KKR Credit and Goldman Sachs have co-invested with Bastas and provided the majority of funds. The businessman was assisted by UBS in the transaction, sources said.
Elsewhere, Pacific Equity Partners is in late-stage talks to buy Serenitas, put up for sale by investment bank Goldman Sachs. The buyout firm has been in and around the lifestyle communities business for months, but is back on the hook and moving towards exclusivity.
On the IPO front, Street Talk can reveal redundancies are on the cards at Bain Capital’s big IPO candidate Virgin Australia. The airline is preparing to haul in its general managers and issue an exit target for their respective business lines, sources said.
The airline, plucked out of administration in 2020, said in January that it was heading toward revenues of $2.5 billion for the six months to December 31.
Street Talk understands the firm has appointed Victorian Government Solicitor’s Office executive Alanna Mitchell as a partner in its commercial practice.
You have received this email because you are subscribed to Street Talk First Look with the email address: newsletter@newslettercollector.com
