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 Rengot, Laura 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).

		Dispeo Main features: Business: Logistics service provider, specialising in e-commerce and retail logistics, management of promotional and non-merchant flows, associated transport services Location: Beauvais (Oise) and Evreux (Eure) Company registration number: 529 192 304 2023 revenues: 83 M€ Headcount 447 employees Deadline for submitting bids: 20/11/2024
		Gaussin SA Main features: Business: Design of industrial electric vehicles for logistics and port activities in particular Location: Héricourt (Haute-Saône) Company registration number: 676 250 038 2022 revenues: 25 M€ – 2021 revenues: 20 M€ Headcount 68 employees Deadline for submitting bids: 04/11/2024
		Holding company and two subsidiaries Main features: Business: Subsidiary 1: Design office, industrialisation, manufacture and assembly of precision mechanical assemblies Subsidiary 2: Marketing and sales of infectious waste treatment processes Location: Sarthe 2023 revenues: Holding: 871 K€ – Subsidiary 1: 18,8 M€ – Subsidiary 2: 247 K€ – 2022 revenues: Holding: 768 K€ – Subsidiary 1: 16,5 M€ – Subsidiary 2: 258 K€ – 2021 revenues: Holding: 768 K€ – Subsidiary 1: 15,2 M€ – Subsidiary 2: 15 K€ Headcount: Holding: 2 employees – Filiale 1: 136 employees – Filiale 2: 2 employees Deadline for submitting bids: 31/10/2024
		TPF Industrie Main features: Business: Formulation of polyols for the manufacture of polyurethane for construction and industry, with an approved training centre. Assembly, manufacture and hire of machinery and accessories related to these fields of activity. Location: Rhône Valley Company registration number: 877 934 323 Revenues: 12 M€ Headcount 33 employees Deadline for submitting bids: 18/10/2024
		JLB Autos Main features: Business: Vehicle purchases, sales, repairs and bodywork Location: Sevrey (Saône-et-Loire) Company registration number: 453 742 603 2023 revenues: 8,3 M€ – 2022 revenues: 9,6 M€ – 2021 revenues: 10,4 M€ Headcount 7 employees Deadline for submitting bids: 12/11/2024
		Wito Main features: Business: Renovation of flats, houses, offices and restaurants in the Paris market for a wealthy clientele Location: Paris Company registration number: 527 572 572 2023 revenues: 8,3 M€ Headcount 52 employees Deadline for submitting bids: 15/10/2024
		Temporary work Main features: Business: Temporary work Location: Antilles 2023 revenues: 6,6 M€ Headcount 12 employees Deadline for submitting bids: 29/11/2024
		Satil Main features: Business: Metallurgy – Boilermaking – Mechanical welding Location: Chambéry and Yenne (Savoie) Company registration number: 485 399 620 2024 revenues: 5,8 M€ – 2023 revenues (9 months): 6,6 M€ Headcount 57 employees Deadline for submitting bids: 08/11/2024
		Remote surveillance Main features: Business: Remote surveillance by any existing or future technical means of all property, buildings and persons, security and guarding, private security auditing and consultancy both in the European Economic Community and abroad. Operating area: Metropolitan France Company registration number: 393 904 131 2023 revenues: 4,7 M€ – 2022 revenues: 4,6 M€ – 2021 revenues: 12,9 M€ Headcount 276 employees Deadline for submitting bids: 28/10/2024
		Bottling plant Main features: Business: Wine storage cellar, laboratory, offices, production lines including 1 4OP packaging line and 1 rework line Location: Gironde Revenues: 4 M€ Headcount 20 employees Deadline for submitting bids: 22/11/2024
		Plastiques Verchère Main features: Business: Production of plastic containers for liquid products (synthetic glass, party cups, cosmetic bottles, PET bottles, etc.). Location: Péronnas (Ain) Company registration number: 311 441 505 2023 revenues: 4 M€ Headcount 15 employees Deadline for submitting bids: 18/11/2024
		Cité numérique – Quais de l’image Main features: Business: Industrial production of images and text for e-commerce Location: Hauts de France Company registration number: 377 559 646 2023 revenues: 3,3 M€ Headcount 34 employees Deadline for submitting bids: 08/11/2024
		Design and production of industrial tools Main features: Business: Design and production of industrial tools Location: Indre-et-Loire 2023 revenues: 2 M€ and 336 K€ (Holding) Headcount 17 employees Deadline for submitting bids: 06/11/2024
		CVS Main features: Business: Accompanying you on outings, childcare, remote assistance Location: Clayes-sous-Bois and Le Neubourg (Yvelines) Company registration number: 820 371 813 2023 revenues: 1,7 M€ – 2022 revenues: 2,3 M€ Headcount 128 employees Deadline for submitting bids: 13/11/2024
		7 Fashion Main features: Business: Clothing workshop (women’s lingerie, men’s underwear, swimwear) Location: Bourg-en-Bresse (Ain) Company registration number: 801 268 848 2023 revenues: 1,2 M€ Headcount 28 employees Deadline for submitting bids: 18/10/2024