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).

Photovoltaic and renewable energy sector

Main features:

  • Business: Photovoltaic and renewable energy sector (air conditioning, air/air and water heat pumps).
  • Location : Six-Fours-les-Plages (Var)
  • 2022 revenues: 9,2 M€ – 2021 revenues: 7,5 M€
  • Headcount 33 employees
  • Deadline for submitting bids: 25/09/2023

Construction of electricity and telecommunications networks

Main features:

  • Business: Construction of electricity and telecommunications networks.
  • Location: Val d’Oise
  • 2022 revenues: 8,5 M€
  • Headcount 27 employees
  • Deadline for submitting bids: 22/09/2023

Entreprise Lochard Beauce

Main features:

  • Business: Earthworks – Drainage – Landscaping.
  • Location: Brée (Mayenne)
  • Company registration number: 341 803 518
  • 2021 revenues: 8,14 M€
  • Headcount 36 employees
  • Deadline for submitting bids: 20/09/2023

Private sales website

Main features:

  • Business: Dedicated private sales website, online sales events for men’s products and clearance sales 1.85 million members.
  • 2022 revenues: 4,3 M€
  • Headcount 9 employees
  • Deadline for submitting bids: 25/09/2023

Isol’r

Main features:

  • Business: Insulation and renovation of the thermal envelope of all types of house.
  • Location: Ambarès-et-Lagrave Gironde)
  • Company registration number: 794 716 399
  • 2022 revenues: 3,53 M€
  • Headcount 35 employees
  • Deadline for submitting bids: 29/09/2023

Association managing a health centre

Main features:

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

Diazo Communication

Main features:

  • Business: Reprographics, printing, consultancy, graphic design, large format.
  • Location: Saint Malo (Ille-et-Vilaine)
  • Company registration number: 378 009 799
  • 2022 revenues: 1,46 M€
  • Headcount 12 employees
  • Deadline for submitting bids: 20/10/2023

Creator of conversational artificial intelligence dedicated to training

Main features:

  • Business: The creator of conversational artificial intelligence dedicated to training, education and skills acquisition.
  • Location: Val d’Oise et Calvados
  • 2023 revenues: 218 K€
  • Headcount 9 employees
  • Deadline for submitting bids: 29/09/2023