immeuble Franklin

Distressed acquisition opportunities – October 2022

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).

Scopelec (Group of 14 companies)

Main features:

  • Business: Industrial cooperative group specialized in the design, installation, operation and maintenance of telecommunications infrastructures and networks.
  • Location: Present throughout France and overseas
  • Headcount 2300 employees
  • 2021 revenues: 478 M€
  • Deadline for submitting bids: 02/11/2022

Belliard

Main features:

  • Business: Carpentry, roofing and glued laminated wood manufacturing.
  • Location: Gorron (Mayenne) and Nantes (Loire-Atlantique)
  • Company registration number: 433 998 358
  • Headcount 88 employees
  • 2021 revenues: 14 M€
  • Deadline for submitting bids: 28/10/2022

Manufacturing of basic organic chemicals

Main features:

  • Business: Manufacturing of basic organic chemicals.
  • Location: Hauts-de-France
  • Headcount 124 employees
  • 2021 revenues: 13,4 M€
  • Deadline for submitting bids: 21/10/2022

Wholesale of jewelry and clocks

Main features:

  • Business: Wholesale of jewelry and clocks.
  • Location: Etalans (Doubs)
  • Headcount between 10 and 50 employees
  • Revenues : Between 3 and 15 M€
  • Deadline for submitting bids: 02/11/2022

Activert – Hibiscus

Main features:

  • Business: Development of green spaces, landscaping, earthworks, construction of buildings, execution of road works and various networks, fairground activity.
  • Location: Belbeuf (Seine-Maritime)
  • Company registration number: 382 769 255
  • Headcount 52 employees
  • 2021 revenues: 5,6 M€
  • Deadline for submitting bids: 27/10/2022

Print company

Main features:

  • Business: Print company.
  • Location: Yonne
  • Headcount 16 employees
  • 2021 revenues: 1,8 M€
  • Deadline for submitting bids: 21/10/2022

Teknisols

Main features:

  • Business: Vente et pose de tout revêtement de sol.
  • Location: Tulle (Corrèze)
  • Company registration number: 419 942 255
  • Headcount 18 employees
  • 2021 revenues: 1,3 M€
  • Deadline for submitting bids: 19/10/2022

Solutions adapted to professional utility vehicles and the user’s business

Main features:

  • Business: Solutions adapted to professional utility vehicles and the user’s business.
  • Location: Ile-de-France
  • Headcount less than10 employees
  • Revenues: Less than or equal to €1 million
  • Deadline for submitting bids: 10/10/2022

Production of artists and publishing of musical works

Main features:

  • Business: Production of artists and publishing of musical works.
  • Location: Ile-de-France
  • Headcount 14 employees
  • 2021 revenues: 999 K€ – 2020 revenues: 647 K€
  • Deadline for submitting bids: 07/10/2022

Da Voloerra

Main features:

  • Business: Development of biotechnologies in clinical phase (oncology).
  • Location: Paris (Ile-de-France)
  • Company registration number: 431 860 758
  • Headcount 31 employees
  • 2020 revenues: 14,2 K€
  • Deadline for submitting bids: 24/10/2022

Monshareprojet

Main features:

  • Business: Design and marketing of electrically assisted bicycles for people with reduced mobility.
  • Location: Villeurbanne (Rhône)
  • Company registration number: 830 419 065
  • Headcount 1 employee
  • Deadline for submitting bids: 24/10/2022