- Firms that help to restructure or wind down distressed startups and other companies are seeing a big pick-up in business.
- At one firm Silicon Valley-based Sherwood Partners the number of calls it’s getting and deal it’s signing are up 300% from the levels they were at 12 to 18 months ago, its cofounder Martin Pichinson told Business Insider.
- The pandemic is sparking major changes in the economy and venture and other investors are responding to that by shifting their investments away from companies that are struggling toward those that are benefiting from the changes, Pichinson said.
- Companies are less willing to spend up to acquire startups and other firms and instead are turning to Sherwood and Diablo Management Group, another res…
Read the full article at: https://www.businessinsider.com/restructuring-firms-seeing-a-business-boom-due-to-the-coronavirus-2020-9
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