Distressed acquisition opportunities – November 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).

		Ducatillon Main features: Business: Mail order sales of small livestock equipment, hunting equipment, outdoor products and specialist bookshops. Loction: Villeneuve d’Asqc (Nord) Company registration number: 414 698 134 Headcount 66 employees 2022 revenues: 21 M€ – 2021 revenues: 28 M€ Deadline for submitting bids: 20/12/2023
		Cityscoot Main features: Business: Short-term hire of shared electric scooters – authorisation to operate 2,500 scooters in Paris. Location: Offices in Paris and warehouses in Saint-Ouen, Aubervilliers and Arcueil. Company registration number: 800 862 021 Headcount 162 employees 2022 revenues: 15,5 M€ Deadline for submitting bids: 08/01/2024
		Maisons LCA Bordeaux Main features: Business: Construction of individual houses. Location: Le Bouscat (Gironde) Company registration number: 444 194 724 Headcount 5 employees 2022 revenues: 13 M€ – 2021 revenues: 14 M€ Deadline for submitting bids: 08/12/2023
		Public works Main features: Business: Public works, masonry, lifting, handling, quarrying – public and private contracts. Location: Côte d’Or 2022 revenues: 5,9 M€ – 2021 revenues: 5,8 M€ – 2020 revenues: 3,5 M€ Headcount 33 employees Deadline for submitting bids: 12/12/2023
		Intercity road freight transport Main features: Business: Intercity road freight transport. Location: Kilstett (Bas-Rhin) Headcount 46 employees 2022 revenues: 5,6 M€ Deadline for submitting bids: 01/02/2024
		Imagreen Main features: Business: Advice on the ecological, energy and social transition. Location: Head office in Lille, branches in Lille, Aix-en-Provence, Paris, Nantes and Montpellier. Company registration number: 522 761 139 2022 revenues: 4,8 M€ Headcount 88 employees Deadline for submitting bids: 05/01/2024
		Machining aeronautical parts Main features: Business: Machining aeronautical parts. Location: Ile-de-France et Grand-Est 2022 revenues: 4,5 M€ Headcount 42 employees Deadline for submitting bids: 05/12/2023
		Industrial joinery for furniture fittings Main features: Business: Industrial joinery for furniture fittings. Location: La Charité sur Loire (Nièvre) 2022 revenues: 4 M€ – 2021 revenues: 3,6 M€ – 2020 revenues: 4,9 M€ Headcount 43 employees Deadline for submitting bids: 15/12/2023
		Solutions for anti-slip products and floor accessibility Main features: Business: Solutions for anti-slip products and floor accessibility. Location: Chalonnes-sur-Loire (Maine-et-Loire) 2022 revenues: 4 M€ – 2021 revenues: 4 M€ Headcount 22 employees Deadline for submitting bids: 20/12/2023
		R Cube Nord – Brand: Jean Bouteille Main features: Activité : Design and manufacture of equipment for the distribution of bulk products – trade in food products and services. Location: Lille (Nord) Company registration number: 539 618 660 2022 revenues: 3,9 M€ Headcount 20 employees Deadline for submitting bids: 29/12/2023
		Marketing of SaaS software to support business transformation management Main features: Business: Marketing of SaaS software to support business transformation management. Location: Ile-de-France 2022 revenues: 3,3 M€ – 2021 revenues: 4 M€ – 2020 revenues: 4,4 M€ Headcount 24 employees Deadline for submitting bids: 15/12/2023
		Sale of women’s shoes under the brand name Main features: Business: Sale of women’s shoes under the brand name. Location: Nîmes, Le Pontet, Cannes, Saint Laurent du Var 2022 revenues: 2 M€ – 2021 revenues: 1 M€ Headcount 11 employees
		Sovadis Mobilier Main features: Business: Manufacturer of furniture for local authorities and medico-social establishments, specialising in “medium and long-stay” living environments. Location: Varennes-sur-Allier (Allier) Company registration number: 348 690 504 2023 revenues: 1,8 M€ Headcount 12 employees Deadline for submitting bids: 15/12/2023
		Interior and exterior joinery Main features: Business: Design, manufacture and installation of interior and exterior joinery. Location: Val-de-Marne 2023 revenues: 1,6 M€ Headcount 11 employees Deadline for submitting bids: 05/12/2023
		Genomic Vision Main features: Business: Biotechnology company specialising in bio-production. Exploitation of a unique breakthrough technology, the ownership of which is protected by a large portfolio of patents with an exclusive worldwide licence from the Institut Pasteur. The company is developing a full range of tools for quality control and characterisation of transformed cells for bio-production, cell and gene therapy and, historically, molecular diagnostics. Location: Bagneux (Hauts-de-Seine) Company registration number: 477 699 144 2022 revenues: 1 M€ – 2021 revenues: 0,99 M€ – 2020 revenues: 1 M€ Headcount 42 employees Deadline for submitting bids: 05/12/2023