Distressed acquisition opportunities – 1st december 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)

		Alinéa Main features: Business: Furniture and decoration retailer Company registration number: 832 901 219 2024 revenues: 161 M€ Headcount 1 116 employees Deadline for submitting bid: 26/01/2026
		Catering and meal services Main features: Business: Catering and meal services for airlines based at Orly Airport 2024 revenues: 58,1 M€ – 2023 revenues: 64,8 M€ Headcount 375 employees Deadline for submitting bid: 18/12/2025
		Bernaud Bâtiment 26 Main features: Business: Design and construction of all types of buildings; construction and refurbishment of new structures as separate trades or as a general contractor Location: Beaumont-les-Valence (Drôme) Company registration number: 323 703 769 2024 revenues: 15,1 M€ Headcount 65 employees Deadline for submitting bid: 09/01/2026
		ACI D&N (Rabourdin) Main features: Business: The performance of all general and precision mechanical work, die-stamping for the manufacture of screws and related products; the purchase, sale, import and export of all equipment and products, mechanical spare parts Location: Saint-Pierre-en-Faucigny (Haute-Savoie) Company registration number: 889 698 502 2025 revenues: 12,5 M€ Headcount 99 employees Deadline for submitting bid: 12/01/2026
		Maison Demarle Main features: Business: Design and manufacture of flexible baking moulds and trays Location: Lille metropolitan area Company registration number: 950 080 465 2024 revenues: 11,8 M€ – 2023 revenues: 10,3 M€ Headcount 74 employees Deadline for submitting bid: 15/12/2025
		Etablissements Molliex Frères Main features: Business: Precision turning and machining for industry Location: Cluses (Haute-Savoie) Company registration number: 607 020 765 2025 revenues (estimate) : 11,2 M€ Effectif : 28 salariés – 42 ETP Deadline for submitting bid: 19/12/2025
		Via Transports Main features: Business: Land freight transport and logistics platform Location: Val-de-Marne, Rhône and Alpes-Maritimes 2024 revenues: 9,5 M€ – 2023 revenues: 10,4 M€ – 2022 revenues: 11,5 M€ Headcount 25 employees Deadline for submitting bid: 16/12/2025
		Lorentz Groupe (ACI Groupe) Main features: Business: Manufacture and machining of precision metal parts (defence, aeronautics, space, energy) Location: Bornel (Oise) 2025 revenues: 8,2 M€ Headcount 70 employees Deadline for submitting bid: 12/01/2025
		Société Corse de distribution Main features: Business: MVNO operator – Company selling all telecommunications products and services under the Corse GSM brand name Location: Corsica and partner distributors throughout France 2024 revenues: 7,9 M€ Headcount 38 employees Deadline for submitting bid: 09/01/2026
		Architectural agency Main features: Business: Internationally renowned agency specialising in architecture, urban planning and museography, in France and abroad; projects in the cultural, residential, tertiary and institutional sectors, with high creative and technical standards Location: Headquarters in Paris, projects in France and internationally 2024 revenues: 7,1 M€ – 2023 revenues: 5,6 M€ – 2022 revenues: 6,4 M€ Headcount 32 employees Deadline for submitting bid: 17/12/2025
		LBY Meca (ACI Groupe) Main features: Business: Precision engineering, carrying out machining, turning and milling operations to specifications for industrial clients Location: Toulouse (Garonne) 2025 revenues: 5,8 M€ Headcount 30 employees Deadline for submitting bid: 12/01/2026
		Label Gamme (Veranda Confort) Main features: Business: Manufacture and installation of conservatories Location: La Plaine (Seine Maritime) 2024 revenues: 5,3 M€ Headcount 28 employees Deadline for submitting bid: 05/01/2026
		Advice and trade in wines and spirits Main features: Business: Advice and distance selling (by telephone) of wines and spirits Location: Rhône 2024 revenues: 5,1 M€ Headcount 41 employees Deadline for submitting bid: 26/01/2026
		Design and construction of industrial and IT installations Main features: Business: Design and construction of industrial and IT installations Location: Laxou (Meurthe-et-Moselle) 2024 revenues: 4,2 M€ Headcount 24 employees Deadline for submitting bid: 22/12/2025
		MPR (ACI Groupe) Main features: Business: Precision turning, industrial mechanics and mechanical parts Location: Thyez (Haute-Savoie) 2025 revenues: 3,2 M€ Headcount 41 employees Deadline for submitting bid: 12/1/2026
		Demos Outsourcing Main features: Business: Consultancy on managing corporate training plans Location: Nanterre (Hauts-de-Seine) Company registration number: 331 074 948 2024 revenues: 1,8 M€ Headcount 17 employees Deadline for submitting bid: 19/12/2025
		Association Hermione La Fayette Main features: Business: Preservation and restoration of the replica of the frigate Hermione; tourism attraction (200,000 visitors per year); training organisation; innovation and research activities Location: Rochefort (Charentes Maritime) 2024 revenues: 1,5 M€ Headcount 17 employees and 327 volunteers Deadline for submitting bid: 05/01/2026