables d’Olonne (Vendée) Company registration number: 487 613 275 Turnover at 31/03/2023: 14,8 M€ Headcount 118 employees Deadline for submitting bids: 17/10/2023
		Machinery and equipment for the construction of overhead and underground networkset Main features: Business: Manufacture and marketing of a range of machinery and equipment for the construction of overhead and underground networks. Location: Tarn-et-Garonne 2022 revenues: 13,3 M€ Headcount 53 employees Deadline for submitting bids: 13/11/2023
		Nice Fellow Kayenta Production Main features: Business: Production of audio-visual content and post-production (including dubbing and subtitling). Location: Paris Company registration number: 349 942 102 CA 2021 : 12,2 M€ – CA 2020 : 11,1 M€ – CA 2019 : 11,1 M€ Headcount 27 employees Deadline for submitting bids: 30/10/2023
		Culture Miel Main features: Business: Honey trading, production and marketing of by-products (confectionery, biscuits, wax, jelly). Location: Loiret Company registration number: 343 291 514 2022 revenues: 6,5 M€ – 2021 revenues: 6,7 M€ Headcount 21 employees Deadline for submitting bids: 31/10/2023
		Habitat de l’Odet Main features: Business: Project management and marketing of single-family homes. Location: Quimper (Finistère) Company registration number: 829 410 836 2022 revenues: 5,7 M€ Headcount 7 employees Deadline for submitting bids: 24/10/2023
		Automotive equipment Main features: Business: Wholesale and retail sale of automotive equipment (mainly tyres for HGVs and agricultural vehicles). Location: Valence (Drôme) 2022 revenues: 5,2 M€ – 2021 revenues: 8,8 M€ Headcount 2 employees Deadline for submitting bids: 20/11/2023
		Industrial routing Main features: Business: Industrial routing. Location: Lille (Nord) 2022 revenues: 5,2 M€ – 2021 revenues: 5,1 M€ Headcount 61 employees Deadline for submitting bids: 31/10/2023
		Carré Santé Beauté Main features: Business: Sale of parapharmacy products in shops and online. Location: Villeurbanne (Rhône) Company registration number: 415 012 145 2022 revenues: 5,2 M€ Headcount 42 employees Deadline for submitting bids: 06/11/2023
		IT systems and software consultancy Main features: Business: IT systems and software consultancy. Location: Paris 2022 revenues: 4,1 M€ Headcount 11 employees Deadline for submitting bids: 25/10/2023
		TecSom Main features: Business: Manufacture, production and sale of all materials, floor coverings, carpets and decorative items for interiors and exteriors under the TecSOM brand. Location: Head office in the Cote d’Or and factories in the Ardennes Company registration number: 750 036 758 2022 revenues: 3,7 M€ – 2021 revenues: 4,9 M€ – 2020 revenues: 5,9 M€ Headcount 20 employees Deadline for submitting bids: 26/10/2023
		Edixia Automation Main features: Business: Engineering and supply of machine vision systems for the automotive, aerospace and steel industries. Location: Vern-sur-Seiche (Ille-et-Vilaine) Company registration number: 753 630 235 2022 revenues: 2,9 M€ Headcount 23 employees Deadline for submitting bids: 27/10/2023
		Retail, pharmacy, medical, beauty Main features: Business: Retail, pharmacy, medical, beauty. Location: Ile-de-France 2022 revenues: 2,6 M€ Headcount 10 employees Deadline for submitting bids: 20/10/2023
		Driving school Main features: Business: Driving school: driving lessons. Location: Various establishments in Aveyron, Tarn, Haute Garonne and Hérault 2022 revenues: 2,2 M€ – 2021 revenues: 2,4 M€ Headcount 45 employees