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Bain Picks Goldman, UBS, Barrenjoey for Virgin Australia IPO

  • Virgin’s IPO could be one of the nation’s largest in 2023
  • Bain bought the airline in A$3.5 billion rescue deal in 2020

Bain Capital has picked the top arrangers for Virgin Australia Airlines Pty Ltd.’s initial public offering, which could be one of the country’s biggest listings this year, according to a person familiar with the matter.

Goldman Sachs Group Inc., UBS Group AG and Barrenjoey Capital Partners Pty Ltd. have been selected as lead managers for the share sale, said the person, who asked not to be identified as the information is private. The appointments came after about eight investment banks were interviewed in recent weeks for the offering.