Distressed debt opportunities greatest in Eastern Europe – Debtwire
Surveys conducted for the European Distressed Debt Outlook for 2014, published by corporate intelligence service Debtwire, have found that current market conditions in Eastern Europe offer strong opportunities for distressed debt investors.
“Market conditions in Europe’s larger economies mean geographic focus for distressed opportunities has shifted to Southern and Eastern Europe, where many situations remain in search of sustainable restructuring solutions,” Andrew Merrett, European Head of Restructuring at Rothschild UK, said in an executive summary of the report.
One poll conducted for the report found that almost a third of respondents thought that the best distressed debt opportunities are currently to be found in Eastern Europe.
“Almost a third of those polled (32 percent) think the best distressed opportunities are to be found in Eastern Europe, while 30 percent expect North America to harbour the greatest opportunities. One-fifth of the survey pool identify Asia as the most promising region, 16% point to Western Europe and 2 percent focus on Middle East & Africa.”
Now in its 10th year, the European Distressed Debt Outlook is published annually and presents the results of a survey of hedge fund managers, traders and private equity investors.
