Deals
Bain Capital Plans Second-Round Bid for Virgin Australia
- Administrator Deloitte seeks binding offers by mid-June
- Brookfield Asset is said to discuss rejoining the bidding
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Bain Capital LP is preparing a second-round proposal to become the owner and operator of Virgin Australia Holdings Ltd., the U.S. alternative asset manager said on Sunday.
Its Sydney-based managing director Mike Murphy is leading the team bidding for Virgin Australia, which entered voluntary administration last month. Bain Capital is being advised by KordaMentha and is supported by Jayne Hrdlicka, the former chief executive officer of budget carrier Jetstar.