Distressed acquisition opportunities – 11 august 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)

		Claire’s France Main features: Business: The French subsidiary of the international brand Claire’s specializes in the distribution of fashion accessories, costume jewelry, and beauty products at affordable prices. It also offers an ear piercing service at its points of sale 2024 revenues: 132 M€ – 2023 revenues: 142 M€ Headcount 1323 employees Deadline for submitting bid: 19/09/2025
		Chemistry group Main features: Business: Development and production of advanced intermediates and active ingredients for the pharmaceutical industry as well as molecules for the cosmetics market Location: Centre Val de Loire 2024 revenues: Company in receivership: 29,7 M€ – Subsidiary 1 in bonis: 26,5 M€- Subsidiary 2 in bonis: 11,2 M€ Headcount: Company in receivership: 162 employees – Subsidiary 1 in bonis: 53 employees – Subsidiary 2 in bonis: 50 employees Deadline for submitting bid: 10/09/2025
		Groupe Keria Main features: Business: Specializing in home design and decoration Location: France Deadline for submitting bid: 19/09/2025
		Digital services company Main features: Business: Digital services company (ESN) specializing in consulting and support for digital transformation Location: Montreuil (Seine-Saint-Denis) 2024 revenues: 31,4 M€ Headcount 112 employees Deadline for submitting bid: 17/09/2025
		Becoming Main features: Business: Consulting and communications company Location: Paris – Lille – Bruxelles Company registration number: 380 210 286 2024 revenues: 24 M€ Headcount 100 employees Deadline for submitting bid: 12/09/2025
		Transports Bonnard Main features: Business: Long and short distance courier and charter transport activity Location: Saint-Forgeux (Rhône) Company registration number: 726 480 189 2024 revenues: 20,6 M€ – 2023 revenues: 16,7 M€ – 2022 revenues: 17,9 M€ Deadline for submitting bid: 10/09/2025
		Sodaic Main features: Business: Cleaning and fitting out aircraft cabins, Searching for prohibited objects in aircraft cabins Location: Tremblay-en-France (Seine-Saint-Denis) Company registration number: 530 128 248 2024 revenues: 15,5 M€ Headcount 326 employees Deadline for submitting bid: 08/09/2025
		Saint Jean Industrie Lorraine Main features: Business: Precision mechanics, mainly machining for thermal engines in the automotive industry Location: Harol (Vosges) Company registration number: 327 114 526 2024 revenues: 15,4 M€ – 2023 revenues: 14 M€ Headcount 87 employees Deadline for submitting bid: 15/09/2025
		Groupe KNCO Main features: Business: Specializing in the design and distribution of eyeglass frames Location: Paris – Guichainville (Eure) Company registration number: 301 223 368 2024 revenues: 12,4 M€ – 2023 revenues: 12,7 M€ Headcount 50 employees Deadline for submitting bid: 02/09/2025
		Study and production of complex systems in industrial or military fields Main features: Business: Company specializing in the study and production of complex systems in industrial and military fields Location: Nice (Alpes maritimes) 2024 revenues: 10,7 M€ – 2023 revenues: 13,3 M€ Headcount 150 employees Deadline for submitting bid: 08/09/2025
		Protera Main features: Business: R&D of sustainable ingredients (food, cosmetics, health) via globally recognized proprietary AI and biotech Location: Neuilly-sur-Seine (Hauts-de-Seine) Company registration number: 881 925 630 2024 revenues: 9 M€ Headcount 6 employees Deadline for submitting bid: 25/08/2025
		Personal assistance company Main features: Business: Personal assistance company Location: Nice and Cagnes sur Mer (Alpes maritimes) 2024 revenues: 8,4 M€ – 2023 revenues: 8,7 M€ Headcount 240 employees Deadline for submitting bid: 19/09/2025
		SAS NEL Main features: Business: Online sales (mainly terrace plots) Location: Armentières (Nord) Company registration number: 829 196 914 2024 revenues: 8 M€ Headcount 32 employees Deadline for submitting bid: 27/08/2025
		Delaval Main features: Business: Specialist construction work, supply and installation of resilient floor coverings and interior finishing work Location: Courbevoie (Hauts-de-Seine) Company registration number: 672 038 809 2024 revenues: 7,2 M€ – 2023 revenues: 9,7 M€ Headcount 22 employees Deadline for submitting bid: 27/08/2025
		Mountain hotels Main features: Business: Mountain hotels Location: Chambéry (Savoie) 2024 revenues: 6,6 M€ Headcount 7 employees Deadline for submitting bid: 08/09/2025
		SAS Manhattan Main features: Business: Design, manufacture and installation of signs, advertising furniture (PVL) and displays Location: Marcigny (Saône-et-Loire) Company registration number: 423 617 893 2024 revenues: 6,4 M€ – 2023 revenues: 8,4 M€ – 2022 revenues: 11,5 M€ Headcount 39 employees Deadline for submitting bid: 10/09/2025
		Building and Construction Engineering Main features: Business: Design office specializing in building and construction engineering and energy renovation Location: Noisy le Grand (Seine-Saint-Denis), La Roche sur Yon (Vendée), Chambéry (Savoie) and Bordeaux (Gironde) 2024 revenues: 6,1 M€ – 2023 revenues: 6,4 M€ Headcount 45 employees Deadline for submitting bid: 29/08/2025
		1.08 Recyclage Main features: Business: Production of recycled plastics Location: Blyes (Ain) Company registration number: 851 988 758 2024 revenues: 4,9 M€ Deadline for submitting bid: 09/09/2025
		Kitchen designer – Envia Main features: Business: Marketing and installation of fitted kitchens under the trade name Envia Location: Loiret 2024 revenues: 4,5 M€ – 2023 revenues: 5,7 M€ Headcount 8 employees Deadline for submitting bid: 15/09/2025
		SAS Velours de Lyon – Soies de France (Blafo) Main features: Business: Velvet weaver, plain and jacquard warp, integrated in dyeing and finishing Location: Saint Just en Chevalet (Loire) and Decines-Charpieu (Rhône) Company registration number: 347 441 925 2023 revenues: 4,3 M€ – 2022 revenues: 4,6 M€ Deadline for submitting bid: 22/09/2025
		Plezi Main features: Business: Marketing digital B2B, solution SaaS Location: Paris and Marseille Company registration number: 814 540 373 2024 revenues: 2,4 M€ – 2023 revenues: 2,7 M€ Headcount 19 employees Deadline for submitting bid: 08/09/2025
		Valoregen Main features: Business: Mechanical and advanced recycling of flexible plastics into recycled polymers Location: Damazan (Lot-et-Garonne) Company registration number: 848 827 432 Headcount 50 employees Deadline for submitting bid: 29/08/2025
		Tourist residence Main features: Business: Sale of apartments located in a 5* tourist residence in Méribel subject to the liquidation of SCI Diorlee Investment Location: Méribel (Savoie) Deadline for submitting bid: 30/09/2025
		Villas Main features: Business: Two villas in Reunion Island subject to the liquidation of SCI Hercules Investment Location: Saint Denis (Réunion) Deadline for submitting bid: 30/09/2025