Virgin’s future is now in the hands of the markets gods
The problem with listing ceremonies is they’re backward-looking, while markets look forward. The airline did what it had to do to relist, but now it’s over to the market.
Everyone’s a winner at Virgin Australia – except the interest group that now matters most.
Private equity group Bain Capital, its financial adviser and three investment banks, its co-managers, lawyers, investigating accountant – a who’s who of Australian advisory work – they’ve all won.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com