Distressed acquisition opportunities – December 2021

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).

		Hydroption Main features: Business: Alternative electricity supplier and balance responsible for business customers. Company registration number: 804 986 552 Headcount 17 employees Location: Toulon (Var) 2020 revenues: 233 M€ Deadline for submitting bids: 22/11/2021
		Agricultural chemicals and spare parts Main features: Business: Wholesale (business-to-business) of agricultural chemicals (plant protection products, seeds, fertilisers) and spare parts. Location: Loir-et-Cher Headcount 69 employees 2020 revenues: 41,5 M€ Deadline for submitting bids: not given
		Zilli Main features: Business: Design, manufacture and trading of luxury men’s clothing with a recognised know-how in working with noble materials. Company registration number: 965 506 439 Location: Lyon area Headcount 105 employees 2020 revenues: 31,5 M€ Deadline for submitting bids: 21/11/2021
		New buildings and renovations Main features: Business: Company for new constructions and renovations, rehabilitation of buildings of character. General building company, masonry, reinforced concrete, painting, tiling, renovation, rehabilitation, structural work. Headcount 30 employees Location: Île-de-France South 2020 revenues: 6 M€ Deadline for submitting bids: 19/01/2022
		Interior and exterior joinery Main features: Business: Manufacture and assembly of interior and exterior joinery in wood, aluminium and PVC. Headcount 21 employees Location: Romainville (Seine-Saint-Denis) 2020 revenues: 4,2 M€ Deadline for submitting bids: 15/12/2021
		C.T.I. Main features: Business: Tipper manufacture. Company registration number: 383 947 595 Headcount 37 employees Location: Belforêt-en-Perche (Orne) 2020 revenues: 4 M€ Deadline for submitting bids: 20/12/2021
		Emoteev & Elium Tech Main features: Business: Holding company: marketing of online advertising campaigns Clients: advertising agencies (Havas, Publicis) and advertisers Subsidiary: marketing of technological solutions and services related to online advertising (“AdTech”) which are managed through a platform allowing the orchestration and control of all the technical players in the market. Company registration number: Emoteev : 850 772 898 – Elium Tech : 819 603 713 Headcount: Holding : 18 employees – Subsidiary: 10 employees Location : Paris (Ile-de-France) Revenues: Holding: 3, 41 M€ – Subsidiary: 24 K€ Deadline for submitting bids: 20/12/2022
		Cubit France Technologies Main features: Business: Manufacture and marketing of tickets and other media. Company registration number: 352 576 805 Headcount 21 employees Location: Grande-Synthe (Nord) 2020 revenues: 2,86 M€ Deadline for submitting bids: 07/01/2022
		Cutting and machining services Main features: Business: Cutting, machining, surface treatment, painting, heat treatment and packaging services. Production of parts from prototypes to medium-sized series in steel, stainless steel, aluminium, titanium, bronze and plastic. Headcount 36 employees Location: Tarn 2020 revenues: 2,86 M€ Deadline for submitting bids : 26/11/2021
		Dupin Père et fils Main features: Business: Agricultural mechanics. Company registration number: 334 897 782 Location: Rivarennes (Indre-et-Loire) Headcount 9 employees 2020 revenues: 2,51 M€ Deadline for submitting bids: 203/12/2021
		TRM Espaces verts Main features: Business: Creation and maintenance of green spaces, fencing, planting, landscaping and masonry work. Company registration number: 444 628 432 Location: Meung-sur-Loire (Loiret) Headcount 19 employees 2020 revenues: 1,9 M€ Deadline for submitting bids: 22/12/2021
		Boilermaking – Modular construction – Manufacture of tanks and cisterns Main features: Business: The company specialises in boiler making (piping, metal construction), modular construction (bungalows, sales areas) and the manufacture of tanks and cisterns for professionals in aeronautics, construction and industry in general. Location: Midi-Pyrénées Headcount 16 employees CA 2020 : 1,68 M€ DLDO : 26/11/2021
		Ironwork – Metalwork Main features: Business: Ironwork – Metalwork. Headcount 24 employees Location: Côte-d’Armor CA 2020 : 1,62 M€ Deadline for submitting bids: 31/01/2022
		Terra Main features: Business: Publication of a professional agricultural newspaper, services for trade fairs, partners, authorisation for legal notices in Brittany. Company registration number: 349 355 156 Headcount 11 employees Location: Rennes (Ille-et-Vilaine) 2020 revenues: 1,6 M€ Deadline for submitting bids: 12/01/2022
		Distribution de titres de presse Main features: Business: Distribution de titres de presse chez les particuliers (portage) et dans les points de vente (dépôt). Headcount 37 employees Location: Bouches-du-Rhône 2020 revenues: 1,57 M€ Deadline for submitting bids: 06/12/2021
		Restaurant – 400 covers – Lyon Main features: Business: Goodwill of a restaurant in the Grand Hôtel Dieu shopping centre with a capacity of 400 covers. Headcount 6 employees Location: Lyon (Rhône) 2020 revenues: 1,29 M€ Deadline for submitting bids: non renseignée

		P.H.M – Philippe Morisse SAS Main features: Business: Specialist in the manufacture of scribing machines (Stadeite), concentrated paint (PliPack) and field markers for sports fields. Company registration number: 503 086 100 Headcount 12 employees Location: Oloron Sainte Marie (Pyrénées Atlantique) and Giscaro (Gers) 2020 revenues: 1,2 M€ Deadline for submitting bids: 06/12/2021
		Audit of IT infrastructures and implementation of datacenter management tools Main features: Business: Audit of IT infrastructures and implementation of datacenter management tools. Headcount 12 employees Location: North of Paris 2020 revenues: 835 K€ Deadline for submitting bids: 30/12/2021
		Clic and walk Main features: Business: Data collection and market research, via the “clicandwalk” application, and competence measurement, via the “whasq” application. Company registration number: 539 839 761 Headcount 2 employees Location: Lille (Hauts-de-France) 2020 revenues: 224 K€ Deadline for submitting bids: 31/12/21
		Hubware Main features: Business: Development of predictive software that enables companies to improve the speed and efficiency of their customer service. Company registration number: 820 030 500 Headcount 4 employees Location: Paris and Toulouse 2020 revenues: 112,5 K€ Deadline for submitting bids: 20/12/2021
		Emulbitume Main features: Business: Music and sound production, design, direction, production, adaptation, arrangement of all audiovisual works, video, television, sound recording and music publishing. Company registration number: 390 702 801 Headcount from 1 to 2 employees Location: Paris Deadline for submitting bids: 13/12/2021