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Distressed deals fall, finds R3
Acquisitions of insolvent businesses in the North West have continued to fall in the first half of 2011, according to research by Experian Corpfin on behalf of the insolvency trade body R3.
The figures show that distressed deals now account for one in ten of all mergers and acquisitions in the region, compared with one in five when activity peaked in late 2009.
During the first half of 2011, 23 out of a total of 226 acquisitions in the North West involved companies acquired out of administration or other formal insolvency procedures. This compares with 32 out of 230 acquisitions during the second half of 2010 and 22 out of 117 in the final quarter of 2009.
About the author
12 March 2020
One ought never to turn one's back on a threatened danger and try to run away from it. If you do that, you will double the danger. But if you meet it promptly and without flinching you will reduce the danger by half
Failure can be a positive experience. It is, in a sense, the highway to success. Every fresh experience points out some form of error which we shall afterwards carefully avoid.
I am not discouraged, because every wrong attempt discarded is another step forward.
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