Allegro Funds completes Toll acquisition lawyersweekly.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lawyersweekly.com.au Daily Mail and Mail on Sunday newspapers.
Save
Share
“Virgin has a great management team led by Paul Scurrah,” Bain Capital s Mike Murphy told the airline s 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 Murphy s 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 million interim funding to keep the airline afloat and was already on the hook for at least another $750 million – win, lose or draw.