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The inside story of how Bain Capital secured Virgin Australia

Save Share “Virgin has a great management team led by Paul Scurrah,” Bain Capitals Mike Murphy told the airlines 9000 staff on August 24. “And I would like to again reaffirm we are backing Paul to successfully lead Virgin through the current turbulence and back into the skies." It was Murphys big pitch to seal the biggest deal of his career – a $3.5 billion agreement to buy Virgin Australia out of administration. He had beaten four other bidders to get a signed deal, had tipped $125 mil...
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Source: afr.com

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