Distressed Acquisition Opportunities Remain High Distressed Firms Currently Account For 1 in 8 Acquisitions 08.08.2011 08/08/2011 The number of opportunities for investors looking to make distressed acquisitions remains high despite a fall in the number of transactions across Yorkshire - according to insolvency Partner at Irwin Mitchell, Andrew Walker.Mr Walker made the comments following research by Experian Corpfin on behalf of the insolvency trade body R3 which found that distressed acquisitions continue to account for a significant proportion of deals in Yorkshire.The figures show that in the first half of 2011, one in eight acquisitions in the region (16 out of 129) involved a business in administration or other formal insolvency procedure. This compares to one in nine acquisitions (31 out of 267) during 2010 and one in six acquisitions (46 out of 255) during 2009 when activity was at its peak.Andrew Walker, who is chair of R3 in Yorkshire and partner at Irwin Mitchell, comments:“Distressed acquisitions have become a key part of the deals landscape over the past three years. Investors have been taking the opportunity to acquire businesses and assets while values are low and we have seen the emergence of specialist turnaround investors. “However in recent months there have been fewer bargains and many investors are struggling to acquire credit to make a purchase. “For those investors who have the money supply they should remain alert as we can expect to see a continued supply of decent investment opportunities in the run-up to recovery, despite the number of insolvent deals recently falling.” Press contact Dave Grimshaw Press Officer 0114 274 4397 Email Dave Related articles 20.03.2019Government Issues Recommendation for Leasehold Reform 15.03.2019Irwin Mitchell Recruits Hundreds Of Volunteers For Red Nose Day 2019 15.03.2019Irwin Mitchell Scoops Hat-trick At Birmingham Law Society Legal Awards 13.03.2019Sheffield City Region Launches Global Innovation Corridor At MIPIM 2019 08.03.2019Irwin Mitchell Launches Women in Law Timeline 05.03.2019Does A Rest Break At Work Have To Be Continuous?