Paulina Duran
Stories by Paulina Duran
Bain Capital agrees with Virgin Australia administrator to acquire struggling airline
The deal will need to be approved by 50 per cent of creditors by value and 50 per cent by number to be finalised.
US-based PE firm Cyrus Capital withdraws offer for Virgin Australia
The private equity group had been one of two final bidders selected by the administrator.
Virgin Australia administrator picks Bain, Cyrus Capital as final bidders
Cyrus was an investor in Virgin America alongside Virgin founder Richard Branson before its sale to Alaska Airlines.
Virgin Australia administrator to shortlist two bidders next week
The four on the initial shortlist included BGH Capital, Bain Capital, Indigo Partners and Cyrus Capital Partners.
Bain Capital confirms second-round bid for Virgin Australia
The private equity firm is said to be one of four parties shortlisted by administrators to buy Virgin Australia.
Virgin Australia administrators expect as many as eight non-binding offers
The country's second-biggest airline entered voluntary administration last month, owing creditors nearly A$7 billion ($4.52 billion).
Virgin Australia attracts 20 potential buyers, deal seen by June
PE firms Apollo Global, Oaktree Capital, and BGH Capital have expressed interest in the purchase.
Australia’s NAB taps investors to raise $2.2b as coronavirus halves profit
The planned capital raising, via a discounted share sale, is the biggest by an Australian firm since the outbreak.
Virgin Australia owes $4.4b to creditors, to seek waiver on aircraft leases
Virgin on Tuesday succumbed to third-party led restructuring that could lead to a sale.
Apollo, Oaktree, BGH, among others, evince interest to restructure Virgin Australia
More than ten parties have expressed interest in restructuring the country’s second-biggest airline.
