immeuble-franklin

Distressed acquisition opportunities – 10 march 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 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).

 

Online sales – Senior fashion and plus sizes

Main features:

  • Business: Specialist in senior fashion and plus sizes online and by mail order
  • Location: Hauts de France and Ile de France
  • 2024 revenues: 31 M€
  • Headcount 88 employees
  • Deadline for submitting bids: 07/04/2025

Intégration et assemblage de cartes

Main features:

  • Business: A company specialising in the integration and assembly of complex electronic boards and sub-assemblies in short production runs for the energy, industry and health sectors
  • Location: Valence (Drôme)
  • 2023 revenues: 22,5 M€
  • Headcount 148 employees
  • Deadline for submitting bids: 28/03/2025

Denis & Fils

Main features:

  • Activité : Fabrication et commercialisation de bougies
  • Implantation géographique : Gétigné (Loire Atlantique)
  • RCS : 857 801 559
  • CA 2023 : 19,7 M€
  • Effectif : 115 salariés
  • DLDO : 28/03/2025

Etiquettes adhésives

Main features:

  • Activité : Conception et fabrication innovantes pour l’impression et la finition d’étiquettes adhésives et du flexible packaging
  • Implantation géographique : Essonne
  • CA 2023 : 8,9 M€
  • Effectif : 33 salariés
  • DLDO : 28/03/2025

Galerie du livre Doucet

Main features:

  • Activité : Librairie, papeterie, fourniture de bureaux, imprimerie, restauration et création d’évènements artistiques et culturels
  • Implantation géographique : Le Mans (Sarthe)
  • RCS : 300 900 552
  • CA 2024 : 3,9 M€ – CA 2023 : 3,9 M€ – CA 2024 : 4 M€
  • Effectif : 32 salariés
  • DLDO : 18/04/2025

Activus Group

Main features:

  • Activité : Société spécialisée dans les prestations de services informatiques (assistance technique, hébergement data center) et dans le développement et la commercialisation du logiciel DIGIBRAIN (gestionnaire utilisant l’IA)
  • Implantation géographique : Toulouse (Haute-Garonne)
  • RCS : 815 357 769
  • CA 2024 : 3,5 M€
  • Effectif : 54 salariés
  • DLDO : 21/03/2025

Imprimerie du Pont de Claix

Main features:

  • Activité : Imprimerie innovante au savoir-faire historique
  • Implantation géographique : Claix (Isère)
  • RCS : 820 786 010
  • CA 2023 : 2,3 M€ – CA 2022 : 4 M€ – CA 2021 3,4 M€
  • Effectif : 19 salariés
  • DLDO : 15/04/2025

Carl’s Jr

Main features:

  • Activité : Fonds de commerce de restauration rapide à l’enseigne Carl’s Junior
  • Implantation géographique : Toulon, Roissy, Pertuis, Le Pontet, Marseille
  • CA 2023 : 2,3 M€
  • Effectif : 0 salarié
  • DLDO : 31/03/2025

Groupe JDC – Codicom – Codicom Fibre

Main features:

  • Business: Deployment and repair of fibre and copper networks Civil engineering – Equipment hire
  • Location: Binic Etables-sur-Mer (Côtes d’Armor )
  • Company registration number: Codicom Fibre: 922 057 005 – Codicom: 392 342 804
  • 2024 revenues: Codicom Fibre: 2,5 M€ – JDC HOLD: 398 K€ – 2023 revenues: Codicom: 3,8 M€ –  JDC MAN: 226 K€
  • Headcount: Codicom Fibre: 45 employees – Codicom: 2 employees
  • Deadline for submitting bids: 17/03/2025

Heating and air conditioning equipment

Main features:

  • Business: Company specialising in the installation of heating and air-conditioning equipment
  • Location: Epinal (Vosges)
  • 2023 revenues: 1,8 M€
  • Headcount 15 employees
  • Deadline for submitting bids: 10/03/2025

Payment service provider

Main features:

  • Business: Payment service provider
  • Location: Rouen (Seine Maritime)
  • 2024 revenues: 1,5 M€
  • Headcount: undisclosed
  • Deadline for submitting bids: 24/04/2025

School of tourism

Main features:

  • Business: Company operating a tourism school offering higher education courses such as BTS and bac +3 to bac +5
  • Location: Occitanie
  • 2023 revenues: 879 K€
  • Headcount 16 employees
  • Deadline for submitting bids: 19/03/2025