Distressed acquisition opportunities – 24 november 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)

		Maison Captain Main features: Business: Group comprising: • A holding company: strategic and financial management (under safeguard proceedings) • Three operating companies: a Group support/logistics division and two sales divisions in France and Switzerland (design, development and distribution) comprising a network of 2,200 sales advisers (registered as door-to-door salespeople) Location: Aix-en-Provence (Bouches du Rhône) Company registration number: 844 045 245 2024 revenues: 46,9 M€ – 2023 revenues: 35,8 M€ – 2022 revenues: 30,9 M€ Headcount 62 employees Deadline for submitting bid: 23/01/2026
		Manufacture of bi-stretched films Main features: Business: Group specialising in the design, manufacture and installation of production lines for the manufacture of biaxially stretched films for technical and specialised applications 2024 revenues: Holding: 367 K€ – Operating company: 46,6 M€ Headcount: Holding: 0 employee – Operating company: 47 employees Deadline for submitting bid: 04/12/2025
		Medic All Main features: Business: Rental and sale of medical and paramedical equipment in France and abroad Location: Libercourt (Pas de Calais) Company registration number: 422 966 614 2024 revenues: 12,7 M€ – 2023 revenues: 12,1 M€ Headcount 13 employees Deadline for submitting bid: 01/12/2025
		Kulker Main features: Business: Company specialising in agricultural irrigation Location: Cheval Blanc (Vaucluse) and Borgo (Eure) Company registration number: 836 950 238 2024 revenues: 11,8 M€ Headcount 24 employees Deadline for submitting bid: 19/12/2025
		Childcare industry Main features: Business: Childcare industry (manufacture of car seats, pushchairs, high chairs, travel cots, mattresses, accessories, industrial expertise, patents in child car safety) Location: Région lyonnaise 2024 revenues: 8,7 M€ – 2023 revenues: 10,3 M€ – 2022 revenues: 10,7 M€ Headcount 40 employees Deadline for submitting bid: 09/01/2026
		Clinique du Louvre Main features: Business: Clinic, hospital activities Location: Paris 2024 revenues: 8,5 M€ Headcount 43 employees Deadline for submitting bid: 15/12/2025
		Domino’s Pizza franchise fast food restaurant Main features: Business: Domino’s Pizza franchise fast food restaurant Location: Cesson-Sévigné and Rennes (Ille-et-Vilaine), Avranches (Manche), Dieppe (Seine Maritime) 2024 revenues: Cesson, Rennes City Center and South: 2,6 M€ – Rennes North: 654 K€ – Rennes West: 969 K€ – Avranches: 289 K€ – Dieppe: 435 K€ Headcount 96 employees Deadline for submitting bid: 10/12/2025
		Etablissements Le Coadou Main features: Business: Precision machining/mechanical engineering for industrial clients operating in sectors including aeronautics, aerospace, railways and automotive Location: Gaillon (Eure) Company registration number: 327 167 011 2025 revenues: 3,6 M€ Headcount : 32 experienced staff members and six trainees Deadline for submitting bid: 15/12/2025
		La clinique tous vents Main features: Business: Ophthalmic, gastroenterological, stomatological, orthopaedic, visceral, ENT, reconstructive and gynaecological surgery Location: Lillebonne (Seine Maritime) Company registration number: 351 480 538 2024 revenues: 3,1 M€ – 2023 revenues: 2,7 M€ – 2022 revenues: 2,9 M€ Headcount 48 employees Deadline for submitting bid: 12/12/2025
		Gardens and landscaping Main features: Business: Garden design – Outdoor landscaping – Landscape maintenance – Private clients Location: Bas-Rhin 2024 revenues: 2,9 M€ Headcount 22 employees Deadline for submitting bid: 18/12/2025
		Laboratoires Kosmeto Main features: Business: Design, manufacture and packaging of professional products for the hair and body cosmetics markets Location: Harnes (Pas de Calais) Company registration number: 339 606 345 2025 revenues: 2,8 M€ – 2024 revenues: 3,6 M€ Headcount 27 employees Deadline for submitting bid: 10/12/2025
		SAS Fixage Main features: Business: Actuarial consulting, risk management and performance improvement 2025 revenues (forecasts): 2,6 M€ – 2024 revenues: 5,6 M€ Headcount 23 employees Deadline for submitting bid: 19/12/2025
		Pastel & filiales (network Pastel Cycles) Main features: Business: A network of three shops specialising in the sale of bicycles and accessories, repairs and services for cyclists in Paris Location: Paris 2024 revenues: 2,3 M€ Headcount 9 employees Deadline for submitting bid: 15/12/2025
		Men Ar Gall Main features: Business: Manufacturing, design, furniture fittings Location: Vannes (Morbihan) and Loudéac (Côtes d’Armor) Company registration number: 408 535 995 2024 revenues: 1,5 M€ Headcount 13,8 employees Deadline for submitting bid: 22/12/2025
		Manufacture of cast iron parts Main features: Business: Manufacture of cast iron parts Location: Indre-et-Loire 2024 revenues: 1,5 M€ Headcount 15 employees Deadline for submitting bid: 16/12/2025