SoftBank seeks to invest in British financing group Greensill

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SoftBank seeks to invest in British financing group Greensill

The Japanese multinational conglomerate, SoftBank Group Corp., headquartered in Tokyo, had been exploring options of a prospective deal between its Vision Fund and Greensill Capital, a UK-based financing group start-up, while sources with knowledge regarding the issue said that a deal could be announced as early as next Monday (May 13th).

Another gargantuan investment of Tokyo-based SoftBank Corp’s Vision Fund, came at a time, when the Japanese Conglomerate had been seeking options to prepare its Vision Fund for a public market listing. Never the less, reiterating the subject-matter, a Bloomberg report had revealed on Sunday, the 12th of May 2019, that the SoftBank’s Vision Fund had been investing about $800 million for the UK-based financial group, Greensill, whose key business includes providing supply chain funding to the companies.

According to the Bloomberg report published on Sunday (May 12th), the latest SoftBank Corp’s investment would value the seven-year-old, Greensill Capital at $3.5 billion, In point of fact, Japanese SoftBank Corp.

had set off its Vision Fund back in 2017 and inside a couple of years, it had become the largest technology investment fund across the world, while its investments included the Chip-designer ARM, a much-cherished shared workspace start-up firm WeWork and the ride-hailing pioneer, Uber Technologies.

However, while being asked about the latest investment of SoftBank’s Vision Fund, a SoftBank spokesman had declined to comment saying that he was not authorized to unveil the issue on public.