Distressed acquisition opportunities – 7 april 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).


		Casa France Main features: Business: A leading player in the home furnishings sector, specialising in the retail sale of decoration, household linen, lighting, garden furniture and home furnishings. A network of shops throughout mainland France, in town centres and shopping centres Location: 143 directly-operated shops and 2 franchises 2024 revenues: 87,2 M€ – CA 2023 : 97,4 M€ – CA 2022 : 103,5 M€ Headcount 672 employees Deadline for submitting bids: 28/04/2025
		ALM International Main features: Business: French company with 5 subsidiaries in West Africa specialising in the distribution of industrial chemicals and various equipment in French-speaking West Africa. Location: French company with 5 subsidiaries in Africa Company registration number: 315 734 483 Group revenue: 46,5 M€ Headcount 33 employees Deadline for submitting bids: 24/04/2025
		Construction of buildings for professional Main features: Business: Construction of buildings for professional use (industrial, logistics, commercial and offices) Location: Paris and Chartres 2023 revenues: 38,8 M€ – CA 2022 : 27,2 M€ – CA 2021 : 33,1 M€ Headcount 7 employees Deadline for submitting bids: 30/04/2025
		Elithis Groupe Main features: Business: Engineering and consultancy services for the energy and environmental efficiency of buildings (Elithis Solutions) & property development (Elithis Immobilier) Location: Dijon (Côte d’Or) Company registration number: Elithis Groupe : 885 215 210 – Elithis Solutions : 444 782 015 – Elithis Immobilier : 889 838 710 2023 revenues: Elithis Groupe : 1,5 M€ – Elithis Solutions : 6,3 M€ – Elithis Immobilier : 24,6 M€ – 2022 revenues: Elithis Groupe : 1,7 M€ – Elithis Solutions : 8 M€ – Elithis Immobilier : 12,5 M€ – 2021 revenues: Elithis Groupe : 1,9 M€ – Elithis Solutions : 6,2 M€ – Elithis Immobilier : 23,1 M€ Headcount: Elithis Groupe : 11 employees – Elithis Solutions : 43 employees – Elithis Immobilier : 5 employees Deadline for submitting bids: 25/04/2025
		Toto Main features: Business: Commerce de détail de textiles en magasin spécialisé (31 boutiques) Location: 31 boutiques en France 2023 revenues: 20,2 M€ – 2022 revenues: 21,6 M€ – 2019 revenues: 19,3 M€ Deadline for submitting bids: 30/04/2025
		Energy renovation work Main features: Business: Specialist in home envelope improvement and energy renovation for private customers: installation of photovoltaic panels and solar batteries, installation of insulation and ventilation solutions, installation of made-to-measure joinery and French manufacturing Location: West of France 2024 revenues: 12 M€ Headcount 118 employees Deadline for submitting bids: 25/04/2025
		Sprint Main features: Business: Freight transport and logistics at national level Location: Toulouse area Company registration number: 380 625 491 Revenues: More than 10 M€ Headcount 61 employees Deadline for submitting bids: 25/04/2025
		Groupe Donaflex Automotive Main features: Business: Operations: Purchase, sale, manufacture, import, export and distribution of all automotive spare parts Holding company: Applied research, functional management of test products, sourcing, marketing, accounting and administrative management and R&D activities for vehicle and equipment manufacturers Location: Houdan (Yvelines) Company registration number: 500 382 171 2023 revenues: Holding company: 8,1 M€ – Subsidiary: 776 K€ – 2022 revenues: Holding company: 9,3 M€ – Subsidiary: 771 K€ Headcount : Holding : 7 employees – Exploitation : 5 employees Deadline for submitting bids: 28/04/2025
		Guarding Main features: Business: Guarding, surveillance and intervention company Location: Yonne 2024 revenues: 8 M€ Headcount 200 employees dont 10 encadrements Deadline for submitting bids: 15/05/2025
		Ethnic jewellery Main features: Business: Holding company owning 100% of the capital of a company manufacturing and distributing high-end ethnic jewellery in receivership Location: Paris 2023 revenues: Holding : 156 K€ – Filiale : 5,2 M€ – 2022 revenues: Holding : 156 K€ – Filiale : 5,5 M€ – 2021 revenues: Holding : 156 K€ – Filiale : 5 M€ Headcount 0 employee (43 salariés employés par la filiale opérationnelle) Deadline for submitting bids: 15/04/2025
		Pharmacie du Grand Parilly Main features: Business: Pharmacie Location: Vénissieux (Rhône-Alpes) 2024 revenues: 5,2 M€ – 2023 revenues: 4,8 M€ Headcount 17 employees Deadline for submitting bids: 27/05/2025
		Treatment and coating of metals Main features: Business: Treatment and coating of metals by electrolysis, lamellar paint and cataphoresis (mainly for the automotive sector) Location: Villeneuve-la-Garenne (Hauts-de-Seine) 2023 revenues: 5,1 M€ – 2022 revenues: 4,2 M€ – 2021 revenues: 3,7 M€ Headcount 49 employees Deadline for submitting bids: 05/05/2025
		Interior and exterior joinery Main features: Business: Manufacture and installation of interior and exterior joinery Location: Maine-et-Loire 2023 revenues: 5 M€ – 2022 revenues: 4 M€ Headcount 23 employees Deadline for submitting bids: 06/05/2025
		Textile printing Main features: Business: Company specialising in on-demand printing of designs and photos on clothing and accessories – Outsourced management of raw materials, printing and deliveries – Development of two sales platforms Location: Maine-et-Loire 2023 revenues: 4,4 M€ – 2022 revenues: 3,6 M€ Headcount 3 employees Deadline for submitting bids: 30/04/2025
		TMB Construction Main features: Business: General masonry work and building shells: building construction and shotcrete Location: Ille-et-Vilaine Company registration number: 797 935 335 2024 revenues: 4 M€ – 2023 revenues: 7,5 M€ – 2022 revenues: 3,5 M€ Headcount 17 employees Deadline for submitting bids: 25/04/2025