Business
‘There should be no side deals’: Bain Capital outs note holders – The Australian Financial Review
Bain Capital, the private equity firm which Virgin Australia administrators have selected as the preferred buyer for the failed airline, said it was approached by two hedge funds leading an rival recapitalisation proposal.
Bain Capital has revealed it was approached by the two hedge funds leading a rival recapitalisation proposal for Virgin Australia, just days after the funds sent a seven-page proposal to administrator and attempted to gather more support from creditors.
In a statement, Bain dismissed the recapitalisation proposal from Broad Peak Investment Management and Tor Investment Advisers, who are owed $300 million , as “not credible”, “incomplete” and “indicative”.
Deloitte says it is not going to consi…
-
General23 hours agoWe’ve all talked about potential economic consequences for Australia of Trump’s policies. Now they’re happening
-
Noosa News18 hours agoMoreton Bay oyster farm survives cyclone with help of wave wall innovation
-
Noosa News20 hours agoHelicopter pilots saving lives, providing food and fodder in flooded outback Queensland
-
Noosa News23 hours ago’Lethal new opioids’ prompt Wide Bay pill testing call