Distressed acquisition opportunities – June 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).

		Aim Antrain Main features: Business: Diligente operates a meat cutting and processing business. It has extensive refrigeration and logistics facilities Location: Val-Couesnon (Ille-et-Vilaine) Company registration number: 810 914 754 2024 revenues (forecast): 36 M€ Headcount 60 employees Deadline for submitting bids: 26/06/2024
		Anderton Castings Main features: Business: Manufacture of aluminum parts for the automotive industry using various processes: gravity casting; low-pressure die-casting; drilling; machining on 4 or 5-axis machines; assembly of components such as pressed spherical plain bearings, integrated spherical plain bearings, metal inserts, silent blocks Location: Andrézieux-Bouthéon (Loire) Company registration number: 811 891 670 2023 revenues: 24,9 M€ – 2022 revenues: 9,4 M€ Headcount 90 employees Deadline for submitting bids: 01/07/2024
		Production d’aliments pour animaux de compagnie Main features: Activité : Centre dentaire et centre de santé à Paris et en région parisienne Implantation géographique : Montreuil (Seine-Saint-Denis ) Cergy (Val-D’oise), Paris, Créteil (Val de-Marne), Evry (Essonne), Mantes-la-Jolie (Yvelines), Melun ,Torcy (Seine-et-Marne), Roissy (Val-D’oise) CA 2023 : 18,1 M€ – CA 2022 : 19,9 M€ – CA 2021 : 20,7 M€ – CA 2020 : 18,6 M€ Effectif : 287 salariés (dont 25 au titre des fonctions support) DLDO : 28/06/2024
		Dental center Main features: Business: Dental center and health center in Paris and surrounding area Location: Montreuil (Seine-Saint-Denis ) Cergy (Val-D’oise), Paris, Créteil (Val de-Marne), Evry (Essonne), Mantes-la-Jolie (Yvelines), Melun ,Torcy (Seine-et-Marne), Roissy (Val-D’oise) 2023 revenues: 18,1 M€ – 2022 revenues: 19,9 M€ – 2021 revenues: 20,7 M€ – 2020 revenues: 18,6 M€ Headcount 287employees (including 25 for support functions) Deadline for submitting bids: 28/06/2024
		Demolin Main features: Business: Trade and maintenance of engines, hydraulic, pneumatic, handling and cleaning equipment, as well as general mechanics and industrial maintenance Location: Headquarters: Sotteville-Lès-Rouen, Le Havre (Seine-Maritime) 5 branches: Bourguébus (Calvados), Evreux (Eure), Conflans-Sainte-Honorine (Yvelines) Company registration number: 811 891 670 2023 revenues: 19,3 M€ Headcount 65 employees Deadline for submitting bids: 27/06/2024
		Temahome Main features: Business: Design, production and marketing of furniture. (B to B, B to C) Location: Headquarters Annecy (Haute-Savoie), production plant (Portugal) Company registration number: 326 220 035 2023 revenues: 10 M€ – 2022 revenues: 14,5 M€ – 2021 revenues: 20,1 M€ – 2020 revenues: 17,5 M€ Headcount 7 employees (Annecy), 130 (Portugal) Deadline for submitting bids: 28/06/2024
		Sales of luxury shoes Main features: Business: Sales of luxury shoes and leather goods through boutiques (Champs Elysées and rue Saint Honoré shopping malls), Paris-province corners (Galerie Lafayette), online sales platforms and a website Location: Paris 2022 revenues: 9,8 M€ – 2021 revenues: 16,8 M€ – 2020 revenues: 17,3 M€ Headcount 23 employees Deadline for submitting bids: 10/06/2024
		Grocery Main features: Business: Company specializing in the supply of kosher products to supermarkets, grocery stores and caterers, particularly under private labels Location: Neuilly-Sur-Marne (Seine-St-Denis) 2023 revenues: 13,1 M€ Headcount 21 employees Deadline for submitting bids: 24/06/2024
		E-commerce website Main features: Business: Omnichannel network, based on 5 stores and an e-commerce site Location: Lyon (Rhône), Paris, Bordeaux (Gironde), Lille (Nord), Aix-en-Provence (Bouches-du-Rhône) 2022 revenues: 12,2 M€ Headcount 31 employees Deadline for submitting bids: 21/06/2024
		ACE Main features: Business: Road freight transport Location: Bayonne (Pyrénées-Atlantiques) Company registration number: 789 186 863 2023 revenues: (exercice clos): 11,5 M€ Headcount 31 employees Deadline for submitting bids: 28/06/2024
		Electrical installation Main features: Business: Electrical installation Location: Sotteville-Lès-Rouen (Seine-Maritime) 2023 revenues: 9,1 M€ – 2022 revenues: 8,3 M€ Headcount 112 employees Deadline for submitting bids: 24/06/2024
		Devisubox Main features: Business: As the leader in Timelapse & Smart Monotoring in the transition from real estate to industry, Devisubox is marketing a brand-new, innovative solution for automating worksite monitoring: accident risk prevention, traceability of unloading, intrusion detection, task analysis, decision-making support Company registration number: 492 774 690 Location: Marseille (Bouches-du-Rhône) 2023 revenues: 6 M€ Headcount 73 employees Deadline for submitting bids: 28/06/2024
		Boucherie shop rive droite Main features: Business: Butcher, delicatessen and caterer Location: Bordeaux (Gironde) Company registration number: 818 919 615 Revenues: 6,4 M€ Headcount 15 employees Deadline for submitting bids: 07/06/2024
05		Masonry work Main features: Business: Masonry and building shell work Location: Midi-Pyrénées 2022 revenues: 4,6 M€ Headcount 37 employees Deadline for submitting bids: 24/07/2024
		Restaurant Main features: Business: Brasserie – Restaurant: retail sale of oysters and shellfish Location: Nice (Alpes-Maritimes) 2023 revenues: 5,1 M€ – 2022 revenues: 4,4 M€ – 2021 revenues: 1,6 M€ Headcount 39 (including 2 fixed-term contracts) Deadline for submitting bids: 26/06/2024