Distressed to rise in Asia, PE to play bigger role

Distressed asset investment activity is set to grow in Asia, with private equity playing a more important role in providing finance and hands-on restructuring. South Korea and Greater China should see most of the region’s growth in corporate turnarounds and restructuring, according to a new survey by AlixPartners, a global business consultancy. Of the 150 lawyers, banks executives and fund managers in Asia polled, 66% say they expect to see an increase in business restructurings…