KordaMentha are a different beast these days. Why do you suppose KM was recruited by Bain? I can tell you it was for Union relations above all other restructuring advice as Bain knew they had problems in this area. Don’t get me wrong, their relationship is with union secretaries and Presidents and not employees...they just want the creditor votes. They hope to discredit the Cyrus bid and get said Unions to agree they (Bain) have a more sustainable path forward.
People are entitled to their dislike of a company. History cannot be rewritten. However, KordoMentha’s involvement contradicts the intent of your post at least from Bain’s perspective.
Furthermore, it appears both Bain and KM have a similar vision for Virgin II. So the KM debacle might be what’s implemented anyway.
Off to get my bullet proof vest.
Last edited by crosscutter; 10th Jun 2020 at 06:47.