The leading mid-tier distressed asset private equity and debt funds in the UK made a total of £1.8bn of acquisitions of businesses last year, almost treble the £670m registered in 2020 and the highest figure for five years.

There are likely to be even more distressed acquisitions to come as interest rates rise and inflationary pressures reduce disposable incomes, investment specialists at audit and tax firm Mazars told City A.M. this morning.

Funds specialising in the acquisition of distressed companies, not distressed debt, are RCapital Partners, Better Capital, Rutland Partners, Endless, Alchemy Partners, ESO Capital Group, Maven Capital Partners, Ridgeway Capital, Inflexion Private Equity Partners, Greybull Capital, Sandton Capital Partners and AURELIUS Equity Opportunities.

Read more: City A.M.