immeuble-franklin

Distressed acquisition opportunities – November 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.

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).

Windscreen repair and replacement

Main features:

  • Business: Windscreen repair and replacement
  • Location: 28 centres across France
  • 2023 revenues: 23 M€
  • Headcount 168 employees
  • Deadline for submitting bids: 27/11/2024

Yoopala

Main features:

  • Business: Company specialising in home childcare
  • 2024 revenues: 16 M€ – 2023 revenues: 16,5 M€
  • Company registration number: 488 791 203
  • Headcount : 80 permanent staff and 2,000 baby-sitters
  • Deadline for submitting bids: 31/01/2025

La Fédération Régionale des MJC d’IDF

Main features:

  • Business: Association under the law of 1901 Jeunesse et Education Populaire, coordination of regional federal network, management and support functions for MJCs in the Paris region, management of 4 activity centres.
  • 2023 revenues: 8 M€
  • Headcount : 116 employees (28 at head office and 88 in the activity centres)
  • Deadline for submitting bids: 28/11/2024

Readyto-wear

Main features:

  • Business: 8 ready-to-wear goodwill
  • Location: Moiselles (Val d’Oise), Le Havre (Seine Maritime), Vichy (Allier), Reims (Marne), Lorient (Morbihan), Toulouse (Haute Garonne), Annemasse (Haute Savoie) et Coquelles (Pas de Calais)
  • 2023 revenues: 3,4 M€
  • Headcount : 21 employees (spread across 8 businesses)
  • Deadline for submitting bids: 22/11/2024

Production of pieces sold commercially and for haute couture and readyto-wear shows

Main features:

  • Business: Production of pieces sold commercially and for haute couture and ready-to-wear shows
  • Location : Paris
  • 2024 revenues: 2,8 M€ – 2023 revenues (18 mois) : 5,1 M€ – 2021 revenues: 3,3 M€
  • Headcount: 20 permanent employees and 2 apprentices
  • Deadline for submitting bids: 26/11/2024

Glenat

Main features:

  • Business: Restoring and renovating old buildings
  • Location: Saint-Romans (Isère)
  • 2023 revenues: 2,6 M€ – 2022 revenues: 2,9 M€ – 2021 revenues: 3,2 M€
  • Headcount 26 employees
  • Deadline for submitting bids: 29/11/2024

Refrigerated road haulage

Main features:

  • Business: Refrigerated road haulage, tippers and tautliners
  • Location : Nîmes (Gard)
  • 2024 revenues (7 mois) : 2 M€ – 2023 revenues: 3,8 M€
  • Headcount 16 employees
  • Deadline for submitting bids: 15/11/2024

Paprika

Main features:

  • Business: Design and marketing of women’s plus-size ready-to-wear garments
  • Location: Headquarters: Lille (Nord) – Establishments: Englos, Villeneuve d’Ascq et Louvroil (59), Strasbourg andThionville (Bas Rhin)
  • Company registration number: 432 491 777
  • 2024 revenues: 1,4 M€ – 2023 revenues: 1,6 M€
  • Headcount 15 employees
  • Deadline for submitting bids: 29/11/2024

Bakery, pastry

Main features:

  • Business: Bakery, pastry, confectionery, ice cream, tearoom
  • Location: Maurepas (Yvelines)
  • 2023 revenues: 1,1 M€
  • Headcount 8 employees
  • Deadline for submitting bids: 29/11/2024

Wood fibre products

Main features:

  • Business: Development and marketing of wood fibre products for the vegetable and animal sectors
  • Location: Indre-et-Loire
  • 2024 revenues (9 mois) : 1 M€ – 2023 revenues: 1,7 M€
  • Headcount 7 employees
  • Deadline for submitting bids: 29/11/2024