Published on 17 October 2025 by Mohamed Bouzenada
Distressed M&A Opportunities – October 17, 2025
Soulier Bunch presents its weekly selection of distressed M&A opportunities.
We assist entrepreneurs with acquisition projects throughout France and can provide targeted monitoring services (by industry, company size, etc.).
For further information, selection criteria, site visits, submit an acquisition offer, or access the data rooms, please contact our Partner in charge of our Restructuring & Insolveny Practice, Mohamed Bouzenada.
LEPAPE
Key information:
- Business activity: Network of 9 retail stores and an e-commerce platform dedicated to sports equipment
- Revenue: €60 million
- Workforce: 95 employees
- Location: Paris (+ 3 regional metropolitan areas)
- Deadline for submission of acquisition offers: November 12, 2025
COMPANY OPERATING IN THE COMMUNICATION AND DIGITAL MARKETING SECTOR
Key information:
- Business activity: Agency specialized in digital advertising, programmatic marketing, trading desk, and content marketing
- Revenue: €3.245 million (2024) / €1.9 million (expected as of December 31, 2025)
- Workforce: 10 employees
- Location: Three offices (Lyon, Nantes, Marseille)
- Deadline for submission of acquisition offers: November 17, 2025
SAS EXPLORIS
Key information:
- Business activity: Premium French-speaking cruises worldwide (Arctic, Antarctic, Greenland)
- Revenue: €18.3 million
- Workforce: 38 employees
- Location: Nantes (Loire-Atlantique)
- Deadline for submission of acquisition offers: October 21, 2025
DECIBEL AUDIOPROX
Key information:
- Business activity: Retail network specialized in hearing aids
- Revenue: €3.09 million
- Workforce: 23 employees
- Location:
- 13 owned stores (Normandy, Lorraine, Île-de-France, Centre)
- 7 corners (Île-de-France, Normandy, Hauts-de-France)
- Deadline for submission of acquisition offers: November 14, 2025
SAS FAST (FIEA AGRI SERVICES TECHNOLOGIES)
Key information:
- Business activity: Digital solutions for the agricultural sector (AGRI MAKER and AGATA Consent platforms)
- Revenue: €707,000
- Workforce: 2 employees
- Location: Paris (75)
- Deadline for submission of acquisition offers: October 31, 2025
CERINNOV GROUP
Key information:
- Business activity: Group holding company – ownership of the following subsidiaries:
- Cerinnov SAS: manufacturing and commercialization of equipment and turnkey solutions for ceramic and glass production processes.
- Cristallerie de Saint-Paul: manufacturing and trading of enamels for metals and products in the fired-arts sector.
- Cerinnov Unipessoal LDA (Portugal): manufacturing of industrial kilns/furnaces for ceramic and glass.
- Consolidated revenue: €12.4 million
- Consolidated workforce: 70 employees
- Location: Limoges (Haute-Vienne, France) + one production site in Portugal
- Deadline for submission of acquisition offers: October 29, 2025
IGUANA YACHTS
Key information:
- Business activity: Design and manufacturing of amphibious boats, sold mainly internationally, particularly in the United States
- Revenue: €8.4 million
- Workforce: 30 employees + 1 apprentice
- Location: Mondeville (Normandy)
- Deadline for submission of acquisition offers: November 3, 2025
SAS BREA SYSTEM
Key information:
- Business activity: Aluminum foundry specializing in pressure and gravity casting, and machining
- Revenue: €9.54 million (as of December 31, 2024)
- Workforce: 95 employees
- Location: Two production sites – Domérat (03) and Fressenneville (80)
- Deadline for submission of acquisition offers: November 21, 2025
SAS QUICK OFF
Key information:
- Business activity: Design and publishing of software for event management; integration and hosting of IT solutions for businesses
- Revenue: €750,000
- Workforce: 15 employees (8 after restructuring)
- Location: Le Puy-en-Velay (Haute-Loire)
- Deadline for submission of acquisition offers: November 14, 2025
Company operating in the professional lighting sector
Key information:
- Business activity: Development, design, and manufacturing of innovative lighting solutions for the entertainment, events, and audiovisual industries
- Revenue: €2.88 million (as of December 31, 2024)
- Workforce: 20 employees
- Location: Romainville (Seine-Saint-Denis)
- Deadline for submission of acquisition offers: November 3, 2025
Company operating in the construction equipment sector
Key information:
- Business activity: Design and manufacturing of modular concrete batching plants, as well as production and supply of accessories
- Revenue:
- €206,000 (as of August 31, 2025)
- €876,000 (as of August 31, 2024)
- €1,360,000 (as of August 31, 2023)
- Workforce: 3 employees
- Location: Aoste (Isère)
- Deadline for submission of acquisition offers: October 31, 2025
Mohamed Bouzenada
Member of the Lyon Bar