Rod, I’m sorry to say that “Venture Capital” isn’t . At least in Australian circumstances VC’S only invest in a sure thing. The crap about risk and uncertainty is just BS. Bain and Cyrus will want government guarantees that they will at least double their money even if they have to walk away in a few months time. The idea that they are superwomen who are going to try every trick in the book to restart virgin is BS. They try and engineer a situation where they can’t lose, otherwise they don’t invest. Sorry to be blunt.
Expect to see dire headlines as the potential buyers and the administrators try and rumble the government into guaranteeing that
VB will survive. Unfortunately for you the correct answer from government is $$#@off.
To do otherwise means you get headlines in three years time like:”Bain bought virgin for $2.00 and now is walking away with 3 billion taxpayer dollars.”
Government is going to make Bain work for a return. My experience is that very few VCs actually want to do that. Bain will have probably ten other deals like virgin on its short list right now.
Hope for the best, prepare for the worst. Good luck!