Distressed acquisition opportunities – 19 may 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).

		Keria Main features: Business: Trade in lighting fixtures and household linen and operation of the keria.com website Location: Headquarters: Echirolles (Isère) and 62 stores throughout France Company registration number: KLS : 983 912 700 – KLH : 982 539 090 2024 revenues: KLS : 11,4 M€ -KLH : 29,2 M€ Headcount: KLS : 243 employees – KLH : 32 employees Deadline for submitting bid: 23/06/2025
		Veracyte Main features: Business: Company specialising in the development and manufacture of in vitro tests and the provision of services for the pharmaceutical industry, divided into three profit centres: – custom development of IVD medical devices, tests and kits; custom manufacture of IVD genomic test kits; custom research services for the development of oncological drugs (biopharma) Location: Marseille (Bouches-du-Rhône) Company registration number: 419 091 095 2024 revenues (project): 27,2 M€ Headcount 157 employees Deadline for submitting bid: 13/06/2025
		Groupe Féraud Main features: Business: Company distributing general hardware products to professional customers Location: Marseille (Bouches-du-Rhône) Company registration number: 059 805 416 2024 revenues: 26 M€ Headcount 55 employees Deadline for submitting bid: 16/06/2025
		Sale of designer and contemporary furniture Main features: Business: Sale of designer and contemporary furniture and interior design solutions for private, public and commercial spaces, through several showrooms located in the South of France Location: Gard 2024 revenues: 17,3 M€ – 2023 revenues: 17,8 M€ – 2022 revenues: 29,8 M€ Headcount 31 employees Deadline for submitting bid: 13/06/2025
		Electronic component manufacturer Main features: Business: Manufacturer of electronic components in small, medium and large series of special machines – Manufacture of electronic products on flexible supports – Manufacture of automated and robotised industrial machines 2024 revenues (project) : 14 M€ – 2023 revenues: 18,2 M€ – 2024 revenues: 23,9 M€ – 2021 revenues : 33 M€ Headcount 141 employees Deadline for submitting bid: 23/06/2025
		Carpentry – locksmithing Main features: Business: Carpentry, locksmithing, façade equipment Location: Val d’Oise 2023 revenues: 10,7 M€ Headcount 15 employees Deadline for submitting bid: 06/06/2025
		Manufacture of metal products Main features: Business: Manufacture of metal products: Precision sheet metal work, assembly and integration Location: Ile de France 2024 revenues : 7,3 M€ – 2023 revenues: 9 M€ Headcount 54 employees Deadline for submitting bid: 06/06/2025
		Masonry – Renovation Main features: Business: All masonry, construction and renovation work. Structural work, civil engineering and general contracting – Types of projects: Multi-family housing, commercial buildings, public facilities, car parks, architect-designed villas Location: Drôme and Alpes Maritimes 2024 revenues (project): 7,1 M€ – 2023 revenues: 9 M€ Headcount 23 employees Deadline for submitting bid: 24/06/2025
		Exterior joinery Main features: Business: Exterior joinery for private contracts (90%) and public contracts (10%) Location: Seine Saint Denis 2023 revenues : 6,3 M€ Headcount 15 employees Deadline for submitting bid: 23/05/2025
		Precision forging and stamping Main features: Business: This family-owned company (since 1912) specialises in precision forging and stamping. Its customer base mainly consists of European companies in the hydraulics, handling and automotive sectors. The company owns its industrial premises (approximately 5 hectares). Location: Les Hautes Rivières (Allier) 2024 revenues: 4,7 M€ Headcount 54 employees Deadline for submitting bid: 11/06/2025
		Air conditioning system supplier Main features: Business: Air conditioning system supplier: All installation and after-sales services for air conditioning, heating, ventilation and sanitary systems, as well as wholesale and retail sales. Location: Ensisheim (Bas-Rhin) 2024 revenues: 4,4 M€ Headcount 19 employees Deadline for submitting bid: 02/06/2025
		Ouanne Agri Main features: Business: Sale, maintenance and repair of new and used agricultural equipment, particularly as a sales agent for a dealer. Location: Ouanne (Yonne) Company registration number: 421 324 468 2024 revenues: 4,4 M€ – 2023 revenues: 4,2 M€ – 2022 revenues: 3,9 M€ Headcount 8 employees Deadline for submitting bid: 03/06/2025
		Fauchon Baudot Réfractaires Main features: Business: Manufacture of refractory products Location: Paray-le-Monial (Saône et Loire) Company registration number: 838 372 589 2024 revenues: 4,3 M€ – 2023 revenues: 4,2 M€ – 2022 revenues: 3,3 M€ Headcount 43 employees Deadline for submitting bid : 25/06/2025
		Custom stone cutting Main features: Business: Custom stone cutting (edging, slabs, paving stones, garden furniture, funerary monuments, etc.) for local authorities, private groups, contractors and individuals. Location: Lozère 2024 revenues: 3,1 M€ – 2023 revenues 3,6 M€ Headcount 35 employees Deadline for submitting bid : 30/06/2025
		Maison Mulot Main features: Business: Bakery, Pastry Shop, Caterer Location: Paris 2024 revenues: 2,9 M€ – 2023 revenues: 3,5 M€ Headcount 43 employees Deadline for submitting bid: 02/06/2025
		La Distillerie de la Rive droite (Maison Lineti) Main features: Business: Distillery Location: Les Artigues de Lussac (Gironde) Company registration number 851 708 594 2024 revenues: 412 K€ Headcount 5 employees Deadline for submitting bid: 06/06/2025