immeuble Franklin

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).

Les complices SA

Main features:

  • Business: Design and marketing of ready-to-wear Jeanswear and Sportswear lines.
  • Location: Montreuil (Seine-Saint-Denis)
  • Company registration number: 312 161 425
  • Headcount 36 employees
  • 2021 revenues: 13,8 M€ – 2020 revenues: 15,1 M€ – 2019 revenues: 15,9 M€
  • Deadline for submitting bids: 09/01/2023

Casabio (network member Biocoop)

Main features:

  • Business: Sale of organic, food and non-food products and manufacture of bakery and dairy products.
  • Location: Four sites in Grenoble (Isère) and one site in Saint Egrève (Isère)
  • Company registration number: 327 844 544
  • Effectif : 59 CDI et 10 CDD (dont 9 contrats d’apprentissage)
  • 2021 revenues: 9,9 M€
  • Deadline for submitting bids: 10/01/2023

Masonry

Main features:

  • Business: Masonry, carpentry and roofing, structural work, for developers, architects, individuals and institutional clients.
  • Location: Rhône
  • Headcount 43 employees
  • 2021 revenues: 10,5 M€ – 2020 revenues: 8,6 M€ – 2019 revenues: 10,6 M€
  • Deadline for submitting bids: 13/01/2023

Distance selling of supplies

Main features:

  • Business: Distance selling of supplies, consumables and small agricultural equipment.
  • Location: Nord
  • Headcount 21 employees
  • 2022 revenues: 5 M€
  • Deadline for submitting bids: 24/01/2023

Advice and installation of advertising adhesive

Main features:

  • Business: Advice and installation of advertising adhesives (network of 350 installers).
  • Location: Vitry-sur-Seine (Val-de-Marne)
  • Headcount 5 employees
  • 2021 revenues: 2 M€
  • Deadline for submitting bids: 13/01/2023

Antevol & Askadis Sécurité

Main features:

  • Business: Private security activity in hypermarkets.
  • Location: Colmar (Haut-Rhin) – Bouxwiller (Bas-Rhin)
  • Company registration number: Antevol : 752 906 784 – Askadis Sécurité : 808 267 074
  • Headcount 37 employees
  • 2021 revenues Antevol : 1,1 M€ – 2021 revenues Askadis Sécurité : 1,4 M€
  • Deadline for submitting bids: 23/01/2023

Roofing and carpentry work

Main features:

  • Business: Roofing and carpentry work.
  • Location: Haute-Normandie
  • Headcount 16 employees
  • 2022 revenues: 1,9 M€ – 2021 revenues: 1,8 M€
  • Deadline for submitting bids: 12/01/2023

Management and treatment of used food oils

Main features:

  • Business: Manufacture, design and installation of equipment for the management and treatment of used food oils and food biowaste.
  • Location: Indre (Loire-Atlantique)
  • Headcount 11 employees
  • 2021 revenues: 1,1 M€
  • Deadline for submitting bids : 13/01/2023

Local road freight transport

Main features:

  • Business: Local road freight transport.
  • Location: Epinay sur Seine (Seine-Saint-Denis)
  • Headcount 15 employees
  • 2021 revenues: 1 M€
  • Deadline for submitting bids: 13/01/2023