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Bain Capital agrees with Virgin Australia administrator to buy airline

Bain Capital agrees with Virgin Australia administrator to buy airline

The Boston-based private equity group Bain Capital said Friday it has agreed with the administrator of Virgin Australia to buy Australia’s second-biggest airline for an undisclosed sum. Bain won out over Cyrus Capital Partners, a New York-based investment firm, which had also submitted a binding offer. The deal will need to be approved by 50% of creditors by value and 50% by number to be finalized

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Chris 2 months

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