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 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).


		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