Winding Up is 9fin's weekly newsletter, incorporating summaries and commentary from our European distressed coverage for the past week. Find out more about what we do for distressed here.

Turkey day has come and gone. We’ve waded into the depths of pre-Christmas sales season now and while it would be hyperbole to say that Black Friday has seen a flurry of new activity (certainly not a much greater volume) in the distressed space, it feels like everyone’s getting their ducks in a row for the new year.

Just in the space of this month, we’ve seen legal and financial advisors nab mandates on company and creditor side for refi discussions concerning: Norway-based Prosafe, German auto parts manufacturer Standard Profil, German lighting manufacturer SLV, Swiss vending machine company Selecta, and Austrian motorcycle manufacturer KTM.