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).

		SAG France Main features: Business: Production of aluminum, steel and stainless steel structures, mainly for the automotive sector. Location: L’Horme (Loire) Company registration number: 351 697 586 Headcount 80 employees 2021 revenues: 18,2 M€ Deadline for submitting bids: 07/11/2022
		Purchase and resale of equipment and consumable supplies for dental professionals Main features: Business: Purchase and resale of equipment and consumable supplies for dental professionals. Location: Centre-Val-de-Loire Headcount 46 employees 2021 revenues: 10 M€ Deadline for submitting bids: 16/11/2022
		Groupe JeChange Main features: Business: 1 – JeChange.fr: Assistance to individuals for optimizing energy, telecom and insurance bills 2 – Bilson Datamining : Management of call centers 3 – Cabinet Pujol Crédit unique – Cabinet Pujol assurances – Agences Cabinet Pujol : Credit repurchase and credit insurance brokerage. Location: Estillac (Haute-Garonne), Pessac (Gironde) and Biganos (Gironde) Company registration number: 1 – JeChange.fr : 493 542 880 2 – Bilson Datamining : 509 957 023 3 – Cabinet Pujol Crédit unique : 421 529 751 – Cabinet Pujol assurances : 533 230 231 – Agences Cabinet Pujol : 502 490 097 Headcount : 1 – JeChange.fr : 15 employees 2 – Bilson Datamining : 27 employees 3 – Cabinet Pujol Crédit unique – Cabinet Pujol assurances – Agences Cabinet Pujol : 18 employees 2021 revenues: 10 M€ Deadline for submitting bids: 14/11/2022
		Ennoblissement de textiles Main features: Business: Textile finishing thanks to an important industrial park and a know-how in several specialties including technical fabrics. Location: Rhône-Alpes Headcount 65 employees 2021 revenues: 7 M€ Deadline for submitting bids: 02/12/2022
		Extraction of limestone Main features: Business: Extraction of limestone of a dozen colors, transformation of extracted stone blocks into paving, thin coverings or furniture. Location: Dordogne Headcount 45 employees 2021 revenues: 4,1 M€ Deadline for submitting bids: 21/10/2022
		Production of parts, sheet metal sub-assemblies Main features: Business: Production of parts, sheet metal sub-assemblies in small or medium series in different materials (steel, stainless steel, aluminum). Location: OisHeadcount 35 employees CA as of March 31, 2022: 3,56 M€ Deadline for submitting bids: 04/11/2022
		Industrial electricity and boiler making Main features: Business: Industrial electricity and boiler making. Location: Occitanie Headcount 17 employees 2021 revenues: 3,1 M€ Deadline for submitting bids: 15/11/2022
		Wood construction and renovation Main features: Business: Wood construction and renovation. Location: Audomarois (Pas-de-Calais) Headcount 11 employees 2021 revenues: 3 M€ Deadline for submitting bids: 14/11/2022
		Public transport of goods Main features: Business: Public transport of goods. Location: Toulouse (Haute-Garonne) and Nantes (Loire-Atlantique) Headcount 21 employees 2021 revenues: 2,6 M€ Deadline for submitting bids: 31/10/2022
		General building company Main features: Business: General building company, plastering, painting, facade renovation. Location: Haute-Garonne Headcount 18 employees 2021 revenues: 2,6 M€ Deadline for submitting bids: 24/10/2022
		SOCOSER Main features: Business: Workshop of general mechanics on measure (manufacture of parts and trade of screw-cutting and stamping). Location: Chassieu (Rhône) Company registration number: 967 502 717 Headcount 11 employees 2022 revenues: 2,5 M€ Deadline for submitting bids: 04/11/2022
		Subscription management routing company Main features: Business: Routing, subscription management, logistics and digital printing company. Location: Paris area Headcount 20 employees CA as of September 30, 2022: 2,1 M€ Deadline for submitting bids: 10/11/2022
		Duvert Productions Main features: Business: Metalwork, closing, carpentry and locksmithing. Location: Cuzieu (Loire) Company registration number: 790 173 025 Headcount 12 employees 2021 revenues: 2 M€ Deadline for submitting bids: 07/11/2022
		Garage Main features: Business: Garage fund, maintenance and repair of vehicles and transport equipment. Location: Sainte-Luce-sur-Loire (Loire-Atlantique) Headcount 7 employees 2021 revenues: 2 M€ Deadline for submitting bids: 02/12/2022