News
22.08.2022Arnaud Pédron, Numa Rengot

Distressed acquisition opportunities – August 2022

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).

Arelec

Main features:

  • Business: Arelec Company : Design and production of magnetic solutions based on permanent magnets in various industrial sectors (automotive, home automation, furniture, pharmaceutical industry)
    Arelec Araymond Company : Design office of SAS Arelec.
  • Location: Lons (Pyrénées-Atlantiques)
  • Company registration number: Arelec : 394 251 466 – Arelec Araymond : 848 865 283
  • Headcount : Arelec : 75 employees – Arelec Araymond : 13 employees
  • Arelec : 2021 revenues: 15 M€ – 2020 revenues: 12,3 M€ – 2019 revenues (19 months) : 21,8 M€
    Arelec Araymond : 2021 revenues: 1 M€ – 2020 revenues: 962 K€ – 2019 revenues: 745 K€
  • Deadline for submitting bids: 05/09/2022

Clinique des trois frontières – Saint Louis

Main features:

  • Business: Medicine, surgery, endoscopy (137 beds).
  • Location : Saint-Louis (Haut-Rhin)
  • Headcount 164 employees
  • 2021 revenues: 13,26 M€
  • Deadline for submitting bids: 20/09/2022

Luxury Resort Hotel – Marrakech

Main features:

  • Business: Luxury Resort Hotel: 24 spacious rooms and suites spread over 5 Riads – Bar and restaurant that can accommodate up to 50 guests – 1 park of 2 hectares – Swimming pools.
  • Location: Marrakech (Maroc)
  • Headcount 28 employees
  • Deadline for submitting bids: 16/09/2022

SDCM

Main features:

  • Business: Asbestos removal, cleaning, defibration and lead treatment.
  • Location: Boos (Seine-Maritime)
  • Company registration number: 487 736 993
  • Headcount 27 employees
  • 2021 revenues: 4,98 M€ – 2020 revenues: 3 M€
  • Deadline for submitting bids: 25/08/2022

Manufacture of furniture

Main features:

  • Business : Manufacture of furniture and fittings for hotels and restaurants, offices and sales areas .
  • Location: Yonne
  • Headcount: 26 employees (and an additional 5 in another company of the group which may be sold)
  • 2021 revenues: 4,02 M€ – 2020 revenues: 4,07 M€ – 2019 revenues: 5,15 M€
  • Deadline for submitting bids: 02/09/2022

Processing and conservation of butcher’s meat

Main features:

  • Business: Processing and conservation of butcher’s meat.
  • Location: Nouvelle Aquitaine
  • Headcount 8 employees
  • 2021 revenues: 3,5 M€
  • Deadline for submitting bids: 26/08/2022

Security

Main features:

  • Business: Guarding, security agent, canine driver, alarm intervention rounds.
  • Location: Lot-et-Garonne
  • Headcount 12 employees
  • 2021 revenues: 1 M€
  • Deadline for submitting bids: 05/09/2022

Luderix International (brand Picwictoys)

Main features:

  • Business: Stock of educational toys and games.
  • Location: Nice, Eragny sur Oise, Parinor, La Défense.
  • Headcount: Between1000 and 1999 employees (2019 datas)
  • Inventories composed as follows: Nice PA (excluding vat): 600 K€ – Eragny sur Oise PA (excluding vat) : 529 K€ – Parinor PA (excluding vat): 504 K€ – La Défense PA (excluding vat) : 529 K€
  • Deadline for submitting bids: 19/08/2022

Design of patented technologies and cosmetics

Main features:

  • Business: Design of patented technologies and innovative cosmetic products for the shower (aromatherapy, aromachology).
  • Location: Paris and Lyon (Rhône)
  • Headcount 6 employees
  • 2021 revenues: 858 K€ – 2020 revenues: 1 M€ – 2019 revenues: 466 K€
  • Deadline for submitting bids: 15/09/2022

Italian restaurant

Main features:

  • Business: Italian restaurant in a mall (capacity: 128 people inside, 74 on the terrace).
  • Location: East of Lyon
  • Headcount 17 employees
  • Estimated current annual reenues: 967 K€
  • Deadline for submitting bids: 19/09/2022

Maison Proton Capillery

Main features:

  • Business: Embroidery art, unique pieces and small series. Flags, pennants, badges, embroideries framed under glass.
  • Location: Lyon (Rhône)
  • Company registration number: 445 294 473
  • Headcount 6 employees
  • 2021 revenues: 356 K€ – 2021 profit: 52 K€ – 2020 revenues: 331 K€ – 2020 profit: 6 K€
  • Deadline for submitting bids: 23/09/2022