News & Events

Restructuring Partner James Watson was featured in a Financier Worldwide Magazine Q&A titled, “Roundtable: Distressed M&A.” The article addressed recent trends in distressed M&A in various markets around the globe, most notably the impact of COVID-19 and related stimulus measures. In relation to Europe, James noted that during the pandemic, investors were able to take advantage of an initial wave of insolvencies and lower asset valuations in light of distressed M&A opportunities, but that “a combination of extensive and unprecedented government support, an extraordinarily deep sea of liquidity in the credit and capital markets, and supportive incumbent leaders cushioned the blow for many businesses,” resulting in fewer distressed transactions than expected. However, he observed that there are reasons to believe that activity levels will start to pick up in the coming year.

To read the full article, please click here.