Bain Capital in new bid for Virgin Aust

Bain Capital in new bid for Virgin Aust

Bain Capital says it is preparing a second-round proposal to buy Virgin Australia Holdings Ltd, as the private equity group positioned itself as the “strongest” suitor to turn around the bankrupt airline. Bain said in a statement on Sunday it was...
Bain Capital in new bid for Virgin Aust

Virgin Aust attracts 19 potential buyers

Virgin Australia’s administrator says 19 parties interested in purchasing the airline have been granted access to a data room as of May 11. Non-binding indicative offers are due on May 15, according to an affidavit published by the Federal Court of Australia on...
Bain Capital in new bid for Virgin Aust

Collins Foods says Aust sales rebounding

Collins Foods says its sales have rebounded from the coronavirus lockdowns in Australia, although its KFC restaurants in Germany and the Netherlands have been harder hit. While same-store at its 240 KFC restaurants were down 8.0 per cent in the last week in March, in...
Bain Capital in new bid for Virgin Aust

COVID gold surge boosts Aust export prices

Investors turning to safe-haven bullion and soaring demand for scrap metal helped push Australian export prices higher during a COVID-affected March quarter, but this was offset by softer petrol demand amid widespread lockdowns. The nation’s export price index...
Bain Capital in new bid for Virgin Aust

S&P: 1 in 3 chance of Aust downgrade

Australia’s government has a one in three chance of losing its AAA credit rating from its virus spending, says the agency that flagged a negative outlook. Standard & Poor’s international public finance director Anthony Walker says the downgrading of...