A fresh wave of restructurings of private equity-owned company investments
will hit Europe in the coming year according to a new survey by AlixPartners,
the business advisory giant.
Two-thirds of global restructuring experts polled were preparing for twice
the volume of such restructurings in the coming year compared to last, while a
further 16 per cent believe the volume will be more than twice as high.
AlixPartners added the sectors expected to undergo the most restructuring
activity are the commercial real estate and the automotive industries.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies