immeuble Franklin

Distressed acquisition opportunities – April 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 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).

Design, manufacture and sale of bicycles and electric bikes

Main features:

  • Business: Company specialising in the design, manufacture and sale of bicycles and electric bikes
  • 2023 revenues: 32 M€ – 2022 revenues: 39 M€ – 2021 revenues: 48 M€ – 2020 revenues: 51 M€
  • Headcount: Approximately 140 employees, including 100 permanent staff
  • Deadline for submitting bids: 06/05/2024

Communications agency

Main features:

  • Business: Company operating as a communications agency
  • Location: Paris
  • Revenues: 30 M€
  • Headcount 170 employees
  • Deadline for submitting bids: 21/05/2024

Company holding an indirect minority interest in a company owning a hotel

Main features:

  • Business: Company holding an indirect minority interest in a company owning a hotel
  • 2022 revenues: 21,7 M€
  • Deadline for submitting bids: 29/04/2024

plomberie sanitaire reprise

Guyenne Sanitaire

Main features:

  • Business: Company specialising in plumbing and sanitary installations
  • Location: Gironde
  • Company registration number: 414 655 399
  • 2022 revenues: 13,9 M€
  • Headcount 74 employees
  • Deadline for submitting bids: 30/04/2024
fenetre reprise logis service

Manufacture and sale of PVC windows and doors

Main features:

  • Business: Manufacture and sale of PVC windows and doors
  • Location: Lutterbach (Haut-Rhin)
  • 2022 revenues: 13,4 M€
  • Headcount 82 employees
  • Deadline for submitting bids: 03/05/2024

Clinique Synergia Lubéron

Main features:

  • Business: Medical and surgical clinic – hospital activity divided into 9 surgical specialities and 3 medical specialities
  • Location: Cavaillon (Vaucluse)
  • Company registration number: 324 873 751
  • 2023 revenues: 9,3 M€
  • Headcount 85 employees
  • Deadline for submitting bids: 03/05/2024

Industrial cleaning service

Main features:

  • Business: Industrial cleaning service and all associated work – green spaces
  • Location: Bastia, Ajaccio and Marseille
  • 2022 revenues: 8,4 M€ – 2021 revenues: 8 M€
  • Headcount : Seasonally variable / FTE workforce: 183 employees
  • Deadline for submitting bids: 10/05/2024

Distributor of household waste skips

Main features:

  • Business: A subsidiary of a European group distributing refuse collection vehicles, compactors and waste collection equipment. It also provides maintenance, servicing and repair services for a customer base of public and private managers.
  • Location: Mions (Rhône-Alpes)
  • 2023 revenues (landing) : 8,2 M€ – 2022 revenues: 10,3 M€ – 2021 revenues: 11,5 M€
  • Headcount 16 employees
  • Deadline for submitting bids: 03/05/2024

Car dealership specialising in sports cars and racing cars

Main features:

  • Business: Car dealership specialising in sports cars and racing cars. Its business revolves around :
    – Sales of new vehicles
    – The sale of used vehicles, often taken back when new vehicles are sold
    – Vehicle maintenance and repair, and the sale of spare parts
  • Location: Colomiers (Haute-Garonne)
  • 2023 revenues: 7,2 M€ – 2022 revenues: 7,8 M€ – 2021 revenues: 8,5 M€
  • Headcount 5 employees
  • Deadline for submitting bids: 26/04/2024

Road transport / intercity freight

Main features:

  • Business: Road transport / intercity freight
  • Location: Loire region
  • 2023 revenues (10 mounths) : 7,1 M€
  • Headcount 77 employees
  • Deadline for submitting bids: 14/05/2024

General masonry work

Main features:

  • Business: General masonry work, painting, interior and exterior cladding
  • Location: Gironde
  • 2023 revenues: 6,1 M€
  • Headcount 19 employees
  • Deadline for submitting bids: 26/04/2024

Maisons Harmony 63

Main features:

  • Business: The design, project management and marketing of single-family homes and, more generally, all types of built property
  • Location: Aubière (Puy-de-Dôme)
  • Company registration number: 337 629 067
  • 2023 revenues: 5,3 M€ – 2022 revenues: 6,2 M€ – 2021 revenues: 5,5 M€
  • Headcount 6 employees
  • Deadline for submitting bids: 30/04/2024

Forum du Livre

Main features:

  • Business: Independent stationery bookshop
  • Location: Rennes (Ille-et-Vilaine)
  • Company registration number: 798 785 085
  • 2023 revenues: 4,7 M€
  • Headcount 26 employees
  • Deadline for submitting bids: 25/05/2024

Online sales of personalised clothing and objects

Main features:

  • Business: Company specialising in online sales of personalised clothing and objects
  • Location: Gironde
  • 2023 revenues: 2,8 M€
  • Headcount 20 employees
  • Deadline for submitting bids: 03/05/2024