News Articles for BGH Capital

Old or emerging, disruptions to dynasties have the potential to make or break their businesses.

Deloitte will settle on a final shortlist of two preferred bidders for Virgin Australia early next week after parties reaffirmed their interest.

BGH Capital has entered into talks with Village Roadshow to acquire the cinema and theme park owner for between $429.4 million and $468.5 million.

Four private equity firms are the leading candidates to buy Virgin Australia, the biggest regional casualty of the coronavirus crisis in the global aviation industry.

Virgin Australia is expected to receive as many as eight non-binding indicative offers from potential buyers, which will be whittled down over the next few days to a shortlist of around three, its administrators said.

Virgin Australia's administrators at Deloitte will have a better sense of which parties are interested in buying the beleaguered airline, when non-binding indicative offers are made tomorrow.

S&P Global Ratings has lowered its credit rating on Virgin Australia to CC from CCC, saying it expects the company's unsecured debt providers will be forced to accept less value than they are owed as part of the company's debt restructuring process.

Private companies and not-for-profit businesses play a prominent role in the West Australian economy, with annual revenue at the top 20 exceeding $32 billion, according to data compiled by Business News.

Azure Capital, Canaccord Genuity and DLA Piper were among the most active advisers on corporate finance deals in 2019.

Our board moves wrap includes Jeremy Kirkwood, David Ross, Bruce Goulds, Terry Bowen, and Lindsay Maxsted.

Former Wesfarmers executive Terry Bowen is planning to reduce his involvement at private equity group BGH Capital after taking an expanded board role at BHP and joining the board of Transurban.

Perth-based Diamond Cyber Security and Asterisk Information Security will be two of at least 12 Australian cyber security firms bought out by BGH Capital and merged into a new entity to compete with the larger US-based vendors.

Our weekly appointment wrap includes Scott Jones, Terry Waldron, Reg Howard-Smith, David Buckingham, Philip Mirams, Colin Pavlovich, Ken Michael, Lee Broomhall, Kelly Howlett, Tim Youe, Joshua Byrne, David Templeman, Anne Banks-McAllister, Peter Snowsill, Martin Hirsch, Michael Winlo, Charles Fear, Patrick Beilby, Biljana Radulovic, Hector West, Matthew Seabrook, Arash Kalani, Simon Pigliardo, Kathy Reid, Melissa Joyce, Nada Raphael, Fredrick Riebeling, Gina Nofal, and Nicola Jansen.

The son of Navitas founder Rod Jones has been appointed the company's chief executive while former Wesfarmers executive Colin Pavolich has been appointed chief financial officer.

The federal government's Foreign Investment Review Board (FIRB) has given the tick of approval to a private consortium's proposed acquisition of global education provider Navitas.

A consortium comprised of private equity firm BGH, AustralianSuper and former Navitas chief executive Rod Jones have agreed to buy the global education provider for $2.3 billion.

Navitas has reported a 14.4 per cent decrease in profit for the half year to December, as expenses related to BGH Capital's first takeover bid hit the company's bottom line.

Healthscope has agreed to a $4.5 billion takeover by Canadian investment firm Brookfield, despite rival bidders suggesting they could increase their offer.

Navitas directors have recommended shareholders accept an increased $2.1 billion takeover proposal by a consortium that includes its founder and former chief executive, Rod Jones, who says the new ownership would boost the company's prospects .