Bain Capital set to become new owner of Virgin Australia

Friday, 26 June 2020

And then there was one.

New York hedge fund Cyrus Capital Partners has withdrawn its bid for Virgin Australia, claiming administrator Deloitte “have not returned calls, emails, or meaningfully engaged with Cyrus to progress its offer”.

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.