Ignore bloggers at your peril when running PR campaigns!
September 6th - 2010
Guest interview with Lee Hicken, Hebe Media Hebe Media ran a very successful social media campaign for Marketing Leeds in Barcelona earlier...
Distressed businesses account for one in five deals
The figures from Corpfin (part of Experian) show that distressed deals have been running at their highest level in recent years. It indicates that businesses with access to acquisition finance are taking the opportunity to build their portfolio and grow market share, says R3.
Of the 192 deals completed in the first three quarters, 38 (20 per cent) involved companies acquired out of administration or other formal insolvency procedures. During the whole of 2008 insolvency deals accounted for just 29 out of a total of 412 deals in the region (7 per cent).
R3 regional chair Andy Wood said: "We predicted earlier this year that autumn would be an ideal time to start to acquire businesses in distress and these figures seem to bear that out. The continuing fall in company values, together with low interest rates, are combining to create the optimum conditions for distressed deals.
"There are now plenty of commercial opportunities available for companies which are on the acquisition trail and have the capacity to move quickly. The improvement in business performance that these acquisitions can generate would go a long way towards both maintaining existing employment opportunities and creating new ones in the future."
