Deloitte’s Vaughan Strawbridge is expected to receive four serious non-binding indicative bids for Virgin Australia on 15 May. Queensland government-owned QIC has ruled out making an indicative bid on 15 May, but it may join a consortium in the second round of the bidding process:
…a consortium involving the $170bn Australian Super and the Ben Gray-backed private equity firm BGH firming as one of the leading bidders…
The two other major groups in the bidding for the airline, which went into voluntary administration on April 20 with debts of some $7 billion, are Canadian infrastructure investor Brookfield, and private equity firm Bain.
