Wed, 28 Jul 2010 | BUSINESS NEWS
During the first half of 2010, almost one in ten UK mergers and acquisitions involved distressed businesses.
Of the 1,491 deals completed in the UK, 141 involved companies acquired out of administration or other formal insolvency procedures, according to research carried out on behalf of insolvency trade body R3.
The total value of all distressed deals in the first six months of the year amounted to almost £519 million.
R3 added that the number of distressed deals has more than doubled since 2008 and said that, whilst the recession may have officially ended, distressed businesses and assets continue to come onto the market.
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