Private Equity Lending Delaying Next Wave of Corporate Restructuring According to Latest ABI Poll
Contact: John Hartgen
EQUITY LENDING DELAYING NEXT WAVE OF CORPORATE RESTURCTURING, ACCORDING
October 15, 2007,
Alexandria, Va. —A majority of respondents (75 percent)
Eleven percent of respondents, however, did not agree that growth in hedge fund and private equity lending is delaying the next wave of corporate restructuring. Six percent “strongly disagreed” and 5 percent “somewhat disagreed” that the next wave of corporate restructuring was being delayed by the growth of hedge fund and private equity lending. Twelve percent of the respondents did not know or had no opinion on the issue.
The 19,695 business filings during the 12-month period ending Dec. 31, 2006, were the lowest on record under the current statistics reporting system, which was implemented in 1980. While up 45 percent during the first half of 2007 over the first half of 2006, business filings are still expected to be lower than previous years’ totals.