777 Partners has called in Los Angeles-headquartered restructuring advisors B Riley Advisory Services (a division of B Riley Financial) to assist with various operational challenges. The outcome follows the collapse of Australian low-cost carrier Bonza (AB, Sunshine Coast) in which 777 held a majority stake.
We have retained a team of professionals from B Riley Advisory Services to assist with managing through various operational challenges,” reads a 777 Partners memo seen by the Financial Times. The Miami-based investment house called in the advisors to help “rationalise the business and select the most profitable path forward for our investments. Last month, the private investment firm sold almost all of its minority stake in Canadian …
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