PE firms line up to bid for Virgin Australia: Reuters

Virgin Australia Holdings is expected to receive as many as eight non-binding indicative offers from potential buyers, including Bain Capital, BGH Capital and Brookfield Asset Management, sources told Reuters.

Virgin Australia Holdings is expected to receive as many as eight non-binding indicative offers from potential buyers, including Bain Capital, BGH Capital and Brookfield Asset Management, sources told Reuters. The offers for the country’s second-biggest airline, which entered voluntary administration last month owing creditors nearly A$7 billion ($4.5 billion), will be whittled down to a shortlist of about three in coming days, its administrators said. India’s InterGlobe Enterprises is also bidding, one source said.

Reuters