Distressed acquisition opportunities – September 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).

		Alric Main features: Business: General building and public works company. Location:Fleury-Merogis (Seine-Saint-Denis) Company registration number: 959 201 575 2021 revenues: 25,9 M€ Headcount 63 employees Deadline for submitting bids: 25/09/2023
		Risk&Co / Anticip Main features: Business: Company specialising in cybersecurity consulting and safety engineering (personal safety and infrastructure). Geographical presence: subsidiaries in France, UAE, Nigeria and South Africa Company registration number: Risk&Co : 492 648 142 – Anticip : 480 019 991 2022 revenues: 8,67 M€ Headcount 170 employees Deadline for submitting bids: 15/09/2023
		Lefort BTP Main features: Business: General building contractor. Location: Amfreville-la-Mi-Voie (Seine Maritime) Company registration number: 824 047 328 2022 revenues: 8,67 M€ Headcount 11 employees Deadline for submitting bids: 18/09/2023
		Road freight transport Main features: Business: Road freight transport. Location: Ouroux-sur-Saône (Saône-et-Loire) 2022 revenues: 5,64 M€ – 2021 revenues: 5,38 M€ Headcount 43 employees Deadline for submitting bids: 02/10/2023
		Formwork for concrete and beam moulds Main features: Business: Production, sale, hire and maintenance of concrete formwork panels and beam moulds (construction, public works). 2022 revenues: 3,44 M€ – 2021 revenues: 3,6 M€ – 2020 revenues: 3,45 M€ Headcount 19 employees Deadline for submitting bids: 21/09/2023
		Retail sale of books and stationery Main features: Business: Retail sale of books and stationery. Location: Guadeloupe 2023 revenues: 3,35 M€ – 2022 revenues: 3,37 M€ Headcount 20 employees Deadline for submitting bids: 29/09/2023
		Stefmetal Main features: Business: Metalwork and locksmithing. Location: Dourdan (Essonne) Company registration number : 428 972 129 2022 revenues: 2,98 M€ Headcount 10 employees Deadline for submitting bids: 03/10/2023
		Manufacture of cutting tools Main features: Business: Manufacture of cutting tools. Location: Vosges 2022 revenues: 1,94 M€ Headcount 17 employees Deadline for submitting bids: 11/09/2023
		Building work Main features: Business: Building work, construction, building renovations, construction information, roofing, structural studies. Location: Val-de-Marne 2022 revenues: 1,9 M€ Headcount 5 employees Deadline for submitting bids: 06/09/2023
		Agency / Communications department Main features: Business: Social network management agency for restaurateurs and hoteliers – AI-powered software for content creation and publication. Location: Le Mans (Sarthe) Forecast revenues to 30/09/2023: 2.88 M€ – Revenues to 30/09/2022: 1.82 M€ – Revenues to 30/09/2021: 530 M€ Headcount 35 employees Deadline for submitting bids: 13/09/2023
		Chaubeyre Main features: Business: Manufacture of galvanised, stainless steel or zinc-coated steel chains, all types of wire-based products, ropes and halyards, shaping of steel cables and steel slings. Location: Breteuil-sur-Iton (Eure) Company registration number: 563 650 084 2022 revenues: 1,44 M€ Headcount 15 employees Deadline for submitting bids: 02/10/2023
		Medical equipment hire and sales Main features: Business: Hire and sale of medical equipment (beds, wheelchairs, patient lifts, air mattresses, etc.). Location: Var 2022 revenues: 1,2 M€ Headcount 4 employees Deadline for submitting bids: 11/09/2023
		Stendo Main features: Activité : R&D company developing and manufacturing non-invasive medical and paramedical devices. Location: Louviers (Eure) Company registration number: 530 630 102 2022 revenues: 1,18 M€ Headcount 10 employees Deadline for submitting bids: 22/09/2023
		YLM Main features: Business: Commerce de prêt à porter pour enfants. Location: Sarthe Company registration number: 508 491 206 2022 revenues: 606 K€ Headcount 4 employees Deadline for submitting bids: 18/09/2023
		Anova-Plus Main features: Business: A company specialising in the development of on-site, real-time pathogen screening kits for the agri-food industry. Location: Evry-Courcouronnes (Essonne) Company registration number: 750 469 280 2022 revenues: 405 K€ – 2021 revenues: 388 K€ Headcount 7 employees Deadline for submitting bids: 20/09/2023
		Fastlane Education Main features: Business: Company specialising in the distribution of educational tools – Digital publisher of learning solutions focused on developing soft skills for teenagers and young adults – Two e-learning applications: Startlab and Speechlab. Location: Paris Company registration number: 837 640 333 2022 revenues: 219 K€ Headcount 8 employees Deadline for submitting bids: 22/09/2023