News
14.03.2024Arnaud Pédron, Numa Rengot

Distressed acquisition opportunities – March 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).

Manufacture des lumières

Main features:

  • Business: Design and manufacture of functional indoor lighting. (retail, service sector, mobile phones)
  • Location: Saint-Georges-de-Mons (Puy de Dôme)
  • Company registration number: 892 462 987
  • 2023 revenues: 14,6 M€ – 2022 revenues: 13,4 M€ – 2021 revenues: 12,3 M€
  • Headcount 104 employees
  • Deadline for submitting bids: 02/04/2024

Impériales Wheels

Main features:

  • Business: Design, manufacture, forging and sale of aluminium alloy wheels, all ferrous and/or non-ferrous equipment, forged and/or unforged
  • Location: Belleville (Rhône-Alpes)
  • Company registration number: 909 784 423
  • 2022 revenues: 14 M€
  • Headcount 181 employees
  • Deadline for submitting bids: 29/03/2024

Import of food products

Main features:

  • Business: A long-standing EU player in the import of food products from the USA and Asia
  • 2023 revenues: 13 M€ – 2022 revenues: 6,4 M€
  • Headcount 24 employees
  • Deadline for submitting bids: 22/03/2024

Car-body repair for industrial vehicles

Main features:

  • Business: Car-body repair for industrial vehicles
  • Location: Vienne
  • 2022 revenues: 9,2 M€ – 2021 revenues: 9,6 M€ – 2020 revenues: 8,3 M€
  • Headcount 64 employees
  • Deadline for submitting bids: 05/04/2024

Armor Meca Développement

Main features:

  • Business: Machining of complex aluminium and hard metal parts for the aerospace, defence and energy sectors
  • Location: Pleslin-Trigavou (Côtes d’Armor)
  • Company registration number: 882 604 572
  • 2022 revenues: 9,1 M€
  • Headcount 110 employees
  • Deadline for submitting bids: 22/03/2024

Communications consultancy

Main features:

  • Business: Commercial communications consultancy. Expertise in production and operations linked to advertising publishing for national retail players
  • Location: Great East of France
  • 2022 revenues: 8,1 M€
  • Headcount 31 employees
  • Deadline for submitting bids: 29/03/2024

Laying tiles and floor and wall coverings

Main features:

  • Business: Laying tiles and floor and wall coverings, mainly for national property developers
  • Location: Gard  Bouches-du-Rhône and Alpes-Maritimes
  • 2023 revenues: 7,6 M€ – 2022 revenues: 8,8 M€ – 2021 revenues: 9,4 M€
  • Headcount 28 employees
  • Deadline for submitting bids: 15/04/2024
transport routier

Road haulage

Main features:

  • Business: Public road haulage of goods over 3.5 tonnes
  • Location: France entière
  • 2022 revenues: 7,3 M€
  • Headcount 45 employees
  • Deadline for submitting bids: 29/03/2024

Regiprocess – Advisko – Advantis – STPM

Main features:

  • Business:
    Advantis: Holding company
    Regiprocess: Boilermaking, pipework, thermal insulation and scaffolding
    Advisko: Boilermaking and pipework
    STPM: Piping, thermal insulation and scaffolding.
  • Company registration number:  Regiprocess : 412 801 789 – Advisko : 904 782 307
  • 2022 revenues: Advantis : 344 K€ – Regiprocess : 6,6 M€ – Advisko : 340 K€ – STPM : 917 K€ – 2021 revenues: Advantis : 130 K€ – Regiprocess : 4,2 M€ – Advisko : NC – STMP : 375 K€
  • Headcount 10 employees: Advantis : 1 salarié – Regiprocess: 28 salariés – Advisko : 1 salarié – STPM : 0 salarié
  • Deadline for submitting bids: 02/04/2024

Manufacture of agricultural trailers

Principales caractéristiques :

  • Business: Manufacture of agricultural trailers
  • Location: Piré-sur-Seiche (Ille et Vilaine)
  • 2023 revenues: 2,6 M€ – CA 2022 : 3,8 M€
  • Headcount 23 employees
  • Deadline for submitting bids: 05/04/2024

Logistics site for publishing companies

Main features:

  • Business: Logistics site for publishing companies
  • Location: Lens (Pas-de-Calais)
  • 2023 revenues : 2,6 M€
  • Headcount 36 employees
  • Deadline for submitting bids: 15/04/2024

Cleaning and maintenance

Main features:

  • Business: Cleaning and maintenance of buildings, offices and all industrial and commercial premises, various rehabilitation works
  • Location: Nîmes (Gard)
  • Company registration number: 820 311 124
  • 2023 revenues: 2,2 M€
  • Headcount 39 employees
  • Deadline for submitting bids: 05/04/2024

Rezolia Grand Ouest

Main features:

  • Business : General masonry work and building shells in all trades. Dealing with the causes and consequences of damage caused by water damage, as well as other types of damage.
  • Location: Brest (Finistère), Rennes (Ille-et-Vilaine), Nantes (Loire-Atlantique) and Rhuys/Auray (Morbihan)
  • Company registration number: 820 037 596
  • 2022 revenues: 2,1 M€
  • Headcount 21 employees
  • Deadline for submitting bids: 20/03/2024
boulangerie reprise

Bakery laboratory

Main features:

  • Business: Bakery laboratory
  • Location: Romainville (Seine-Saint-Denis)
  • Headcount 16 employees
  • 2022 revenues: 1,4 M€
  • Deadline for submitting bids: 05/04/2024

Nexalia

Main features:

  • Business: Holding company for a property development group. Numerous SCCVs
  • Location: Poitiers (Vienne)
  • Company registration number: 421 876 137
  • Headcount 6 employees
  • 2022 revenues: 1,3 M€
  • Deadline for submitting bids: 15/03/2024