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Back in June, private equity fund Bain Capital was announced as the successful bidder to acquire Virgin Australia.
A letter to Virgin creditors and employees from administrator Deloitte suggests that Bain Capital’s acquisition is on track for a 31 October completion:
Creditors had on 4 September accepted a proposal that is structured around 10 deeds of company arrangement (DOCAs) for all 41 VAH entities in voluntary administration.
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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.
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