SoftBank Group Corp’s Vision Fund valued UK-based Greensill Capital at $3.5 billion.
Greensill Capital, a UK-based financing group, has confirmed that SoftBank Group Corp’s Vision Fund has invested $800 million in it.
Greensill, which provides supply chain funding to companies, said it plans to use the funding in part to accelerate its expansion into Brazil and enter other markets including India and China.
On Sunday, Bloomberg had reported that the investment valued Greensill at $3.5 billion.
Morgan Stanley was the financial adviser to Greensill, while Allen & Overy were its legal advisers.