Distressed acquisition opportunities – September 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.

If you are interested in any of these assets, please contact our partners Numa Rengot, Laura 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).

		Keyor Main features: Business: Group specialising in the manufacture of opening solutions (doors, frames and door units) for the building industry for 30 years Location: Floirac (Gironde) Company registration number: 389 960 006 2023 revenues: 53 M€ Headcount 285 employees Deadline for submitting bids: 10/10/2024
		Purchase, sale and maintenance of motor vehicles Main features: Business: The purchase, sale, repair, maintenance and hire of new and used light motor vehicles, the purchase and sale of spare parts and accessories, and all related activities. Location: Baie Mahault (Guadeloupe) 2022 revenues: 25,8 M€ Headcount 40 employees Deadline for submitting bids: 04/10/2024
		Sale of cars and light motor vehicles Main features: Business: Sale of cars and light motor vehicles Location: Le Lamentin (Martinique) 2022 revenues: 18,3 M€ Headcount 43 employees Deadline for submitting bids: 04/10/2024
		Sale of spare parts and accessories Main features: Business: Company specialising in the sale of spare parts and accessories for the repair of household appliances and audiovisual equipment Location: Headquarters: Paris – Operations: Vernoux-en-Vivarais 2022-2023 revenues: 15,3 M€ – 2021-2022 revenues: 14 M€ Headcount 38 employees Deadline for submitting bids: 02/10/2024
		General masonry Main features: Business: General masonry and building shell work – Carpentry, joinery, roofing, zinc work Location: Haut-Rhin 2023 revenues: 10,6 M€ Headcount 51 employees Deadline for submitting bids: 18/10/2024
		Surface treatment and coating Main features: Business: Regional leader in surface treatment and coating (paint) Location: Région lyonnaise 2023 revenues: 8,6 M€ Headcount 47 employees Deadline for submitting bids: 24/09/2024
		Asbestos removal Main features: Business: A company specialising in asbestos removal, lead removal, pollution control and all work requiring difficult access Location: Indre-et-Loire 2024 revenues (7 months): 2,5 M€ – 2023 revenues: 6,2 M€ Headcount 40 employees Deadline for submitting bids: 11/10/2024
		Moovway Mobility Main features: Business: Sale of electric mobility products Location: Seine Saint Denis Company registration number: 901 388 959 2023 revenues: 5,3 M€ – 2022 revenues: 16,3 M€ Headcount 8 employees Deadline for submitting bids: 31/10/2024
		Architecture, town planning and interior design Main features: Business: Architecture, town planning and interior design Location: Lyon (Rhône-Alpes) 2023 revenues: 5,1 M€ – 2022 revenues: 6,9 M€ – 2021 revenues: 6,7 Headcount 28 employees Deadline for submitting bids: 14/10/2024
		Fast food Main features: Business: Fast food Location: Vélizy, Neuilly, la Défense, Créteil, Tremblay en France (Aéroville), Lieusaint (Carré Sénart), Marseille (Terrasse du port) and Euralille 2023 revenues: 5 M€ – 2022 revenues: 5,3 M€ Headcount 27 employees Deadline for submitting bids: 14/10/2024
		Purchase, sale and maintenance of motor vehicles Main features: Business: The purchase, sale, repair, maintenance and hire of new and used cars and light motor vehicles, the purchase and sale of spare parts and accessories, and all related activities. Location: Saint Martin (Guadeloupe) 2022 revenues: 3,3 M€ Headcount 5 employees Deadline for submitting bids: 04/10/2024
		Megret Main features: Business: Transporting goods on pallets and semi-trailers Location: Morbihan Company registration number: 512 148 719 2023 revenues: 3,2 M€ Headcount 14 employees Deadline for submitting bids: 14/10/2024
		Le temps des travaux Main features: Business: 100% automated online sales company with a catalogue of 100,000 building materials and supplies Location: Aix-en-Provence (Bouches-du-Rhône) 2023 revenues: 2,9 M€ Headcount 2 employees Deadline for submitting bids: 11/10/2024
		Real estate projects Main features: Business: Holding company dedicated to the support functions and shareholding of 10 companies whose skills are linked to the realisation of property projects in the following fields: project management/programming, architecture, urban planning, interior design, project management, etc. Location: Paris 2023 revenues: 1,7 M€ – 2022 revenues: 1,9 M€ – 2021 revenues: 2,2 M€ Headcount 3 employees (85 Group-wide) Deadline for submitting bids: 14/10/2024