Bain, Cyrus to battle for Virgin

Original article by Glenda Korporaal, Damon Kitney, John Durie
The Australian – Page: 13 & 16 : 3-Jun-20

Vaughan Strawbridge of Deloitte says the unsuccessful bidders for Virgin Australia could potentially team up with Bain Capital or Cyrus Capital Partners in buying the failed carrier. Bain and Cyrus must submit binding bids for Virgin by 12 June, after the final short-listed was culled from four to just two. A consortium led by BGH Capital and AustralianSuper had been regarded as a prime contender to buy Virgin, but sources have indicated that neither party is likely to seek to return to the bidding process.

CORPORATES
VIRGIN AUSTRALIA HOLDINGS LIMITED – ASX VAH, BAIN CAPITAL LLC, CYRUS CAPITAL PARTNERS LP, DELOITTE TOUCHE TOHMATSU LIMITED, BGH CAPITAL PTY LTD, AUSTRALIANSUPER PTY LTD

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