Distressed acquisition opportunities – June 2021

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).

		Anagram Main features: Business: Business of bulk wine trading (AOP, IGP and Vins de France). Clientele made up of bottlers and supermarket chains, France and international, diversified supply from cooperative and private wineries, 1 modern blending and storage site with approximately 80,000hl of vats, IFS and BRC certified, 2 vinification sites, 5 SCEA totalling 207 Ha of vineyards. Location: Vaucluse Headcount 16 employees Company registration number: 803 105 204 Revenues 2020 : 10,7 M€ – Revenues 2019 : 8,3 M€ Deadline for submitting bids: 30/06/2021
		Together Industry France Main features: Business: Leading aeronautical subcontractor, specialized in the assembly of complex aerostructures and in MRO. Location: Marne Headcount 109 employees Company registration number: 530 866 177 2020 revenues: 8,1 M€ Deadline for submitting bids: 25/06/2021
		Siepel Main features: Business: The only French manufacturer of faraday cages, microwave absorbers and anechoic chambers. Location: La Trinité-sur-Mer (Morbihan) Effectif : 57 salariés RCS : 334 899 333 2020 revenues: 7,8 M€ Deadline for submitting bids: 25/06/2021
		Printing of leaflets and catalogs for large-scale distribution Main features: Business: Printing of leaflets and catalogs for large-scale distribution. Location: Bouches-du-Rhône Headcount 35 employees 2020 revenues: 7,6 M€ Deadline for submitting bids: 05/07/2021
		Injection molding Main features: Business: Specialized in plastic injection, metal work as well as the design and manufacture of moulds and stamping tools; design, assembly and marketing to professionals and wholesalers of access control, IP networks and electronic antennas; trading in electronic equipment for large DIY stores. Location: Aube, Marne and Moselle Headcount 104 employees 2020 revenues: 6,9 M€ Deadline for submitting bids: 21/07/2021
		Holiwatt Main features: Business: Energy storage and conversion solutions (onboard/ground) for the transport sector in France and abroad. Location: Ecully (Rhône-Alpes) Effectif : 46 salariés RCS : 753 292 762 2020 revenues: 6,6 M€ – 2019 revenues: 21,6 M€ Deadline for submitting bids: 28/06/2021
		Repair, renovation and modernization of elevators Main features: Business: Repair, renovation and modernization of elevators. Location: Bonneuil-sur-Marne (94) Headcount 53 employees 2020 revenues: 5,5 M€ – 2019 revenues: 21,9 M€ Deadline for submitting bids: 13/07/2021
		Express freight Main features: Business: Express freight service and operator – Sorting and preparation of fast moving packages for delivery by distribution operators. Location: Région parisienne Effectif : 188 salariés 2020 revenues: 5,3 M€ – 2019 revenues: 6,2 M€ Deadline for submitting bids: 09/07/2021
		Ferme de la vieille abbaye Main features: Business: Breeding of Prim Holstein cows and production and sale of milk (4 million liters / year). Location:Barbery (Calvados) Headcount 188 employees 2020 revenues: 5,3 M€ – 2020 revenues: 6,2 M€ Deadline for submitting bids: 09/07/2021
		4 star hotel establishment – Mallemort Main features: Business: 4 star hotel establishment (100 rooms) with a restaurant (140 seats). Location: Mallemort (Bouches-du-Rhône) Effectif : 28 salariés 2020 revenues: 3,5 M€ Deadline for submitting bids: 28/06/2021
		Manufacturing of high precision mechanical parts Main features: Business: Manufacture of high precision mechanical parts for major industrial names in the aeronautical and automotive sectors. Location: Evry (91) & Busloup (41) RCS : Global Technologies Industries : 840 094 213 – Sotem 3S : 453 000 036 – Deep Grinding Technologies : 843 547 985 Headcount: Global Technologies Industries : 8 employees – Sotem 3S : 8 employees – Deep Grinding Technologies : 9 employees 2020 revenues: Global Technologies Industries : 150 K€ – Sotem 3S : 1,892 M€ – Deep Grinding Technologies : 1,114 M€ Deadline for submitting bids: 01/07/2021
		Maintenance techniques nouvelles Main features: Business: Study, manufacture, installation and maintenance of equipment. Location: Les Essarts-le-Roi (Yvelines) RCS : 325 185 858 Headcount 24 employees 2020 revenues: 2,4 M€ – 2019 revenues: 3,1 M€ Deadline for submitting bids: 28/06/2021
		Commercial property sale cabinet making, joinery, fitting out Main features: ABusiness: Commercial property sale cabinet making, joinery, fitting out. Headcount 24 employees 2020 revenues: 1,99 M€ Deadline for submitting bids: 21/06/21
		Commercial property sale of insulation, plasterboard, plaster, painting, carpentry, layout Main features: Business: Commercial property sale of insulation, plasterboard, plaster, painting, carpentry, layout. Location: Ardennes Headcount 12 employees 2019 revenues: 1,3 M€
		Alliance Routage Main features: Business: Inserting and routing company for printed documents. Location: Seine-et-Marne RCS : 449 267 848 Headcount 21 employees 2020 revenues: 1,28 M€ Deadline for submitting bids: 28/06/2021
		C2IM – VAM Main features: Business: Specialized in the manufacture of scallop fishing equipment, in naval forging and in metalwork. Location: Port en Bessin Huppain (Calvados) RCS : 432 622 116 Headcount 10 employees 2020 revenues C2IM : 1,192 M€ – 2020 revenues VAM : 195 K€ Deadline for submitting bids: 09/07/2021
		ASP 83 Main features: Business: Personal assistance and home help services. RCS : 491 440 822 Location: Toulon (Var) Headcount 61 employees 2020 revenues: 1 M€ Deadline for submitting bids: 28/06/2021
		BBA Reman Main features: Business: Computer repair, electronics, reconditioning of automotive parts and spares, automotive diagnostic equipment and all related operations. RCS : 508 151 388 Location: Marseille (Bouches-du-Rhône) Headcount 8 employees 2017 revenues: 970 K€ Deadline for submitting bids: 30/06/2021
		David Pallas Main features: Business: Manufacture, import, operation, purchase and sale, wholesale and retail, of ready-to-wear clothing for men, women and children. RCS : 311 110 886 Location: Paris Headcount 5 employees 2020 revenues: 798 K€ Deadline for submitting bids: 11/06/2021
		Sale of bedding and furnishings Main features: Business: Sale of bedding and furnishings. Location: Paris area Headcount 3 employees 2020 revenues: 779 K€ Deadline for submitting bids: 25/06/2021
		Buffalo Grill – Sallanches Main features: Business: Buffalo Grill Restaurant. RCS : 802 220 301 Location: Sallanches (Haute-Savoie) Headcount 8 employees 2019 revenues: 715 K€ – 2018 revenues: 1,05 M€ Deadline for submitting bids: 08/07/2021
		3 star hotel establishment – Orange Main features: Business: 3* hotel establishment (58 rooms) with restaurant (90 seats). Location: Orange (Vaucluse) Headcount 9 employees 2020 revenues: 549 K€ – 2019 revenues: 1,25 M€ Deadline for submitting bids: 28/06/2021
		Start-up BtoB Main features: Business: Start-up having developed and operating a web application for booking B-to-B freight services. Location: Provence-Alpes-Côte d’Azur Headcount 2 employees 2020 revenues: 410 K€ – 2019 revenues (18 months) : 461 K€ DLDO : 07/06/2021
		Digital Avatarization Main features: Business: Mass digital avatarization of person or object – B2B/C2C commercial applications in the retail, sport & fitness, gaming and medical sectors – Full development of software (avatarization software) and hardware (high definition and basic booth). Headcount 6 employees 2019 revenues: 404 K€ Deadline for submitting bids: 02/07/2021
		Beauty Success – Châtillon Main features: Business: Sale of perfumery, beauty and care products. Headcount 2 employees Location: Châtillon (Hauts-de-Seine) 2020 revenues: 236 K€ – 2019 revenues: 307 K€ DLDO : 07/07/2021
		Development and marketing of connected sensors Main features: Business: Development and marketing of connected sensors allowing, in particular, the precise measurement of fuel levels in the tanks of agricultural, construction or transport vehicles. Location: Loiret Headcount 7 employees 2020 revenues: 10,1 K€ Deadline for submitting bids: 02/07/2021
		Expert studio in the development of innovative digital solutions Main features: Business: Studio expert in the development of innovative digital solutions (virtual and augmented reality and web applications). Location: Paris Headcount 5 employees 2020 revenues: 31,4 K€ – 2019 revenues: 304 K€ – 2018 revenues: 208 K€ Deadline for submitting bids: 30/06/2021