Distressed acquisition opportunities – July 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).

		Frichti Main features: Business: Production and delivery of ready meals (B2B and B2C offers). Delivery of groceries, hygiene products and fresh produce Company registration number: 811 534 809 2022 revenues: 69,9 M€ Headcount 367 employees Deadline for submitting bids: 31/07/2023
		ZP PWK Mecacentre Main features: Business: Manufacture, by cold forging, of parts intended almost exclusively for the automotive industry and more particularly various safety and ground connection parts such as assembled spherical plain bearings, forged spherical plain bearings, welded pins, bolts, housings, bushes and crosspieces. Location: Saint-Etienne (Loire Company registration number: 584 502 637 2022 revenues: 22,4 M€ – 2021 revenues: 27,9 M€ Headcount 188 employees Deadline for submitting bids: 18/09/2023
		Groupe Pourprix – Titan Aviation Main features: Business: World leader in the design, manufacture, marketing and maintenance of refuelling vehicles, including a full range of electric and hybrid vehicles, for civil and military aircraft, with a blue-chip customer base Location: Arnas (Rhône-Alpes) Company registration number: 338 106 842 2022 revenues: 13,9 M€ Headcount 75 employees Deadline for submitting bids: 14/09/2023
		Groupe ELB Main features: Business: Earthworks, drainage and landscaping Location: Brée (Mayenne) Company registration number: 341 803 518 2021 revenues: 8,1 M€ Headcount 36 employees Deadline for submitting bids: 24/08/2023
		Les Pierreux franciliens Main features: Business: Ashlar work, cladding, paving, purchase and sale of marble, manufactured stone and onyx objects, masonry Location: Bondoufle (Essonne) Company registration number: 428 651 186 2022 revenues: 7,6 M€ – 2021 revenues: 7,7 M€ – 2020 revenues: 6,1 M€ Headcount 17 employees Deadline for submitting bids: 11/09/2023
		Supermarket Main features: Business: Supermarket with a focus on food. Prado Shopping Centre Location: Marseille (Bouches-du-Rhône) 2022 revenues: 7,4 M€ – 2021 revenues: 7,6 M€ – 2020 revenues: 7,3 M€ Headcount 42 employees Deadline for submitting bids: 18/08/2023
		Paper reams Main features: Business: Distribution of reams of paper direct from the mill, large-format printing equipment, finishing equipment Location: Gironde 2022 revenues: 2,9 M€ Headcount 6 employees Deadline for submitting bids: 10/08/2023
		Road freight transport Main features: Business: Road freight transport Location: Oise 2022 revenues: 2,8 M€ Headcount 27 employees Deadline for submitting bids: 31/08/2023
		NormEL Main features: Business: Electricity Location: Rouen (Seine-Maritime) Company registration number: 333 100 220 2021 revenues: 2,1 M€ Headcount 21 employees Deadline for submitting bids: 31/07/2023
		Wood trading Main features: Business: Timber trading, sawing into planks and exporting sawn timber internationally Location: Ardennes 20222 revenues: 1,9 M€ – 2021 revenues: 2,9 M€ Headcount 12 employees Deadline for submitting bids: 14/08/2023
		Building work Main features: Business: Building work, construction, building renovations, construction information, roofing, structural studies Location: Val-de-Marne 2021 revenues: 1,9 M€ Headcount 5 employees Deadline for submitting bids: 06/09/2023
		Portage wage Main features: Business: Freelance administration specialising in IT, computing and more generally support functions, carried out in accordance with FIFO regulations. 2022 revenues: 1,8 M€ – 2021 revenues: 1,7 M€ – 2020 revenues: 1,3 M€ Headcount 19 employees Deadline for submitting bids: 08/09/2023
		Uptolight Main features: Business: Company specialising in consultancy and the implementation of intelligent industrial lighting solutions, as well as trading in special lamps. Location: Saint-Denis (Seine-Saint-Denis) Company registration number: 403 224 678 2022 revenues: 1,7 M€ Headcount 6 employees Deadline for submitting bids: 28/09/2023
		Painting Main features: Business: Painting, sandblasting and hydro-rubbing, powder coating and dry ice blasting Location: Loiret 2022 revenues: 1,2 M€ – 2021 revenues: 1,2 M€ Headcount 10 employees Deadline for submitting bids: 09/08/2023
		Renovation work and asbestos Main features: Business: Renovation work and asbestos Location: Arrageois 2022 revenues: 1,6 M€ – 2021 revenues: 4,7 M€ Headcount 18 employees Deadline for submitting bids: 21/08/2023