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 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).


		Groupe Technicolor Main features: Business: A group specialising in special visual effects for the film and TV series industry, with 4 core businesses: – MPC: visual effects for films and series – The Mill: animation for commercials – Mikros animation: animation for cartoons – Technicolor Games: sound environments / video game animation Location: Not communicated but subsidiaries in the UK, Canada and India 2024 revenues: 309 M€ – CA 2024 : Technicolor Group : 40,1 M€ – Mikros Image : 50,1 M€ – The Mill France : 1 M€ – Technicolor animation production : 17,2 M€ – Technicolor Trademark Managment : 1,2 M€ – 2023 revenues: Technicolor Group : 0,5 M€ – Mikros Image : 84,1 M€ – The Mill France : 0,4 M€ – Technicolor animation production : 15,6 M€ – Technicolor Trademark Managment : 1,2 M€ Headcount : Technicolor Group : 29 employees – Mikros Image : 434 employees – The Mill France : 3 employees – Technicolor animation production : 21 employees – Technicolor Trademark Managment : 0 employee Deadline for submitting bids : 07/03/2025
		Entretien installation thermique provençale (EITP) Main features: Business: Plumbing, heating, electricity and air conditioning company Location: Les Pennes Mirabeau (Bouches du Rhône) Company registration number: 429 949 670 2023 revenues: 31 M€ Headcount 91 employees Deadline for submitting bids: 24/03/2025
		Univairmer voyages Main features: Business: This company has been managing a network of 51 travel agencies throughout France since 2005. It has a remote sales platform (tourism and business travel management) and a ‘groups’ service with regional sales representatives. Company registration number: 642 041 198 2024 revenues: 29 M€ Headcount 127 employees Deadline for submitting bids: 12/03/2025
		Virtuo Technologies Main features: Business: 100% digital car rental: 100% digital platform for the rental of internal combustion vehicles, putting professional car rental companies in touch with private individuals. Location: Paris, Aix-Avignon, Lyon, Côte d’Azur, Marseille, Lille, Toulouse, Nantes and Montpellier Company registration number: 813 197 589 2024 revenues: 22,2 M€ – 2023 revenues: 32,7 M€ – 2022 revenues: 30 M€ Headcount 61 employees Deadline for submitting bids: 17/03/2025
		Syndicat régional agricole de Cadillac Main features: Business: Supply of fertilisers, seeds, trellises and plant protection products to local farmers and third parties in the syndicate Location: Gironde et Landes 2023 revenues: 13,9 M€ Headcount 19 employees Deadline for submitting bids: 20/03/2025
		Pharmacie Kermen Billancourt Main features: Business: Pharmacy specialising in home delivery of medicines (chronic diseases, oncology, etc.) Location: Boulogne Billancourt (Hauts-de-Seine) Company registration number: 915 222 582 2024 revenues: 8,1 M€ – 2023 revenues: 9,6 M€ Headcount 11 employees Deadline for submitting bids: 28/03/2025
		Photoengraving, pre-press, printing, manufacturing Main features: Business: Photoengraving, pre-press, printing, manufacturing Location: Bourgoin-Jallieu (Isère) 2023 revenues: 5,5 M€ – 2022 revenues: 6 M€ – 2021 revenues: 5,8 M€ Headcount 37 employees Deadline for submitting bids: 18/04/2025
		Photoengraving mock-ups for printing and binding Main features: Business: Design and production of mock-ups, photoengraving, printing and binding Location: Charenton-le-Pont (Val-de-Marne) 2023 revenues: 4,9 M€ – 2022 revenues: 6,2 M€ – 2021 revenues: 6,5 M€ Headcount 48 employees Deadline for submitting bids: 18/04/2025
		Courbet Main features: Business: Recycled gold and synthetic diamond jewellery – Development and marketing of top-of-the-range ecological jewellery made from recycled gold and synthetic diamonds Location: Paris 2024 revenues: 2,5-4 M€ Headcount 13 employees Deadline for submitting bids: 30/04/2025
		Manufacture of interior wood products Main features: Business: A company that manufactures made-to-measure interior wood and wood-based products Location: Saône-et-Loire 2023 revenues: 3,3 M€ – 2022 revenues: 4,5 M€ – 2021 revenues: 4,4 M€ Headcount 18 employees Deadline for submitting bids: 24/03/2025
		Morel Main features: Business: PVC and aluminium joinery Location: Montrevel-en-Bresse (Ain) Company registration number: 306 985 854 2024 revenues: 2 M€ – 2023 revenues: 2 M€ Headcount 15 employees Deadline for submitting bids: 27/03/2025
		Quad Service Main features: Business: Maintenance and sales of scientific equipment (mass spectrometers, GC, LC, pyrolysers, gas generators) Location: Archères (Yvelines) Company registration number: 848 305 207 2024 revenues: 1,8 M€ Headcount 6 employees Deadline for submitting bids: 14/03/2025
		5 Océans Vannes Main features: Business: Coastal and offshore boating licence training Location: Vannes (Morbihan) and Paris Company registration number: 792 545 568 2023 revenues: 1,6 M€ Headcount 5 employees Deadline for submitting bids: 14/03/2025
		Distance selling of lingerie Main features: Business: Distance-selling company selling lingerie, cosmetics and various accessories from specialised catalogues or by mail order. Location: Gémenos (Bouches-du-Rhône) 2024 revenues: 1,4 M€ Headcount 6 employees Deadline for submitting bids: 14/03/2025
		Metal Inco Main features: Business: Production of welded metal assemblies and components Location: Creys-Mépieu (Isère) Company registration number: 528 542 913 2023 revenues: 1,2 M€ – 2022 revenues: 1,1 M€ Headcount 11 employees Deadline for submitting bids: 17/03/2025