BAIN Capital LP agreed to buy collapsed Virgin Australia Holdings Ltd. in one of the biggest single bets on the airline industry since it was shattered by the coronavirus pandemic.
Administrator Deloitte named Bain as the airline’s new owner on Friday, hours after rival buyout firm Cyrus Capital Partners LP withdrew its bid. The value of the deal wasn’t disclosed, though Deloitte said there will be "a significant injection of capital” into the airline.
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