Distressed acquisition opportunities – February 2021

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).

		Fibre Excellence Tarascon Main features: Business: Pulp production Location: Tarascon (Bouches-du-Rhône) Headcount 306 employees Company registration number: 399 318 088 2019 revenues: 117,5 M€ Deadline for submitting bids: 19/02/2021
		Restauration japonaise Main features: Business: Japanese food service, on site, take-out or delivery, under a common banner (17 restaurants) and manufacturing laboratory Location: Ile-de-France Headcount 380 employees 2020 Projected revenues : 27,4 M€ – 2019 revenues: 31,5 M€ Deadline for submitting bids: 23/03/2021
		Cacao de Bourgogne Main features: Business: Company of industrial production and sale of confectionery food products and products containing chocolate Location: Dijon (Côte d’Or) Headcount 72 employees Company registration number: 835 081 605 2020 revenues: 23,6 M€ Deadline for submitting bids: 25/02/2021
		La chaise longue Main features: Business: Company specialized in the retail sale of decoration and everyday products. Réseau de 40 boutiques en France. Network of 40 stores in France. Headcount 193 employees 2020 revenues: 21,5 M€ Deadline for submitting bids: 22/02/2021
		SAS Noma Composites Main features: Business: Manufacture of composite material parts mainly in the railway field. Location: Mauve-sur-Huisne (Orne) Headcount 83 employees Company registration number: 793 810 847 2019 revenues: 8,6 M€ – 2018 revenues: 7,5 M€ – 2017 revenues: 8,1 M€ Deadline for submitting bids: 13/03/2021
		Seeb Duchêne Machining Business: Company of precision mechanics in medium and large series, machining work on cast iron, steel, stainless steel, aluminium and all types of ferrous and non-ferrous metals (CN machining, horizontal milling, horizontal and vertical turning). Location: Ruy-Montceau (Isère) Headcount 30 employees Company registration number: 341 371 680 2019 revenues: 6 M€ Deadline for submitting bids: 02/03/2021
		Davoise Main features: Business: Creation, production, distribution and import of top-of-the-range packaging (boxes, cases, boxes) Location: Head office (Paris) and factory (Touraine) Headcount 60 employees Company registration number: 487 956 047 2019 revenues: 3,86 M€ Deadline for submitting bids: 01/03/2021
		Tidee – Fine sheet metal and metallurgy Main features: Business: Manufacturing and marketing of manufactured products. Location: Guise Headcount 86 employees Company registration number: 850 898 644 2020 revenues: (20 months) : 3,7 M€ Deadline for submitting bids: 05/02/2021
		Impression directe Main features: Business: Printing – Press – Publishing – Graphic activities – Recording reproduction. Location: Roubaix Headcount 30 employees Company registration number: 484 644 950 Deadline for submitting bids: 15/02/2021
		Bakery Carillat Péron Main features: Business: Bakery – pastry – sandwich shop Location: Péron-sur-Sergy (Ain) Headcount 33 employees Company registration number: 529 568 602 2020 revenues (10 months) : 2 M€ – 2019 revenues: : 3 M€ Deadline for submitting bids: 17/03/2021
		Hairdressing equipment Main features: Business: Sale of hairdressing equipment and furniture (3 stores) Location: Hauts-de-France Headcount 13 employees 2020 revenues: 1,1 M€ – 2019 revenues: 1,4 M€ Deadline for submitting bids: 26/02/2021
		CPP Initiatives Main features: Business: A service company specializing in clinical research (tests, studies and clinical trials involving healthy or sick human volunteers), also conducting in-house R&D. Development of innovative methodologies, particularly in cutaneous biometrology. Location: Région lyonnaise Headcount 13 employees of which 2 operational managers Company registration number: 833 082 472 2020 revenues (18 months): 817 K€ Deadline for submitting bids: 12/02/2021
		Partnering Robotics Main features: Business: Robotics, Artificial Intelligence and Data Services Sector : Production, design and marketing of robots specialized in air filtration, purification and analysis. Location: Ile-de-France Headcount 25 employees Company registration number: 500 750 112 2019 revenues: 622 K€ Deadline for submitting bids: 19/02/2021
		Uguet Savoie Main features: Business: Design office / VRD Urban developments Location: La Motte Servolex (73) Headcount 8 employees Company registration number:499 434 017 Revenues 590 K€ Deadline for submitting bids: 08/02/2021
		SARL Billault entreprise / SARL SMPI Main features: Business: Roofing, plumbing, heating, electricity Location: Villemandeur (Loiret) Headcount 8 employees Company registration number: 836 950 675 – 317 554 525 2019 revenues: 330 K€ Deadline for submitting bids: 19/02/2021
		Fitness center Main features: Business: Activity of the physical fitness centers. Location: Haut-Rhin Headcount 6 employees Revenues: 302 K€ Deadline for submitting bids:01/03/2021