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    Acquiring a business with 50 to 249 employees

    At this size an acquisition mobilises a full advisory team: business lawyer, accountant, corporate financier. Deals often run through a court-ordered transfer plan or a structured LBO.

    Headcount

    50 à 249 salariés

    Turnover

    10 M€ – 50 M€

    Purchase price

    2 M€ – 20 M€

    The market for this segment

    These companies value at 5–8× EBITDA in a standard sale. In insolvency, selection depends less on price than on the strength of the industrial plan and the number of jobs preserved.

    Advantages of this size

    Management committee in place, continuity assured
    Multi-year contracts and established market positions
    Access to regional investment funds and mezzanine debt
    Significant leverage on invested capital

    Points to check

    • —Mandatory works council information and consultation
    • —Pension commitments and social provisions
    • —Revenue concentration on a few clients
    • —Industrial equipment and compliance upgrades

    Financing the acquisition

    LBO with 30% equity, amortising senior debt, a mezzanine tranche, regional fund co-investment and a Bpifrance guarantee.

    Frequently asked questions

    Must employees be informed?

    Yes. Above 50 employees the works council must be informed and consulted on the transfer project, with a prior information procedure.

    How long does such a deal take?

    Six to twelve months in a standard sale. In a court transfer plan the timetable is set by the court and measured in weeks, so preparation matters.

    What decides the court's choice?

    Job preservation and the credibility of the industrial plan outweigh the price offered, under French Commercial Code art. L642-5.

    Live opportunities

    Browse all our available listings

    Businesses in judicial liquidation, companies under collective, safeguard or recovery proceedings, and offices for sale or rent across France.