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Turnaround deals set to rise in 2012.

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PositionUpdate - Brief article

Industry specialists believe that banks will increase lending levels over the next two years to help fund turnaround deals and restructuring packages.

According to a survey of more than 150 professionals, 94 per cent thought that funding streams would widen as greater levels of financial support are needed. The research-carried out by Gateley, the top 50 national law firm-also revealed that the number of restructuring deals would increase in the next 12 months (84 per cent).

An overwhelming 92 per cent of respondents said that more innovation would be required in the market over the coming months. However, experts were split on whether private equity investment will play a bigger part in restructuring deals in the next two years, with 48 per cent of those surveyed admitting that it wouldn't.

Andrew Buchanan, corporate recovery partner at the Manchester office of Gateley, commented: "The turnaround and restructuring...

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