Distressed acquisition opportunities – January 2023

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).

		Groupe CEAT Main features: Business: Electronic product repair and programming. Location: Longvic (Côte-d’Or) Company registration number: CEAT : 309 950 855 – ITCB : 920 533 528 – RENJ : 881 350 185 2022 revenues: CEAT : 64 M€ – ITCB : non communiqué – RENJ : 1.7 M€ Deadline for submitting bids: 24/02/2023
		TrefilUnion Main features: Business: Manufacture of wire and prestressing steel. Location : Commercy (Loir-et-Cher) et Sainte-Colombes-sur-Seine (Eure) Company registration number: 843 137 373 Headcount 69 employees 2021 revenues: 23,5 M€ Deadline for submitting bids: 31/01/2023
		Groupe Pourprix – Titan Aviation Main features: Business: World leader in the design, manufacture, marketing and maintenance of refueling vehicles, including a full range of electric and hybrid vehicles, for civil and military aircraft with an extensive customer base. Location: 3 production plants: Arnas, Aix-en-Provence and Bombay -Inde – 3 subsidiaries in India, Algeria and UK. Company registration number: 954 504 015 Headcount 100 employees 2022 revenues: 12,3 M€ Deadline for submitting bids: 20/02/2023
		Manufacture, production and marketing of sauces Main features: Business: Manufacture, production and marketing of all sauces, condiments, spreadable products, food preparations in jars or other packaging. Location: Vallée du Rhône Headcount 28 employees 2021 revenues: 7 M€ Deadline for submitting bids: 15/02/2023
		Berthier Alpes Main features: Business: Company of industrial boiler making, mechanic-welding intervening in the nuclear, ski lifts and steel industry. Location: La Bathie (Savoie) Company registration number: 397 430 950 Headcount 19 employees 2022 revenues: 4,9 M€ Deadline for submitting bids: 24/02/2023
		Foundry, industrial mechanics, boiler making Main features: Business: Foundry, industrial mechanics, boiler making. Location: Charente Headcount 40 employees 2021 revenues: 3,1 M€ Deadline for submitting bids: 24/02/2023
		Social and professional insertion Main features: Business: Social and professional insertion. Location: Marseille (Bouches-du-Rhône) Headcount 72 employees 2022 revenues: 3 M€ Deadline for submitting bids: 20/02/2023
		Cristec Industries Main features: Business: Design, manufacture and sale of on-board electrical equipment (battery chargers, inverters, converters, distributors, etc.) mainly for pleasure boating (sailboats, motor boats and barges). Location: Quimper (Finistère) Company registration number: 393 578 000 Headcount 6 employees 2021 revenues: 2,8 M€ Deadline for submitting bids: 14/02/2023
		Carlin International Main features: Activité : Design and visual creation office, publishing-purchasing-selling-operating. Location: Clichy (Hauts-de-Seine) Company registration number: 331 153 221 Headcount 18 employees 2021 revenues: 2,1 M€ Deadline for submitting bids: 14/02/2023
		Rental of machinery and construction equipment Main features: Business: Rental of machinery and construction equipment. Location: Montfermeil (Seine-Saint-Denis) Headcount 6 employees 2021 revenues: 1,7 M€ Deadline for submitting bids: 28/02/2023
		Artelcom Main features: Business: Digital services company, specialized in digital transformation. Location: Créteil (Val de Marne) Company registration number: 381 964 394 Headcount 22 employees 2021 revenues: 1,6 M€ Deadline for submitting bids: 20/02/2023
		File dans ta chambre Main features: Business: Sale of furniture for children and teenagers in e-commerce under the brand “filedanstachambre.com” Location: Lyon (Rhône) Company registration number: 500 975 495 Headcount 6 employees 2021 revenues: 1,5 M€ Deadline for submitting bids: 17/02/2023
		Auvertrans Main features: Business: Transport company specializing in courier services in the city center and delivery in the mountains. Location: Clermont-Ferrand (Puy-de-Dôme) Company registration number: 848 373 668 Headcount 17 employees 2022 revenues: 1,1 M€ Deadline for submitting bids: 10/02/2023
		Hôtel Castel Maintenon Main features: Business: 77 rooms and 120 seats in the restaurant. Location: Maintenon (Eure-et-Loir) Company registration number: 491 019 733 Headcount 32 employees