The Virgin Australia sprint has stepped up a gear. Deloitte is calling for the next round of bids (binding bids, in their words) on Friday and the four tyre kickers are doing what they can to secure a place in the final two.

There've been plenty of video calls with Deloitte and Virgin management this week - and we take a look at the four topics bidders are drilling down into.

Elsewhere, we unveil a new roll-up candidate that private equity types are sinking their teeth into, and unveil this week's $1 billion battle in the competitive world of equity capital markets.

Happy reading,
Sarah Thompson, Anthony Macdonald and Tim Boyd
Street Talk Editors