immeuble Franklin

Distressed acquisition opportunities – January 2024

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).

Group specialising in property investment, renovation, furnishings and rental management

Main features:

  • Business: Group specialising in property investment, renovation, furnishings and rental management
  • Location: Rhône
  • 2022 revenues: 20 M€
  • Headcount 116 employees
  • Deadline for submitting bids: 25/01/2024

Industrial complex dedicated to events

Main features:

  • Business: Industrial complex dedicated to events (decor and signage for commercial buildings, plastic joinery, large-format printing)
  • Location: Seine-Saint-Denis
  • Headcount 93 employees
  • 2022 revenues: 11,7 M€
  • Deadline for submitting bids: 05/02/2024

Buying and selling fish

Main features:

  • Business: Buying and selling fish
  • 2023 revenues: 5,7 M€ – 2022 revenues: 5 M€ – 2021 revenues: 5,4 M€
  • Headcount 33 employees
  • Deadline for submitting bids: 18/02/2024

Processing, retail and wholesale of seafood products

Main features:

  • Business: Processing, retail and wholesale of seafood products
  • Location: Bréville-sur-Mer (Manche)
  • 2023 revenues (6 months): 2,5 M€ – 2022 revenues: 5,8 M€
  • Headcount 22 employees
  • Deadline for submitting bids: 01/03/2024

Quincaillerie Boissonnade

Main features:

  • Business: Industrial hardware
  • Location: Wissous (Essonne)
  • Company registration number: 965 200 538
  • 2022 revenues: 5,4 M€
  • Headcount 15 employees
  • Deadline for submitting bids: 15/02/2024

Road freight transport

Main features:

  • Business: Road freight transport
  • Location: Saint Quentin
  • 2022 revenues: 4,6 M€ – 2021 revenues: 5 M€
  • Headcount 32 employees
  • Deadline for submitting bids: 01/03/2024

Vallon Faure

Main features:

  • Business: Wood and pvc joinery, interior fittings
  • Location: Bourg-de-Péage (Drôme)
  • Company registration number: 348 379 736
  • Headcount 18 employees
  • 2022 revenues: 4,6 M€
  • Deadline for submitting bids: 31/01/2024

Stage equipment

Main features:

  • Business: Company specialising in the manufacture, sale and supply of stage equipment
  • Location: Strasbourg area
  • Headcount 23 employees
  • 2022 revenues: 4,5 M€
  • Deadline for submitting bids: 05/02/2024

Hydrovideo

Main features:

  • Business: Designer and manufacturer of televised pipe inspection equipment – French market leader
  • Location: Durtal (Maine-et-Loire)
  • Company registration number: 342 983 566
  • Headcount 33 employees
  • 2022 revenues: 4 M€ – 2021 revenues: 4,5 M € – 2020 revenues: 3,9 M €
  • Deadline for submitting bids: 15/02/2024

Recruitment assignments – Interim management

Main features:

  • Business: Recruitment, interim management and assessment assignments
  • Location: Lyon et Paris
  • Headcount 9 employees
  • 2022 revenues: 3,9 M€ – 2021 revenues: 2,7 M€ – 2020 revenues: 1,7 M€
  • Deadline for submitting bids: 23/02/2024
opérateur immobilier reprise

Commercial, industrial and residential premises

Main features:

  • Business: Buying, selling and fitting out commercial, industrial and residential premises
  • Location: Ile-de-France
  • Headcount 6 employees in each company
  • 2022 revenues: Company 1: 3,8 M€ – Company 2: 542 K€
  • Deadline for submitting bids: 09/02/2024

Interior and exterior joinery work

Main features:

  • Business: Interior and exterior joinery work
  • Location: Coise-Saint-Jean-Pied-Gauthier (Savoie)
  • Headcount 19 employees
  • 2023 revenues: 3,5 M€ – 2021 revenues: 2,5 M€ – 2020 revenues: 1,9 M€
  • Deadline for submitting bids: 01/02/2024

Courier transport

Main features:

  • Business: Courier transport
  • Location: Bas-Rhin and Meurthe-et-Moselle
  • Headcount 37 employees
  • 2022 revenues: 3,1 M€
  • Deadline for submitting bids: 14/03/2024

Christmas tree trading

Main features:

  • Business: Christmas tree trading in France and abroad
  • Location: Saint-Thibaud-de-Couz (Savoie)
  • Headcount 0 employee
  • 2022 revenues: 2,7 M€ – 2021 revenues: 3,3 M€ – 2020 reveues: 3,3 M€
  • Deadline for submitting bids: 01/03/2024