Barclays Capital has said the high-yield market has recovered sufficiently to support leveraged buyouts, but only at deal sizes that are less than a sixth of the largest deals done during height of the boom.

Ashish Shah, head of credit strategy at Barclays Capital, said at a press conference: "The high-yield market is ready to support new leveraged buyout activity in the coming months, but at a smaller scale than occurred when markets were stronger".