Oaktree Capital Management

Cheryl Edwardes and Rick Crabb know better than most what it takes to steer a troubled business through a ‘near-death’ experience.

DDH1 Driling has acquired Ranger Drilling, which will see the Sy van Dyk-led company grow to 700 employees and 84 drill rigs.

Virgin Australia's administrator has disclosed that at least 20 parties have expressed interest in buying the debt-laden airline, with reports today mining magnate Andrew Forrest is among the potential bidders.

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.

Local drilling business DDH1 is scheduled to list on the stock exchange next week after raising $150 million through its initial public offering.

Drilling contractor DDH1 has had a weak start to its first day of trading, with its share price dropping 21 per cent from its issue price.

Crown Resorts has received a $3 billion funding proposal from a private equity group that would allow it to buy out major shareholder James Packer.

Crown Resorts has received a takeover bid from the operator of Sydney's Star Casino while announcing the appointment of chief executive and managing director, Steve McCann.

Crown Resorts leaders are not pinning their hopes on a Blackstone takeover and have spruiked the potential of the Sydney casino to encourage higher offers.

Corporate advisers expect a more difficult market after a very buoyant period, but also see a silver lining.