Distressed acquisition opportunities – 17 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).


		Ateliers mécaniques et industries spéciales – AMIS Main features: Business: Design and manufacture of parts for the automotive industry for OEMs and carmakers Location: Montluçon (Allier) and Guéret (Creuse) Company registration number: 745 780 387 2024 revenues: 36 M€ – 2023 revenues: 50 M€ – 2022 revenues: 48 M€ – 2021 revenues: 46 M€ Headcount 380 employees Deadline for submitting bids: 18/04/2025
		Primavista Main features: Business: Professional photography of young children and pregnant women in maternity wards and home photo sales, contract printing Location: National network Company registration number: 807 856 232 2024 revenues: 21,1 M€ Headcount 255 employees Deadline for submitting bids: 14/04/2025
		Private hospital Main features: Business: Private hospital Location: Toulon, Hyères – Sainte-Marguerite (Var) 2024 revenues: 19,5 M€ Headcount 249 employees Deadline for submitting bids: 31/03/2025
		Financière GFL – Groupe Maliterie Main features: Business: Production plant for bedding, including mattresses Location: Essonne Company registration number: 980 591 382 2024 revenues: 7,7 M€ Headcount 20 employees Deadline for submitting bids: 11/04/2025
		Packaging Food & Co (PKG) Main features: Business: Sale of disposable and recyclable food packaging for catering professionals Location: Paris 2023 revenues: 6,9 M€ – 2022 revenues: 17,5 M€ – 2021 revenues: 8,5 M€ Headcount 28 employees Deadline for submitting bids: 21/04/2025
		Sign Bricorama Main features: Business: Operation of a business distributing mainly DIY products and household equipment Location: Loir-et-Cher 2023 revenues: 5,7 M€ Headcount 24 employees Deadline for submitting bids: 21/04/2025
		Anaïs Main features: Business: Retail sale of perfume and beauty products in specialised shops – Beauty salons Location: Lescar (Pyrénées Atlantique) Company registration number: 334 161 890 2023 revenues: 4,2 M€ Headcount 28 employees Deadline for submitting bids: 25/04/2025
		Phaxiam Therapeutics Main features: Business: Clinical-stage biopharmaceutical company developing innovative bacteriophage-based therapies to combat severe resistant infections Location: Lyon (Rhône-Alpes) Company registration number: 479 560 013 Headcount 28 employees Deadline for submitting bids: 11/04/2025
		Courant Constructeur Main features: Business: Manufacture, sale and hire of modular buildings and mobile living facilities, trailers and site trailers for construction professionals and public authorities Location: Vair-sur-Loire (Loire Atlantique) Company registration number: 391 543 873 2024 revenues: 3,6 M€ Headcount 24 employees Deadline for submitting bids: 08/04/2025
		Publisher of a data & AI project management solution Main features: Business: Publisher of a data & AI project management solution Location: Seine-Maritime 2024 revenues: 2,4 M€ Headcount 19 employees Deadline for submitting bids: 04/04/2025
		Digital communications agency Main features: Business: Digital communications agency Location: Nouvelle Aquitaine 2023 revenues: 2 M€ Headcount less than 10 employees Deadline for submitting bids: 31/03/2025
		Coachbuilder Main features: Business: Coachbuilder , LV, HGV, SMR: Manufacture, painting and maintenance of bodywork Location: Percy-en-Normandie (Manche) 2023 revenues: 1,9 M€ Headcount 11 employees Deadline for submitting bids: 27/03/2025
		Gouveia Main features: Business: Plastering and painting work, mainly for major developers (Bouygues, Eiffage, Vinci, Auvergne Habitat) Location: Lempdes (Puy-de-Dôme) Company registration number: 349 430 231 2023 revenues: 1,9 M€ Headcount 20 employees Deadline for submitting bids: 04/04/2025
		Re-Match France Main features: Business: Leading company in the recycling of artificial turf sports pitches. Innovative, patented and registered process. Marketing of recycled products: sand, SBR (rubber) and polyethylene fibres. Location: Erstein (Bas-Rhin) Company registration number: 890 481 666 2023 revenues: 1,8 M€ Headcount 27 employees Deadline for submitting bids: 02/04/2025