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€
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.
LBO with 30% equity, amortising senior debt, a mezzanine tranche, regional fund co-investment and a Bpifrance guarantee.
Yes. Above 50 employees the works council must be informed and consulted on the transfer project, with a prior information procedure.
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.
Job preservation and the credibility of the industrial plan outweigh the price offered, under French Commercial Code art. L642-5.