immeuble-franklin

Distressed acquisition opportunities – 26 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 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).

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Axyntis

Main features:

  • Business:
    Company 1: Development and production of advanced intermediates and active ingredients for the pharmaceutical industry, as well as molecules for the cosmetics market
    Company 2: Development and production of dyes for various industries, including the petroleum and paper industries
    Company 3: Production of advanced intermediates and active ingredients, including around 20 generics for the pharmaceutical industry, with the support of adopted regulations
  • Location: Company 1 : Centre Val de Loire – Company 2 : Normandy – Company 3 : PACA area and 62 shops located throughout the country
  • Company registration number: 494 439 235
  • 2024 revenues: Company 1 : 29,7 M€ – Company 2 : 26,5 M€ – Company 3 : 11,2 M€
  • Headcount: Company 1 : 162 employees – Company 2 : 53 employees – Company 3 : 50 employees
  • Deadline for submitting bids: 15/07/2025

Groupe Aqualung

Main features:

  • Business: Group specialising in the manufacture and distribution of scuba diving and swimming equipment
  • Company registration number: Alizé Capital : 822 826 509 – Aqualung Corporate : 823 142 203
  • 2023 revenues: Alizé Capital : 1,6 M€ – Aqualung Corporate : 17 M€
  • Headcount: Alizé Capital : 0 employee – Aqualung Corporate : 97 employees
  • Deadline for submitting bids: 30/05/2025

Syndicat régional agricole de Cadillac

Main features:

  • Business: Supply of fertilisers, seeds, trellising and plant protection products to local farmers and third parties belonging to the union.
  • Location: Gironde
  • Company registration number: 059 805 416
  • 2024 revenues: 9,9 M€
  • Headcount 18 employees
  • Deadline for submitting bids: 06/06/2025

E-commerce platform in the world of decoration and design

Main features:

  • Business: E-commerce platform in the world of decoration and design
  • Location: Paris
  • 2024 revenues: 7,9 M€ – 2023 revenues: 8,9 M€ – 2022 revenues: 10,1 M€
  • Headcount 17 employees
  • Deadline for submitting bids: 10/06/2025

Capelec

Main features:

  • Business: Manufacture of electronic cards, cable harnesses and mechatronic assembly integration
  • Location: Miniac-Morvan (Ille-et-Vilaine)
  • Company registration number: 321 783 383
  • 2024 revenues: 5,7 M€
  • Headcount 35 employees
  • Deadline for submitting bids: 20/06/2025

Higher education apprenticeships

Main features:

  • Business: Company specialising in higher education apprenticeships
  • Location: 1 establishment located in Paris
  • 2024 revenues: 5,7 M€
  • Headcount 44 employees
  • Deadline for submitting bids: 30/05/2025

Les Magasins Jean – Enseigne Printemps

Main features:

  • Business: Retail clothing business under the ‘Printemps’ brand name
  • Location: Brest (Finistère)
  • Company registration number: 303 469 332
  • 2023 revenues: 4,3 M€
  • Headcount 30 employees
  • Deadline for submitting bids: 25/06/2025

Sale of recreational vehicles

Main features:

  • Business: Sale of new and used recreational vehicles, recreational vehicle rental, maintenance and repair services
  • Location: La Flamengrie (Aisne)
  • Company registration number: 424 660 611
  • 2024 revenues: 3,8 M€ – 2023 revenues: 3,8 M€
  • Headcount 9 employees
  • Deadline for submitting bids: 01/08/2025
Repair and sale of agricultural equipment

Main features:

  • Business: Repair shop and sales outlet for agricultural, wine-growing and landscaping equipment
  • Location: Aube
  • 2023 revenues: 3,7 M€
  • Headcount 9 employees
  • Deadline for submitting bids: 03/07/2025

Steel design and parts manufacturing

Main features:

  • Business: Steel design and manufacture of single or series parts by bending, cutting and welding
  • Location: Ardèche
  • 2024 revenues: 2,2 M€
  • Headcount 13 employees
  • Deadline for submitting bids: 03/06/2025

Allecra Therapeutics

Main features:

  • Business: Research, distribution, marketing and distribution of pharmaceutical and biopharmaceutical products for medical use
  • Location: Saint-Louis (Haut-Rhin)
  • Company registration number: 535 179 766
  • 2023 revenues: 2,2 M€
  • Headcount 2 employees
  • Deadline for submitting bids: 17/06/2025

Food retail and household goods

Main features:

  • Business: Food trade and household equipment: distribution, import, export, trading, services, distribution of products related to beauty care and fitness, fund management
  • Location: Paris
  • 2024 revenues: 1,9 M€
  • Headcount 8 employees
  • Deadline for submitting bids: 13/06/2025
 

Manufacture of dental prostheses

Main features:

  • Business: Operation of two businesses manufacturing customised dental prostheses of various types, such as conventional and implant-supported dentures and partial dentures, as well as using digital methods
  • Location: Amboise (Indre-et-Loire)
  • 2024 revenues: 1,1 M€
  • Headcount 14 employees
  • Deadline for submitting bids: 30/06/2025

Handling equipment

Main features:

  • Business: Manufacture of customised handling and lifting equipment
  • Location: Lyon area
  • Revenues (march 2025) : 964 K€
  • Headcount 7 employees
  • Deadline for submitting bids: 10/06/2025

Company specialising in CRM integration

Main features:

  • Business: ESN (digital services companies) specialising in CRM integration
  • Location: Hauts de France
  • 2024 revenues: 626 K€
  • Headcount 9 employees
  • Deadline for submitting bids: 23/06/2025

Syli Transport

Main features:

  • Business: Transport and parcel delivery company (subcontractor for La Poste / Colissimo)
  • Location: Pantin (Seine Saint Denis)
  • Company registration number: 851 017 046
  • 2024 revenues: 418 K€ – 2023 revenues: 447 K€ – 2022 revenues: 385 K€ – 2021 revenues: 625 K€
  • Headcount 10 employees
  • Deadline for submitting bids: 20/06/2025