How Bain bought Virgin for free
Virgin Australia’s private equity owner Bain Capital has repaid itself the entire $731m it paid in equity to take over the now-profitable airline – just three years after taking control.
Virgin Australia’s private equity owner Bain Capital has repaid itself the entire $731m it paid in equity to take over the now-profitable airline – just three years after taking control.
Retirees can breathe a sigh of relief that super fund returns are back in the positive after some bumpy months at the start of this financial year.
Newly appointed Qantas boss Vanessa Hudson has been involved with decisions that are not for the ‘faint hearted’. Now she must buckle up for one of Australia’s most high-profile corporate roles.
The industry fund giant is the latest to pull a mandate from under-pressure manager Airlie, owned by Magellan Financial Group, which was again hit by outflows in April.
Mining companies Liontown Resources and Lynas told investors at the Macquarie Australia conference that they weren’t allowing external factors to distract them from their prime focus.
South Korea’s business group has expressed concerns Australian domestic price intervention will eventually trigger a decrease in exports.
Qantas has a problem with its aircraft fleet, according to former executives, and it could prove to be a headache for its next CEO once Alan Joyce exits.
The China-connected debt holder trying to take control of Alita Resources – one of only six in-production lithium miners in Australia – has backflipped on firing McGrathNicol.
The O’Connor family has made a $330m fortune selling diversified consultant Calibre to global giant WSP following the sale of a smaller unit last year.
Chief executive David George appeared defensive and talked up new hires in a staff email as Magellan outflows hit $3.9bn andfounder John Sevior departs.
Original URL: https://www.theaustralian.com.au/author/tansy-harcourt/page/28