Virgin float has Bain in line for $15.9m advisory golden parachute
It will be a nervous wait for the private equity giant’s dealmakers as years of planning come to a head this week with the airline’s return to the ASX.
After months and years of start-stop progress toward the ASX, Virgin Australia is expected to hit the sharemarket this week – barring any last-minute disruption from an escalating conflict in the Middle East.
And while Bain Capital is in line for a tidy return from the transaction, the fine print of documents sent to prospective investors reveal one surprising way the private equity firm is set to clean up from the float.
Loading...
Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
