immeuble Franklin

Distressed acquisition opportunities – September 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).

Retail – Textiles – Clothing

Main features:

  • Business: Retail, textiles, clothing, footwear, leather goods, travel goods.
  • Location: Ile-de-France
  • 2022 revenues: 35 M€ – 2021 revenues: 30 M€
  • Headcount 232 employees
  • Deadline for submitting bids: 13/10/2023
transport routier

Transport of goods

Main features:

  • Business: Transport of goods by commercial vehicles of less than 3.5 T (last km).
  • Location: Nouvelle Aquitaine
  • 2022 revenues: 9,3 M€ – 2021 revenues: 8,8 M€
  • Headcount 159 employees
  • Deadline for submitting bids: 13/10/2023

Robin Aircraft

Main features:

  • Business: Historic manufacturer of passenger aircraft.
  • Location: Darois (Côte d’Or)
  • Company registration number: 533 061 172
  • 2021 revenues: 4,7 M€
  • Effectif : 35 salariés
  • Deadline for submitting bids: 16/10/2023

La Nouvelle Vallée

Main features:

  • Business: A company that has been producing and developing aperitif drinks since 2021, notably under the “FESTY’CHOP” and “APERI’CHOP” brands.
  • Location: Billy-sur-Aisne (Aisne)
  • Company registration number: 451 721 260
  • 2020 revenues: 4,5 M€
  • Deadline for submitting bids: 09/10/2023

Covepro

Main features:

  • Business: Marketing and distribution of personal protective equipment (Caterpillar, DeWalt, Dickies, Ambiers, Ansell).
  • Location: Montigny-le-Bretonneux (Yvelines)
  • Company registration number: 632 040 226
  • CA 2022 : 4,4 M€ – CA 2021 : 4,5 M€ – CA 202 : 4,3 M€
  • Headcount 5 employees
  • Deadline for submitting bids: 11/10/2023

Modetrotter

Main features:

  • Business: Creation and distribution of women’s ready-to-wear and accessories under the “Modetrotter” brand.
  • 2022 revenues: 3,6 M€
  • Headcount 12 employees
  • Deadline for submitting bids: 09/10/2023

Health centre

Main features:

  • Business: Retail, pharmacy, medical, beauty. Association running a health centre.
  • Location: Aubagne (Bouches-du-Rhône)
  • 2022 revenues: 1,5 M€
  • Headcount 22 employees
  • Deadline for submitting bids: 29/09/2023

General building contractor

Main features:

  • Business: General building contractor.
  • Location: Chevilly-Larue (Val-de-Marne)
  • 2022 revenues: 1,4 M€
  • Headcount 8 employees
  • Deadline for submitting bids: 20/10/2023

Restaurant

Main features:

  • Business: Traditional restaurant with nightclub (licence IV).
  • Implantation géographique : Paris
  • 2022 revenues: 1,4 M€
  • Headcount 10 employees
  • Deadline for submitting bids: 06/10/2023

Blue-Infra

Main features:

  • Business: Opérateur d’infrastructure fibre optique avec son propre backbone et maitrise d’œuvre de conception et de suivi d’exécution de réseaux de télécommunications.
  • Location: Pont-Audemer (Eure)
  • Company registration number: 797 914 405
  • 2022 revenues: 1,2 M€
  • Headcount 3 employees
  • Deadline for submitting bids: 20/10/2023

Sunset Presse

Main features:

  • Business: Motion picture, video and television programme production; sound recording and music publishing.
  • Location: Levallois-Perret (Hauts-de-Seine)
  • Company registration number: 393 162 797
  • 2021 revenues: 1,15 M€
  • Deadline for submitting bids: 29/09/2023