immeuble Franklin

Distressed acquisition opportunities – May 2023

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).

 

Aciéries de Ploërmel

Main features:

  • Business: Road transport of goods, logistics, storage, subcontracting, chartering, groupage activity.
  • Location: Roanne area
  • 2022 revenues: 7,6 M€
  • Headcount 76 employees
  • Deadline for submitting bids: 12/06/2023

Road transport

Main features:

  • Business: Road transport of goods, logistics, storage, subcontracting, chartering, groupage activity.
  • Location: Roanne area
  • 2022 revenues: 7,6 M€
  • Headcount 76 employees
  • Deadline for submitting bids: 12/06/2023

Earthworks – Public works

Main features:

  • Business: Earthworks, public works, public works equipment rental.
  • Location: Ardèche
  • 2023 revenues: 5,6 M€
  • Headcount 27 employees
  • Deadline for submitting bids: 12/06/2023

Earthworks – Public works

Main features:

  • Business: Earthmoving and public works company with development of roads, platforms (wind market) and vineyard developments.
  • Location: Aube
  • 2022 revenues: 4,7 M€
  • Headcount 21 employees
  • Deadline for submitting bids: 14/06/2023

France Langue

Main features:

  • Business: Teaching French as a foreign language.
  • Location: Biarritz, Bordeaux, Lyon and Nice
  • Company registration number: 391 576 592
  • 2022 revenues: 3 M€
  • Headcount 43 employees
  • Deadline for submitting bids: 15/06/2023

General building company

Main features:

  • Business: General building company: all works and building and public works, construction and renovation works, property dealer.
  • Location: Limeil-Brévannes (Val-de-Marne)
  • 2022 revenues: 2,8 M€
  • Headcount 21 employees
  • Deadline for submitting bids: 26/06/2023

Bio-waste treatment

Main features:

  • Business: Development of bio-waste treatment solutions.
  • Location: Landes
  • 2022 revenues: 2,6 M€
  • Deadline for submitting bids: 26/06/2023

EkiHo

Main features:

  • Business: EkiHo Construction : Construction of passive houses – EkiHo SAS : promotion and management of passive houses
  • Location: Hauts-de-France
  • Company registration number: 349 178 566
  • Revenues: EkiHo Construction : 1,7 M€ – EkiHo SAS : 305 K€
  • Headcount 18 employees
  • Deadline for submitting bids: 25/05/2023