immeuble Franklin

Distressed acquisition opportunities – December 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).

Manufacture of wire goods – Metal protection

Main features:

  • Business:
    Company 1: Manufacture of wire and tube articles, execution of all electroplating works and all protection and decoration works.
    G.E.PART.14: Protection of metals and metal and plastic objects in all its forms.
  • Location: Beaugency (Loiret) and Vespière-Friardel (Calvados)
  • Headcount : Company 1 : 34 employees – G.E.PART.14 : 26 employees.
  • 2021 revenues: Company 1 : 8,3 M€ – G.E.PART.14 : 2,5 M€
  • Deadline for submitting bids: 15/12/2022

Construction of individual houses, industrial buildings and commercial premises

Main features:

  • Business: Company specialized in the building sector and more specifically in the construction of individual houses, industrial buildings and commercial food premises, house extension works, renovation.
  • Location: Val-de-Marne
  • Headcount 28 employees
  • 2021 revenues: 8,1 M€
  • Deadline for submitting bids: 06/01/2023

General building company

Main features:

  • Business: General building company (coordination and management of real estate development sites – all actual work is subcontracted).
  • Location: Lyon area
  • Headcount 2 employees
  • 2021 revenues: 5,5 M€
  • Deadline for submitting bids: 10/01/2023

Internet distribution of custom-made and personalized storage units

Main features:

  • Business: Distribution on the internet of custom-made and personalized storage units. Design via a 3D configurator developed in-house, allowing total automation between online design by an individual and manufacturing in France.
  • Location: Boulogne-Billancourt (Hauts-de-Seine)
  • Headcount 9 employees
  • 2021 revenues: 2,3 M€
  • Deadline for submitting bids: 06/01/2023

Industrial manufacturing of wired interconnection

Main features:

  • Business: Industrial or specific manufacture on plan of wire interconnection elements (harnesses, electrical harnesses, cords, windings, wiring,…) and marking (sleeves,…).
  • Location: Normandie
  • Headcount 23 employees
  • 2021 revenues: 1,9 M€
  • Deadline for submitting bids: 24/01/2023

MSB Industries

Main features:

  • Business: Design, production, distribution of all electronic equipment or derivatives on the armament and aeronautics markets.
  • Location: Salbris (Loir-et-Cher)
  • Company registration number: 334 248 432
  • Headcount 18 employees
  • 2021 revenues: 1,5 M€
  • Deadline for submitting bids: 23/01/2023

Bio supermarket

Main features:

  • Business: Bio supermarket.
  • Location: Essey-lès-Nancy (Meurthe-et-Moselle)
  • Headcount 3 employees
  • 2021 revenues: 1,2 M€

Ca c’est Paris

Main features:

  • Business: Sale of tourism services for groups in B to B.
  • Location: Ile-de-France
  • Headcount 4 employees
  • Deadline for submitting bids: 16/12/2022

Search for buyers of lease rights of a company in receivership

Main features:

  • Business:
    1. Right to the lease rue de Lorient -136 sqm – Designation: in a building complex, on the ground floor, a commercial premises, two offices and a kitchen, 2 garages, 4 cellars and parking spaces. Expiry date: April 2031.
    2. Right to the Canal St-Martin lease – 111 sq.m. – Designation: in a building complex, a commercial premises and an office premises, 2 parking spaces, 1 garage. – Expiry date: May 2031.
    3. Right to lease place de Bretagne -136 sq.m. – Designation: in a building in joint ownership, on the ground floor, a commercial premises including a store, 2 offices, a storage room and a WC, in the basement, a 48 sq.m. premises, on the first floor, a 27 sq.m. reserve, in the courtyard, a 42 sq.m. premises. – Expiry date: October 2029.
  • Location: Rennes (Ille-et-Vilaine)
  • Annual rent: 1) 44.480 € excluding VAT and charges – 2) 37.996 € excluding VAT and charges – 3) 34.800 € excluding VAT and charges