Bain Capital takes Virgin Australia

Bain Capital has won the bid to buy Virgin Australia. Earlier today, Cyrus Capital Partners withdrew from the bidding process, declaring that Virgin Australia’s administrators “lacked engagement”. I thought that Cyrus Capital Partners would have won, as they have more experience in the aviation industry than Bain. But, there are several big reasons why Bain […]

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Virgin Australia bidders narrowed down to two

Out of the 4 original bidders for Virgin Australia (BGH Capital, Indigo Partners, Cyrus Capital Partners and Bain Capital), these are the 2 companies that made the cut: Cyrus Capital Partners and Bain Capital! Boston-based Bain Capital has $105 billion in assets and New York investment company Cyrus Capital Partners $4 billion. One of the […]