Editorial review: 6 October 2026.
Court-supervised acquisitions: reading a historical KPMG study
KPMG’s June 2019 study examines French court-approved business transfer plans from 2017 and 2018. It is a historical reference about the selection of takeover offers. Its findings should not be presented as a current forecast for an acquisition in another country.
What the 86% figure means
The figure concerns an offer receiving a favourable opinion from the court-appointed administrator when several offers competed. It describes the offer’s selection in that setting. It does not establish an overall probability that an acquired business will survive, grow or deliver the buyer’s expected return.
Questions for a prospective buyer
Define which activities and assets are included, what information is available and which assumptions still need verification. Assess the business plan, funding and operational resources with the relevant advisers. The applicable procedure and the offer requirements must be reviewed for the jurisdiction concerned.
Source: KPMG, Les reprises à la barre du tribunal, June 2019.
