To date, distressed M&A has not played the role that many experts had feared as a result of coronavirus. However, this could change: There is still a great need for a fundamental reorganisation of business models in many sectors, including the automotive, industrial and retail sectors. In their article, Henning Block from Rothschild and Dr Martin Tasma from Hengeler Mueller look at the extent to which the number of distressed M&A activities could grow and answer the question of whether the market is adequately prepared for this increase, as distressed transactions differ significantly from "normal" M&A transactions.
