Chinese investors are increasingly buying distressed companies in the US across a broad range of industries, including solar, wind, autos and aviation, according to merger and acquisition specialists.
Many companies in these sectors are still highly leveraged and desperate for money, said lawyers and bankers who have advised on some of these transactions.
Distressed US energy, industrial and chemical firms are attracting the most interest from potential acquirers globally, according to a research report by US-based law firm Schulte Roth Zabel, which specialises in distressed investing.
“We are in contact with potential Chinese buyers who are showing stronger interest in purchasing distressed US...
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