SYDNEY—Bain Capital could return with another bid for Australian wealth manager Insignia Financial after walking back its earlier US$2.18 billion proposal amid tariff-driven market upheaval.

Bain Capital’s Virgin Australia rose in Sydney trading after raising A$685 million ($444 million) in one of the country’s biggest initial public offerings of the year.

SYDNEY— Insignia Financial on Monday said Bain Capital has matched a US$1.8 billion takeover offer by CC Capital Partners, intensifying a tussle for control of the Australian wealth manager.

Bain Capital’s exit leaves Perpetual negotiating with Oaktree-backed financial planner roll-up AZ Next Generation Advisory.

SYDNEY, Oct 10 (Reuters) - Bain Capital has put off its plans for an initial public offering of Virgin Australia airline to next year, a person with knowledge of the matter said on Tuesday.

Virgin Australia owner Bain Capital is launching an initial public offering (IPO) of shares in the carrier, which will see Bain divest a large portion of its stake. The details of the offering ...

Virgin Australia Airlines Pty Ltd. is close to paying A$730 million ($494 million) to its private equity owner Bain Capital, months before a possible listing in Sydney, according to a person ...