Distressed acquisition opportunities – 21 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).


		Clinic Main features: Business: Public/private partnership with the adjoining hospital Location: Seine-et-Marne 2024 revenues: 31 M€ Headcount: 188 employees and 60 doctors under private practice contract Deadline for submitting bids: 15/05/2025
		Les Peintures Safe Main features: Business: Company 1: Production of paints for the construction and quality control sectors Company 2: Logistics, R&D and wholesale of paints produced by Les Peintures Safe Company 3: Retail business, selling paints through its own outlets (Paille shops) as well as non-paint products (tools, floor and wall coverings, coatings, etc.) Location: Janneyrias (Isère) Company registration number: Les Peintures Safe : 569 802 663 – Omnium national industriel des peintures : 698 201 969 – Paille : 343 496 675 2023 revenues: Company 1 : 7,6 M€ – Company 2 : 12,9 M€ – Company 3 : 12,5 M€ Headcount: Company 1: 22 employees – Company 2: 26 employees – Company 3: 62 employees Deadline for submitting bids: 28/04/2025
		Maison Milhau Main features: Business: Company specialising in the production of charcuterie and cured meats Location: Midi Pyrénées Company registration number: 315 748 897 Revenues: 28 M€ Headcount 113 employees Deadline for submitting bids: 21/05/2025
		Road haulage Main features: Business: Road haulage Location: Janneyrias (Isère) Company registration number: SAS RG Transports : 809 846 074 – SAS CGV : 829 343 862 2023 revenues: SAS RG Transports : 24 M€ – SAS CGV : 792 K€ Headcount: SAS RG Transports : 120 employees – SAS CGV : 15 employees Deadline for submitting bids: 19/05/2025
		Baya Groupe Main features: Business: Holding company, services for 6 subsidiaries and operation of a business centre Location: Nantes (Loire Atlantique) Company registration number: 512 536 160 Cumulative revenues of subsidiaries: 16,4 M€ Headcount 14 employees Deadline for submitting bids: 02/06/2025
		Esopp Main features: Business: Design, manufacture, delivery and commissioning of packaging and technical film production lines for industry Location: Chambéry (Isère) 2024 revenues: 14 M€ Headcount 56 employees Deadline for submitting bids: 02/06/2025
		Formation Main features: Business: Company specialising in training students and professionals in digital and artificial intelligence careers, on 5 campuses in France 2023 revenues: 12 M€ Headcount 110 employees Deadline for submitting bids: 19/05/2025
		Project “Better” Main features: Business: Industrial preparation of meat products Location: Midi-Pyrénées 2024 revenues: 11 M€ Headcount 75 employees Deadline for submitting bids: 24/04/2025
		Group of three printing companies Main features: Business: Commercial offset printing: printing of brochures, posters, flyers and other media, finishing and delivery – Graphic design Purchase and sale of stationery supplies, printing and typography, management of service provision to its subsidiaries Large-format signage workshop, as well as storage and kitting activities 2024 (18 months) revenues: Company 1: 6,66 M€ – Company 2: 3,95 M€ – Company 3: 1,11 M€ – 2023 revenues: Company 1: 5,12 M€ – Company 2: 4 M€ – Company 3: 3,77 M€ Headcount: Company 1: 28 employees – Company 2: 26 employees – Company 3: 15 employees Deadline for submitting bids: 28/04/2025
		Lener Cordier Main features: Business: Manufacturing outerwear Location: Hazebrouck (Hauts de France) Company registration number: 308 199 140 2024 revenues: 10,9 M€ Headcount 45 employees Deadline for submitting bids: 07/05/2025
		Road haulage company Main features: Business: Road haulage company Location: Var 2024 revenues: 10 M€ Headcount 85 employees Deadline for submitting bids: 12/05/2025
		Equipements de production hydrogène Main features: Business: Company manufacturing and installing hydrogen production equipment for the industrial, mobility and energy sectors – Holding company for a group with subsidiaries in Germany and Italy 2023 revenues: 13,1 M€ – 2023 consolidated revenues: 18,8 M€ Headcount: Company: 80 employees – Consolidated: 211 employees Deadline for submitting bids: 09/05/2025
		Insulation materials Main features: Business: Trade and distribution of insulation materials (specialising in thermal insulation) Location: La Courneuve (Seine-Saint-Denis) 2024 revenues: 9,1 M€ Headcount 34 employees Deadline for submitting bids: 05/05/2025
		MC Trans – Transports Crouzet Frères – Transports Crouzet Vrac – A2CM Transports Main features: Business: A recognised road haulage operator Location: Occitanie and Nouvelle Aquitaine Company registration number: MC Trans : 909 937 575 – Transports Crouzet Frères : 326 057 718 – Transports Crouzet Vrac : 911 719 284 – A2CM Transports : 815 081 385 2024 revenues: MC Trans : 741 K€ – Transports Crouzet Frères : 4,8 M€ – Transports Crouzet Vrac : 2,7 M€ – A2CM Transports : 1,5 M€ Headcount: MC Trans : 9 employees – Transports Crouzet Frères : 27 employees – Transports Crouzet Vrac : 17 employees – A2CM Transports : 11 employees Deadline for submitting bids: 23/05/2025
		Distillerie Vinet-Delpech Main features: Business: Distillery: Activities in France and abroad: custom bottling of bottles, distillation of various products (cognacs, whiskies, vodkas, gins, etc.), sale of bulk spirits, storage of dry materials, etc. Location: Brie-sous-Archiac (Charente-Maritime) Company registration number: 527 250 120 2023 revenues: 8,5 M€ – 2022 revenues: 8 M€ – 2021 revenues: 7,8 M€ Headcount 22 employees Deadline for submitting bids: 16/05/2025
		Hydraulic circuits and machines Main features: Business: Design and production of hydraulic circuits and machines. Sales of related spare parts Location: Company 1: Romans sur Isère – Company 2: Genas – Company 3: La Réunion – Company 4: Montélimar Consolidated revenues 2023: 8,4 M€ Headcount: Company 1: 9 employees – Company 2: 2 employees – Company 3: 7 employees – Company 4: 4 employees Deadline for submitting bids: 20/05/2025
		Confectionery sales Main features: Business: Marketing of confectionery, biscuit products, chocolate products, ice creams, sorbets, sugared almonds and all other related products, manufactured by the parent company for which the search for potential buyers is also underway Location: Frontignan (Hérault) 2024 revenues: 7,9 M€ – 2023 revenues: 8,4 M€ – 2022 revenues: 7,6 M€ Headcount 70 employees Deadline for submitting bids: 14/05/2025
		Continuous training Main features: Business: Continuing training (adults) Location: Bouches-du-Rhône 2024 revenues: 7,5 M€ – 2023 revenues: 7,2 M€ – 2022 revenues: 7 M€ Headcount 35 employees Deadline for submitting bids: 19/05/2025
		TLDM Main features: Business: Company specialising in refrigerated transport (main activity) and containers in the South-South/East region of France Location: Toulouse (Haute-Garonne) 2024 revenues: 6,9 M€ – 2023 revenues: 7,4 M€ Headcount 39 employees Deadline for submitting bids: 16/05/2025
		Mountain hotels Main features: Business: Mountain hotels Location: La Plagne, Les Menuires, Saint Véran, Valloire (Headquarter: Chambéry) 2023 revenues: 6,6 M€ Headcount 7 employees Deadline for submitting bids: 05/05/2025
		Building and renovation work Main features: Business: Two companies specialising in building and renovation work, in particular of primary residences, for private individuals under the brand name Location: Company 1: Oise – Company 2: Seine Maritime 2024 revenues: Company 1: 3,8 M€ – Company 2: 1,6 M€ Headcount: Company 1: 18 employees – Company 2: 10 employees Deadline for submitting bids: 09/05/2025
		Manufacture and sale of all plastic components Main features: Business: Manufacture and sale of all plastic components such as joinery, shutters, cladding, ventures parisiennes, casement shutters, etc. Location: Haute Garonne 2024 revenues: 4 M€ Headcount 22 employees Deadline for submitting bids: 23/04/2025
		Magazine dedicated to cinema Main features: Business: Publishing company of a magazine dedicated to cinema 2024 revenues (project): 3,2 M€ – 2023 revenues: 2,9 M€ – 2022 revenues: 3,3 M€ Headcount 13 employees Deadline for submitting bids: 05/05/2025
		Wood industry Main features: Business: Sawing, planing, wood shaping, maritime pine wood industry in the Forêt de Gascogne Location: Lot-et-Garonne 2024 revenues: 3,3 M€ Headcount 19 employees Deadline for submitting bids: 02/05/2025
		Streaming platform Main features: Business: Fast-growing global video streaming platform providing white-label applications and services to international and French sports and media organisations 2024 revenues: 3,3 M€ Headcount 12 employees Deadline for submitting bids: 09/05/2025
		Verney-Carron Main features: Business: Design, manufacture and sale of weapons, in particular: hunting weapons for the civilian market, defence weapons for the internal security of States and private individuals, as well as for the armed forces and sports shooters Location: Saint-Etienne (Loire) Company registration number: 574 501 557 2024 revenues (project): 3,2 M€ – 2023 revenues: 5,4 M€ – 2022 revenues: 7,9 M€ – 2021 revenues: 9,2 M€ Headcount 67 employees Deadline for submitting bids: 05/05/2025
		Manufacture of electronic boards Main features: Business: Company manufacturing electronic boards, wire cabling and component assembly Location: Eure 2023 revenues: 2,8 M€ Headcount 57 employees Deadline for submitting bids: 05/05/2025
		Novatel IT France Main features: Business: With 12 years of international expertise and since 2017 in France, our core business is the deployment and maintenance of fixed and mobile networks, as well as the execution of turnkey projects, from design to implementation Location: Montigny Le Bretonneux (Yvelines) Company registration number: 829 872 985 2024 revenues: 2,6 M€ – 2023 revenues: 5 M€ Headcount 18 employees Deadline for submitting bids: 13/05/2025
		Notary office Main features: Business: Traditional notary’s office, mainly assisting private individuals in the following areas: family (inheritance, estate management); real estate (sales, loans, co-ownership regulations, easements) Location: Paris 2023 revenues: 1,5 M€ – 2022 revenues: 1,9 M€ Headcount 8 employees Deadline for submitting bids: 05/05/2025