NEW YORK, NY, September 16, 2010
/24-7PressRelease/ -- According to a recent survey of legal and financial advisors conducted by
Merrill DataSite, in cooperation with mergermarket and DebtWire, transatlantic restructuring activity is expected to increase over the next 12 months due to the financial stress put on companies in recent years
More than half of the respondents (54 percent) indicated that most
restructuring strategies would hinge on the sale of non-core assets. Given the economic climate and the number of companies filing for
bankruptcy, it comes as no surprise that the majority of survey respondents cited the maturity of company debt as the main driver behind restructurings.
Given the economic climate and the number of companies filing for bankruptcy, it comes as no surprise that the majority of survey respondents cited the maturity of company debt as the main driver behind restructurings.
The survey was conducted in the second quarter of 2010 and included legal and financial advisors from North America and Europe. Please go to our website to view the full survey report.
Merrill DataSite (
www.datasite.com) is a secure
virtual data room (VDR) solution that optimizes the
due diligence process by providing a highly efficient and secure method for sharing key business information between multiple parties. Merrill DataSite's multilingual support staff is available from anywhere in the world, 24/7, and can have your
VDR up and running with thousands of pages loaded within 24 hours or less.
As the leading provider of
VDR solutions, Merrill DataSite has empowered nearly 2 million unique visitors to perform
electronic due diligence on thousands of transactions totaling trillions of dollars in asset value. Merrill DataSite
VDR solution has become an essential tool in an efficient and legally defensible process for completing multiple types of
financial transactions.
Merrill DataSite is the first VDR provider to understand customer and industry needs by earning an ISO/IEC 27001:2005 certificate of registration. Merrill DataSite's ISO certification is available for review at:
www.datasite.com/security.htm.
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