Oh how the dealmaking landscape has changed in four weeks!
M&A is firmly on the backburner as bankers go about chasing equity raisings, while we are seeing signs of life in the distressed debt market for the first time in a while.
As we revealed on Wednesday, a distressed debt fund appears to have got its hands on a slice of coal port WICET Holdings' debt, taking an exposure off a Japanese bank. And that came hot on the heels of a similar trade at Speedcast.
