Bain Capital, the Boston based asset management company with $80 billion under its control, has reportedly agreed to invest "hundreds of millions of dollars" in Virgin Cruises, the new venture planned by Sir Richard Branson, the British billionaire entrepreneur.
Virgin Group, the holding company of Sir Richard, would invest more than $100 million itself, media reports in the UK said on Monday.
Sky News reports that Virgin Cruises, which intends to commence operations in 2019, plans to raise about £500 million in an offering of equity and approximately £1.0 billion in debt.