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).

		Stock J Boutique Jennyfer Main features: Business: Design of women’s ready-to-wear collections under the “Don’t call me Jennyfer” banner, purchase of merchandise and marketing of items through the various distribution networks (262 shops) 2022 revenues: 226 M€ Headcount 1282 employees Deadline for submitting bids: 25/09/2023
		Guarding – Security Main features: Business: Company specialising in guarding, fire safety, intervention and the installation of alarm and remote surveillance systems 2022 revenues: 60,4 M€ – 2021 revenues: 67,9 M€ Headcount 1 460 employees on permanent contracts and 89 employees on fixed-term contracts Deadline for submitting bids: 15/09/2023
		Burton of London Main features: Business: Distribution of men’s and women’s ready-to-wear clothing through a network of 66 shops Location: Ile-de-France 2022 revenues: 49,8 M€ – 2021 revenues: 50,8 M€ Headcount 198 employees (2023) – Headcount 525 employees (2022) Deadline for submitting bids: 15/09/2023
		Ar.Val Main features: Business: Design and construction of household and industrial waste treatment centres Location: Saint-Avé (Morbihan) 2023 revenues: 19 M€ Headcount 63 employees Deadline for submitting bids: 28/07/2023
		Meat product processing workshop Main features: Business: Workshop for processing meat products (chipolatas, merguez, etc.), making ready-cooked meals (cassoulets, etc.) and a central cold-link kitchen, in particular for the catering industry Location : Production plant located 50km from Toulouse (Haute-Garonne) 2023 revenues (6 months) : 3,6 M€ – 2022 revenues: 9,3 M€ – 2021 revenues: 6,9 M€ Headcount 61 employees Deadline for submitting bids: 28/08/2023
		Company specialising in valet parking Main features: Business: Company specialising in valet parking (stations and airports) 2022 revenues: about 6 M€ Headcount 79 employees Deadline for submitting bids: 31/07/2023
		Energy-related technical equipment Main features: Business: Sale, installation and repair of technical equipment relating to energy, plumbing, heating, renewable energies and HVAC. Location: Gémenos (Bouches-du-Rhône) 2022 revenues: 5,6 M€ Headcount 33 employees Deadline for submitting bids: 31/07/2023
		Chartron Finition Bâtiment Main features: Business: Plasterwork, painting, suspended ceilings, insulation, fire protection, restoration work Location: Clermont-Ferrand (Puy-de-Dôme) Company registration number: 327 878 674 2022 revenues: 3,1 M€ – 2021 revenues: 4 M€ – 2020 revenues: 2,8 M€ Headcount 36 employees Deadline for submitting bids: 21/08/2023
		Etablissements Gard Main features: Business: Manufacturer of agricultural machinery (design and production of soil-working tools specifically for winegrowing, from forging to machining) Location: Potelières (Gard) Company registration number: 390 853 356 2022 revenues: 2,9 M€ Headcount 20 employees Deadline for submitting bids: 18/07/2023
		Communications agency Main features: Business: Communications agency – Specialising in branding, acquisition, UX_UI and customer loyalty, in-house media centre 2022 revenues: 2,7 M€ – 2021 revenues: 3,5 M€ Headcount 11 employees Deadline for submitting bids: 28/07/2023
		Brasserie du théâtre Main features: Business: Restaurant, bar, brasserie Location: Le Petit-Quevilly (Seine-Maritime) Company registration number: 440 521 706 2023 revenues: 2,4 M€ – 2022 revenues: 1,7 M€ Headcount 48 employees Deadline for submitting bids: 16/08/2023
		Jean Vilanne Traiteur Main features: Business: Catering business, manufacture of food and agri-food products, ready meals, pastries. Preparation of takeaway meals. Location: Le Petit-Quevilly (Seine-Maritime) Company registration number: 349 358 531 2021/2022 revenues: 1,7 M€ Headcount 13 employees Deadline for submitting bids: 21/08/2023
		Trading in green spaces Main features: Business: Agriculture and related products – Horticulture – Nursery – Aquaculture Location: Marseille (Bouches-du-Rhône) Company registration number: 349 358 531 CA 2022 : 1,2 M€ – CA 2021 : 1,2 M€ – CA 2020 : 1,1 M€ Headcount 2 employees Deadline for submitting bids: 19/07/2023
		Pharmacy Main features: Business: Pharmacy Location: Valence (Drôme) 2022 revenues: 1,2 M€ Headcount 4 employees Deadline for submitting bids: 06/09/2023
		Fast food Main features: Business: Manufacture and sale of burgers – Fast food – Contract manufacturing for 4 virtual brands Location: Bassins à flot – Bordeaux (Gironde) 2022 revenues: 941 K€ – 2021 revenues: 985 K€ Headcount 9 employees Deadline for submitting bids: 25/07/2023
		Tibe Main features: Business: Insulation work, steel tanks, waterproofing Location: Rhône Company registration number: 432 286 714 2022 revenues: 845 K€ – 2021 revenues: 878 K€ – 2020 revenues: 705K€ Headcount 7 employees Deadline for submitting bids: 10/08/2023