News
20.06.2024Arnaud Pédron, Laura Bavoux, Numa Rengot

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, Laura Bavoux 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).

Parcel delivery

Main features:

  • Business: Parcel delivery
  • Location: Aix-en-Provence (Bouches-du-Rhône
  • 2023 revenues: 43,3 M€
  • Headcount 775 employees (646 on permanent contracts and 129 on fixed-term contracts)
  • Deadline for submitting bids: 27/06/2024

Aquitaine Habitat

Main features:

  • Business: Single-family home builder
  • Location: Gironde
  • Company registration number: 491 330 049
  • 2023 revenues (18 months): 16,9 M€
  • Headcount 8 employees
  • Deadline for submitting bids: 05/04/2024

Farm equipment sales

Main features:

  • Business: Farm equipment sales
  • Location: Finistère
  • 2023 revenues: 11 M€
  • Headcount 32 employees at two sites

Manufacture of acoustic cabins

Main features:

  • Business: Manufacture and distribution of acoustic cabins for businesses and local authorities to fit out their premises.
  • 2023 revenues: 8 M€
  • Headcount 22 employees
  • Deadline for submitting bids: 01/07/2024

Production of charcuterie products

Main features:

  • Business: Manufacture, wholesale and retail of cured meats and pastry products
  • Location: Indre
  • 2022 revenues: 2,14 M€ – 2021 revenues: 2,34 M€
  • Headcount 14 employees

Groupe HSK

Main features:

  • Business: Group specialized in processing, managing, enriching and making available data for prospecting and building loyalty among companies and individuals, particularly those with very high incomes (Kaviar database). Marketed under the SOS Fichiers and Safig Dat banners.
  • Location: Clichy (Hauts-de-Seine)
  • Company registration number: 507 542 777
  • 2023 revenues H-Consultant: 1,8 M€ – 2023 HSK MD: 1,7 M€
  • Headcount 14 employees (7 in each structure)
  • Deadline for submitting bids: 05/07/2024

Les petits bidons

Main features:

  • Business: Marketing of natural eco-friendly detergents and other household products made in France
  • Location: Paris
  • Company registration number: 838 579 043
  • 2023 revenues: 1,5 M€ – 2022 revenues: 1,8 M€
  • Headcount 2 employees on permanent contracts + 1 apprenticeship contract
  • Deadline for submitting bids: 03/07/2024

Pilot training school

Main features:

  • Business: School for training and maintaining the skills of professional and private pilots
  • Location: Rhône
  • 2023 revenues: 769 K€
  • Headcount 6 employees
  • Deadline for submitting bids: 12/07/2024

Lambert

Main features:

  • Business: Sale of motorcycle equipment, metalwork, locksmithing and maintenance and repair of mechanical equipment
  • Location: Bessé-sur-Braye (Sarthe)
  • Company registration number: 400 453 189
  • 2023 revenues: 678 K€
  • Headcount 7 employees
  • Deadline for submitting bids: 28/06/2024

Landry

Main features:

  • Business: Retail laundries and drycleaners
  • Location: Hérault
  • 2022 revenues: 554 K€
  • Headcount 10 employees
  • Deadline for submitting bids: 28/06/2024

Domaine des Roches

Main features:

  • Business: Collective hostel with accommodation (78 beds), catering (70 covers), community café, room hire.
  • Location: Dieppe (Seine-Maritime)
  • Company registration number: 849 388 772
  • 2023 revenues: 366 K€
  • Headcount 12 employees
  • Deadline for submitting bids: 22/07/2024

Diam concept

Main features:

  • Business: Production of laboratory diamonds in CVD-Plasma reactors / Winner of the “Plan France 2030” award
  • Company registration number: 820 102 721
  • 2023 revenues: 134 K€ – 2022 revenues: 194 K€
  • Headcount  8 employees on permanent contracts
  • Deadline for submitting bids: 08/07/2024

Pier Augé

Principales caractéristiques :

  • Business: Cosmetic products marketed under the PIER AUGE brand
  • Location: Indre
  • Company registration number: 816 720 312
  • Deadline for submitting bids: 19/07/2024