Sector specialists and generalists are surveying their portfolios and see distress across the board. A list of European companies with distressed debt being tracked by a restructuring-focused law firm, obtained by Financial News, demonstrated the variety of sectors affected.

Businesses on the list ranged from automotive to telecommunications, media companies to retail chains. Characteristics of certain sectors make them more vulnerable than others, but scarcity of capital has meant private equity owners have struggled to refinance businesses regardless of sector.