26.02.2025

Distressed acquisition opportunities – 24 february 2025

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).


		Union Mutualiste with a hospital activity Main features: Business: Union Mutualiste with a hospital activity – Private health establishment of collective interest (ESPIC) Location: Paris Revenue not disclosed – 2024 operating income: 244 M€ – 2023 operating income: 238 M€ Headcount 1580 employees Deadline for submitting bids: 16/05/2025
		My Flex Group Main features: Business: Company specialising in the management of operated offices (workspace management, maintenance and upkeep, technology and infrastructure, fit-out and equipment, provision of tailored services). Location: Head office in Paris – Offices in major French cities Company registration number: 822 344 594 2024 revenues (8 months): 20 M€ – 2023 revenues: 28,2 M€ – 2022 revenues: 22,9 M€ – CA 2021 : 9,6 M€ Headcount 37 employees Deadline for submitting bids: 13/03/2025
		Tupperware France Main features: usiness: All operations relating to the sale and marketing, by all means and sales methods, of all products and accessories, principally plastic (or plastic-based) products or any other material, for household and domestic use (extension of licence under discussion) Company registration number: 642 041 198 2023 revenues: 18,9 M€ – 2022 revenues: 38,7 M€ – 2021 revenues: 44,9 M€ Headcount 29 employees Deadline for submitting bids: 19/03/2025
		Yoopala Main features: Business: Company specialising in home childcare Location: All France Company registration number: 488 791 203 2024 revenues: 16 M€ – 2023 revenues: 16,5 M€ Headcount 76 employees and over 2,000 baby-sitters (fixed-term contracts) Deadline for submitting bids: 14/05/2025
		Clergerie Main features: Business: Company 1: Manufacture of top-of-the-range Clergerie brand shoes – Company 2: Marketing (wholesale – retail – internet) of Clergerie brand shoes Location: Romans-sur-Isère and boutique and corners in Paris 2024 revenues: Company 1: 4,5 M€ – Company 2: 4,9 M€ Headcount : Company 1 : 32 employees – Company 2 : 20 employees Deadline for submitting bids: 18/03/2025
		Sceen Main features: Business: Normandy lighting marketing and design company Location: Saint Etienne du Rouvray (Seine Maritime) Company registration number: 331 734 087 2023 revenues: 6,9 M€ Headcount 11 employees Deadline for submitting bids: 07/03/2025
		Joineries Main features: Business: External joinery under private contracts (90%) public contracts (10%) Location: Seine Saint Denis 2024 revenues (9 months) : 4,1 M€ – 2023 revenues: 6,3 M€ – 2022 revenues: 10 M€ – 2021 revenues: 4,5 M€ Headcount 15 employees Deadline for submitting bids: 10/03/2025
		Association ADRIM Main features: Business: Accommodation for adults and families in difficulty – Individualised support and training to promote integration and employment Location: Marseille Revenue not disclosed – 2023 operating income: 6 M€ Headcount 66 employees Deadline for submitting bids: 10/03/2025
		Kinugawa Main features: Business: Operation of a Japanese gourmet restaurant Location: Echirolles (Isère) 2024 revenues (temporary): Vendôme : 1,8 M€ – Matignon : 2,3 M€ – 2023 revenues: Vendôme : 2,1 M€ – Matignon : 2,7 M€ Headcount 33 employees Deadline for submitting bids: 17/03/2025
		Sale and hire of sports equipment Main features: Business: Sale and hire of sports equipment Location: Seine Saint Denis 2024 revenues: 3,8 M€ Headcount 17 employees Deadline for submitting bids: 07/03/2025
		Codam – Outilnext Main features: Business: Codam: Production by stamping of small metal parts in large series Outinext: Manufacture of machinery and tools Location: Echirolles (Isère) Company registration number: Codam: 378 523 294 – Outinext: 839 477 940 2024 revenues: Codam : 2,4 M€ – Outinext : 139 K€ – 2023 revenues: Codam : 2,7 M€ – Outinext : 797 K€ – 2022 revenues: Codam : 3 M€ – Outinext : 386 K€ Headcount: Codam : 13 employees – Outinext : 2 employees Deadline for submitting bids: 21/03/2025
		Grand Scène Main features: Business: Food Court (10 restaurants, 2 bars, 1,600m2, seating for 500) Location: Lille (Nord) Company registration number: 848 305 207 2023 revenues: 2,3 M€ Headcount 22 employees Deadline for submitting bids: 24/03/2025
		Graphic’a Main features: Business: Company specialising in ancillary graphic activities, screen printing on all media: cutting adhesives, management of advertising media, installation and maintenance of signs, digital printing, cutting and installation of adhesives. Location: Bouguenais (Loire Atlantique) Company registration number: 477 828 388 2024 revenues: 1,5 M€ Headcount 14 employees Deadline for submitting bids: 28/03/2025
		Home help Main features: Business: Company operating a home help business Location: Aulnay sous Bois (Seine-Saint-Denis) 2024 revenues (7 months): 613 K€ – 2023 revenues: 1,4 M€ – 2022 revenues: 1,5 M€ Headcount 42 employees Deadline for submitting bids: 04/03/2025
		Bakery, patisserie Main features: Business: Bakery, patisserie, delicatessen, chocolate shop Location: Gironde CA 2023 : 1,3 M€ Headcount 22 employees Deadline for submitting bids: 04/03/2025
		Acerta Main features: Business: An engineering company selling services focused on the management of private and public property projects. Its business covers 4 services: assistant project manager, scheduling, piloting and coordination, project manager and interior architecture. Location : Paris Company registration number: 413 695 990 2024 revenues: 900 K€ Headcount 10 employees Deadline for submitting bids: 17/03/2025