in restructuring situations, given the lower degree of debt risk compared to equity, to the development of financial instruments (SFP) in the form of quasi-debt, pre-defining any conversion into equity only if necessary.This possible configuration may not be aligned with the needs deriving from the evaluation mechanisms by financial institutions (rating) or by customers / suppliers for the purposes of the going concern and full operation of the company. Debt instruments, however, collide with the need for credit protection with changes in govenance as well. The equity-governance issue is significant if represented in the context of the growth in the number of private equity operators in such situations.The development of the market could also be favored by government measures to support the economy, including, in particular, the “Patrimonio Destinato”, which also provides for co-investments, an element that hints at a development in the context of M&A.The aforementioned elements therefore suggest a development of M&A operations and related add-ons. Over time, in fact, the purchases of companies or branches of competing companies that have tried the path of the autonomous company rescue could increase.