Tonight we reveal which heavyweight duo in Australia's restructuring industry has been tapped to advise the Mike Murphy-led Bain, which is preparing to submit an indicative offer by Friday.
The Victorian camp is said to be mulling a handful of potential structures, including a direct equity stake, a cheap line of debt or some other sort of financial support package to relocate the business to Melbourne.
It's up against NSW, which has former Macquarie Capital financier (and ex-chairman of NSW's defined benefit pension plan manager StatePlus) Michael Carapiet heavily involved.
Moving away from Virgin, a pair of well known Perth heavy-hitters is teaming up to create a new force in West Australian deals, while we also have an update on the sale of ex-Sargon-owned financial advice business Madison Financial Group.