Distressed acquisition opportunities – June 2022

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).

		BCI Group Main features: Business: Global player in energy renovation. 3 poles: insulation, energy and renovation – Supply and installation of thermal and acoustic insulation, PVC or aluminum joinery, heating systems, facade renovation and roofing renovation. Location: Beynost (Ain) Company registration number: BCI : 540 083 151 – BCI Renov : 821 032 562 – BCI Services : 894 624 774 – BCI Energie : 514 714 120 – Chauffage MB : 885 215 053 – BAI : 848 557 641 Headcount 41 employees 2020 revenues: 19,4 M€ Deadline for submitting bids: 05/07/2022
		Transport– Logistics – Urban distribution Main features: Business: Leader in the field of transport, logistics and urban distribution. Headcount 130 employees 2019 revenues: 18,2 M€ – 2020 revenues: 14,7 M€ – 2021 revenues: 14,1 M€ Deadline for submitting bids: 13/07/2022
		General construction company Main features: Business: General building company specialized in the rehabilitation of buildings and maintenance work (structural work and finishing work). Location: Montrouge (Hauts-de-Seine) Headcount: Holding : 6 salariés – Filiale : 54 salariés 2021 revenues 18 months (holding) : 316 K€ – 2019 revenues (holding) : 356 K€ – 2018 revenues (holding) : 386,7 K€ 2021 revenues 18 months (subsidiary) : 7,25 M€ – 2019 revenues (subsidiary) : 9,88 M€ – 2018 revenues (subsidiary) : 9,47 M€ Deadline for submitting bids: 15/06/2022
		My Jolie Candle Main features: Business: Online and in-store sales of scented candles with jewelry. Location: Stores in Paris, Nantes, Toulouse; Bordeaux, Lille, Lyon, Annecy Company registration number: 798 097 598 Headcount 33 employees 2021 revenues: 6,4 M€ Deadline for submitting bids: 24/06/2022
		Lorentz Group Main features: Business: Machining and precision mechanics, manufacturing of molds and prototypes. Location: Seine-et-Marne Company registration number: 394 808 828 Headcount 74 employees 2021 revenues: 5,9 M€ Deadline for submitting bids: 24/06/2022
		Arcalia Main features: Business: Manufacture, supply, installation of joinery or works in aluminium or metal. Location: Les Sorinières (Loire-Atlantique) Company registration number: 801 936 303 Headcount 21 employees 2021 revenues: 4,5 M€ Deadline for submitting bids: 24/06/2022
		Darco Main features: Business: Design and manufacture of floating ball valves and shafts for the transfer of industrial fluids, intended for demanding applications such as the oil and gas industry, chemicals, parachemistry. Location: Morlaas (Pyrénées-Atlantiques) Company registration number: 401 524 400 Headcount 38 employees 2019 revenues: 4,1 M€ – 2020 revenues: 4,2 M€ – 2021 revenues: 2,2 M€ Deadline for submitting bids: 29/06/2022
		Bio Goujard Main features: Business: Environmental and industrial analysis laboratory in the field of microbiology, physical chemistry and materials analysis. Location: Paris Company registration number: 343 588 091 Headcount 24 employees 2021 revenues: 2,24 M€ Deadline for submitting bids: 30/06/2022
		Ayonis Main features: Business: Design and production of dimensional metrology equipment. Location: Louviers (Eure) Company registration number: 509 823 746 Headcount 20 employees 2021 revenues: 1,6 M€ Deadline for submitting bids: 20/06/2022
		Center TEDyBEAR Main features: Business: Childcare of autistic children with a view to their reintegration into the school system (capacity: 60 children full time). Location: Saint-Cloud et Paris Company registration number: 752 760 579 Headcount 17 employees Revenues: around 1 M€ Deadline for submitting bids: 27/06/2022
		Italie : Fabrication de robinets et vannes de grande taille Main features: Business: An in bonis company wishes to sell its gate, globe and check isolation valves and ball valve manufacturing business – Recognized know-how in machining, welding, assembling, testing, materials management, mechanical engineering, electrical maintenance, QSE, laboratory, warehousing… Location: Milano area Headcount 80 employees Possibility of financial grants at the national or regional level under certain conditions