Summary
The current market is "characterized by people having to do something, and forced to do it on a tight timetable," said [Jim Rosener], of Pepper Hamilton. "There is an increased opportunity [for M&A activity] as management loses focus and interest over these orphaned businesses."
Ninety-two percent of survey respondents believe the current economic downturn is driving steep discounts on distressed assets, compared to previous slowdowns, according to the Distressed M&A Outlook report, which interviewed investment bankers, private equity practitioners, hedge-fund investors and lawyers.See the full content of this document
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Survey: Downturn Driving Discounts On Distressed Assets
OVERLEVERAGED BALANCE sheets and negative cash flows spurred by the recession are leading to steep discounts on d...
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