PPRuNe Forums - View Single Post - 20 buyers now circling Virgin Australia
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Old 21st Jul 2020, 04:43
  #669 (permalink)  
Sunfish
 
Join Date: Aug 2004
Location: moon
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I suspect Deloittes hands are tied by clever Bain. That injection of $125 million would have done the trick. I would expect there is a clause in that heads of agreement that Deloittes agreed to giving Bain the rights to recover $250 million from Virgin and Deloittes if the deal doesn't go ahead. That means Bain wins even if it loses. I've had a VC try that on me.
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