immeuble-franklin

Distressed acquisition opportunities – 7 july 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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Amapa

Main features:

  • Business: Medical and social institutions
  • Location: Grand Est
  • Company registration number: 791 079 858
  • 2024 revenues: 123 M€ – CA 2023 : 137 M€ – CA 2022 : 128 M€
  • Headcount 4200 employees
  • Deadline for submitting bid: 30/09/2025
fenetre reprise logis service

Manufacture and sale of metal and PVC windows

Main features:

  • Business: Manufacture and sale of metal and PVC windows
  • Location: Seine Maritime
  • 2024 revenues (provisoire) : 13,8 M€ – 2023 revenues : 18,9 M€ – 2022 revenues: 22,9 M€
  • Deadline for submitting bid: 25/07/2025

Manufacture of numerically controlled equipment

Main features:

  • Business: Manufacture of numerically controlled equipment
  • Location: Tarn
  • 2024 revenues: 13 M€ – 2023 revenues: 17,4 M€ – 2022 revenues: 20,5 M€
  • Headcount 100 employees

Sale of firefighting equipment

Main features:

  • Business: Sale of firefighting equipment, personal protective equipment, workwear and equipment, related services (customer advice and support, rental and maintenance)
  • Location: Seine Maritime and Loire Atlantique
  • 2024 revenues: 10,6 M€
  • Headcount 36 employees
  • Deadline for submitting bid: 11/07/2025

Wholesale and retail trade

Main features:

  • Business: Wholesale and retail trade
  • Location: Montélimar and Pierrelatte (Drôme)
  • 2024 revenues: 7,1 M€
  • Headcount 13 employees
  • Deadline for submitting bid: 23/07/2025

Moulded laminated wood table tops

Main features:

  • Business: Manufacture and sale of moulded laminated wood table tops
  • Location: Nouvelle Aquitaine
  • 2024 revenues: 7 M€
  • Headcount 40 employees
  • Deadline for submitting bid: 28/07/2025

Carmat

Main features:

  • Business: Design, production and marketing of artificial hearts
  • Location: Vélizy-Villacoublay et Bois d’Arcy (Yvelines)
  • 2025 revenues (T1): 2,4 M€ – 2024 revenues: 7 M€ – 2023 revenues: 3 M€
  • Headcount 135 employees
  • Deadline for submitting bid: 31/07/2025

Manufacture of silos and tanks

Main features:

  • Business: Manufacture of silos and tanks
  • Location: Loiret
  • 2025 revenues (31/03) : 4 M€ – 2024 revenues: 6,5 M€
  • Headcount 38 employees
  • Deadline for submitting bid: 25/07/2025

ASCDM

Main features:

  • Business: Dental clinic
  • Location: Viry-Châtillon and Le Blanc Mesnil
  • Company registration number: 824 330 286
  • Revenues: 6 M€
  • Headcount 44 employees
  • Deadline for submitting bid: 28/07/2025

Jipé

Main features:

  • Business: Off-site construction company, sales, export and rental for all sectors, fire-resistant structures, stackable up to eight storeys high
  • Location: Hattonchâtel (Meuse)
  • Company registration number: 423 229 442
  • 2024 revenues: 3,9 M€
  • Headcount 32 employees
  • Deadline for submitting bid: 04/08/2025

Tolartois Nouvelle

Main features:

  • Business: Manufacture and supply of perforated and cut products or sheet metal work – metal cladding for facades
  • Location: Annezin (62)
  • 2024 revenues (project): 3,3 M€ – 2023 revenues: 2,6 M€
  • Headcount 18 employees
  • Deadline for submitting bid: 30/07/2025

Wargame Spirit

Main features:

  • Business: Retail sale of games and toys
  • Location: Grenoble (Isère)
  • Company registration number: 529 151 391
  • 2024 revenues: 2,9 M€ – 2023 revenues: 2,8 M€ – 2022 revenues: 1,8 M€
  • Headcount 14 employees
  • Deadline for submitting bid: 05/09/2025
centre-formation

B2B training company

Main features:

  • Business: B2B training company
  • Location: Paris
  • Company registration number: 830 703 658
  • 2024 revenues: 2,8 M€ – 2023 revenues: 3,3 M€ – 2022 revenues: 4,3 M€
  • Headcount 10 employees
  • Deadline for submitting bid: 31/07/2025