News
04.10.2024Arnaud Pédron, Laura Bavoux, Numa Rengot

Distressed acquisition opportunities – October 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 RengotLaura Bavoux 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).

Forging of parts for the automotive industry

Main features:

  • Business: Forging parts for the automotive and truck industries
  • Location: Ardennes
  • 2023 revenues: 47 M€
  • Headcount 120 employees
  • Deadline for submitting bids: 25/10/2024

Forging of parts for the automotive industry

Main features:

  • Business: Forging parts for the automotive and truck industries
  • Location: Ardennes
  • 2023 revenues: 18 M€
  • Headcount 90 employees
  • Deadline for submitting bids: 25/10/2024

Nouvelle Victoria

Main features:

  • Business: Cleaning company, cleaning and hygiene of all premises
  • Location: Rhône
  • Company registration number: 888 374 253
  • 2024 revenues (6 months): 3,8 M€ – 2023 revenues: 7,8 M€
  • Headcount 296 employees
  • Deadline for submitting bids: 15/11/2024

Rafer

Main features:

  • Business: Mechanical engineering, manufacture of chains and sprockets for industrial applications, all activities related to the metallurgical industry (purchase and sale, import-export of industrial equipment)
  • Location: Siège : Charbonnières-les-Bains (Rhône-Alpes), Dieuze (Meuse) and Saint Chamond (Loire)
  • Company registration number: 978 233 088
  • 2023/2024 revenues: 6,3 M€
  • Headcount 89 employees
  • Deadline for submitting bids: 09/10/2024

Transports Lecamus

Main features:

  • Business: Road haulage of goods, member of two distribution networks, transport of dangerous goods, distribution by batches and half-batches on half and full pallets
  • Location: Saint-Désir (Calvados)
  • Company registration number: 393 904 131
  • 2023 revenues: 6,1 M€
  • Headcount 34 employees
  • Deadline for submitting bids: 25/10/2024

TSF Distribution

Main features:

  • Business: Road haulage, member of a distribution network, transport of dangerous goods
  • Location: Montierchaume (Indre)
  • Company registration number: 479 345 183
  • 2023 revenues: 5,5 M€
  • Headcount 27 employees
  • Deadline for submitting bids: 25/10/2024

Digital solution to optimise your energy performance strategy

Main features:

  • Business: A company offering a digital solution for modelling and optimising corporate energy performance strategies
  • 2023 revenues: 3,3 M€
  • Headcount 48 employees
  • Deadline for submitting bids: 25/10/2024

Manufacture of taps and fittings

Main features:

  • Business: Manufacture of taps and fittings, casting and working of all metals
  • Location: Loir-et-Cher
  • 2023 revenues: 3,19 M€
  • Headcount 30 employees
  • Deadline for submitting bids: 31/10/2024

Glenat

Main features:

  • Business: Restoration and rehabilitation of old buildings: stone cutting and masonry, lime rendering, pointing, whitewash, etc.
  • Location: Saint-Romans (Isère)
  • 2023 revenues: 2,68 M€ – 2022 revenues: 2,89 M€ – 2021 revenues: 3,2 M€
  • Headcount 26 employees
  • Deadline for submitting bids: 29/10/2024

Brasserie

Main features:

  • Business: Brasserie
  • Location: Noisy-le-Grand (Seine-Saint-Denis)
  • 2023 revenues: 2,4 M€
  • Headcount 18 employees
  • Deadline for submitting bids: 06/11/2024

Polichinelle

Main features:

  • Business: Company operating a vegetarian buffet restaurant in a Paris hotel
  • Location: Paris
  • Company registration number: 849 581 756
  • 2023 revenues: 1,59 M€ – 2022 revenues: 1,46 M€
  • Headcount 17 employees
  • Deadline for submitting bids: 15/10/2024