The ASX is set to become a hunting hotspot for private money as cashed-up global funds zero in on distressed companies.
Thats the view of White & Case restructuring partner Timothy Sackar amid a spike in corporate insolvencies in Australia.
We continue to see listed companies in a number of sectors finding themselves in trouble, Mr Sackar told The Australian Financial Review in an exclusive interview.
Case & White is bringing in a team of financing, restructuring and insolvency specialists, led by partners Brendan Quinn (left) and Timothy Sackar.(right). Oscar Colman
It seems like a terribly good idea to raise capital at the time, but in a post-COVID world where you havent quite lived up to your…
Read the full article at: https://www.afr.com/companies/financial-services/us-funds-poised-to-swoop-on-troubled-asx-companies-20231006-p5eaca