immeuble-franklin

Distressed acquisition opportunities – 22 september 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 RengotLaura 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)

Groupe Alteor

Main features:

  • Business: The Group is involved in various activities: modular timber construction and leisure homes and marketing, automatic vending machines for 24-hour product sales, signage development and modular space installation, modular timber frame construction and real estate.
  • Location: Aix-en-Provence (Bouches-du-Rhône)
  • Company registration number: 438 790 842
  • Revenues as at 30 June 2024 (18 months): 9.5 M€
  • Headcount 80 employees
  • Deadline for submitting bid: 29/09/2025

Dioxytech Engineering

Main features:

  • Business: Engineering and provision of highly qualified services to businesses, consulting, studies, assistance, maintenance, recruitment consulting, training
  • Location: Aix-en-Provence (Bouches-du-Rhône)
  • Company registration number: 792 844 938
  • 2025 revenues (5 months) : 6,6 M€ – 2024 revenues : 13,9 M€ – 2023 revenues : 10,3 M€ – 2022 revenues : 10,4 M€
  • Headcount 145 employees
  • Deadline for submitting bid: 27/10/2025
Installation of photovoltaic panels

Main features:

  • Business: Installation of photovoltaic panels (B2B & B2C)
  • Location: Thonon-les-Bains (Haute Savoie) et Saint-Égrève (Isère)
  • 2024 revenues: 6,2 M€ – 2023 revenues: 6,4 M€ – 2022 revenues: 3,1 M€
  • Headcount 20 employees
  • Deadline for submitting bid: 14/11/2025

Papeteries de Montségur

Main features:

  • Business: Manufacture and sale of tissue paper for the luxury goods sector
  • Location: Montségur-Sur-Lauzon (Drôme)
  • Company registration number: 622 980 324
  • 2024 revenues: 4,3 M€
  • Headcount 21 employees
  • Deadline for submitting bid: 13/10/2025

Poly concept agencement

Main features:

  • Business: Company specialising in the design, assembly and installation of bespoke furniture for commercial spaces. It offers a comprehensive service, from design to installation of bespoke furniture. Its in-house design office creates customised solutions tailored to the technical constraints and identity of each client.
  • Location: Thouars (Deux Sèvres)
  • Company registration number: 504 836 180
  • 2024 revenues: 4,2 M€ – 2023 revenues: 2,7 M€ – 2022 revenues: 4,5 M€
  • Headcount 16 employees
  • Deadline for submitting bid: 20/10/2025

Bureau entreprise – Davenir aménagement – Davenir clim

Main features:

  • Business: Group specialising in electrical installations, heating systems, air conditioning and interior fittings (painting, plastering, partitions, floor and wall coverings)
  • Location: Egly (Essonne)
  • Company registration number: Bureau entreprise : 452 752 173- Davenir aménagement : 913 405 916 – Davenir clim : 912 253 986
  • 2023 revenues: Bureau entreprise : 2,5 M€ – Davenir aménagement : 0,9 M€ – Davenir clim : 0,9 M€
  • Headcount 42 employees
  • Deadline for submitting bid: 03/10/2025

Carpentry – Restoration

Main features:

  • Business: Company specialising in carpentry, varnishing and lacquering of all furniture items or industrial materials for protection and restoration purposes.
  • Location: Gironde
  • 2024 revenues: 3,2 M€
  • Headcount 30 employees
  • Deadline for submitting bid: 15/10/2025

Organisation of receptions and events

Main features:

  • Business: Organisation of receptions and events, catering specialising in the fashion industry and weddings in the Paris region for over 10 years
  • Location: Bouafle (Yvelines)
  • 2024 revenues: 2,6 M€ – 2023 revenues: 3,4 M€ – 2022 revenues: 3 M€
  • Headcount 14 employees
  • Deadline for submitting bid: 20/10/2025

Pavillon des canaux

Main features:

  • Business: Operation of a third place under the name ‘Le Pavillon des Canaux’ specialising in catering and the organisation of cultural events (exhibitions, creative and educational workshops, concerts)
  • Location: Paris
  • 2024 revenues: 1,9 M€ – 2023 revenues: 2,1 M€ – 2022 revenues: 2,1 M€
  • Headcount 18 employees
  • Deadline for submitting bid: 20/10/2025

D-Codes

Main features:

  • Business: Management and marketing of a database representative of the French population, offering a wealth of unprecedented information (data providing, consulting & native advertising)
  • Location: Neuilly-sur-Seine (Hauts-de-Seine)
  • Company registration number: 841 343 353
  • 2024 revenues: 1,3 M€ – 2023 revenues: 2,1 M€ – 2022 revenues: 0,8 M€
  • Headcount 10 employees
  • Deadline for submitting bid: 06/10/2025

Bar, restaurant and coffee shop « Au bureau »

Main features:

  • Business: Operation of a bar, restaurant and café under the name ‘Au bureau’
  • Location: Lyon (Rhône Alpes)
  • 2024 revenues: 1,3 M€
  • Headcount 17 employees
  • Deadline for submitting bid: 12/11/2025

Café, bar, pub-style restaurant

Main features:

  • Business: Café, bar, pub-style restaurant
  • Location: Roissy-en-France (Val d’Oise)
  • 2024 revenues: 1,2 M€ – 2023 revenues: 0,9 M€ – 2022 revenues: 1,2 M€
  • Headcount 19 employees
  • Deadline for submitting bid: 10/10/2025

Repair and installation of machinery and equipment

Main features:

  • Business: Repair and installation of machinery and equipment
  • Location: Indre
  • 2024 revenues: 1 M€ – 2023 revenues: 1,5 M€
  • Headcount 8 employees
  • Deadline for submitting bid: 31/10/2025

Machining, manufacturing and marketing of aluminium profiles

Main features:

  • Business: Machining, manufacturing, marketing of aluminium profiles, assembly and programming of automation systems for home automation
  • Location: Venelles (Bouches du Rhône)
  • 2023 revenues: 0,8 M€
  • Headcount 7 employees
  • Deadline for submitting bid: 03/10/2025