The corporate will get a majority stake in end-to-end construction services provider Katerra, helping it avoid bankruptcy protection.
Telecommunications and internet conglomerate SoftBank’s Vision Fund 1 has agreed to provide $200m for one of its portfolio companies, US-based construction services provider Katerra.
The investment will give Vision Fund a majority stake in the company, with the stakes of its other shareholders “severely” diluted, people familiar with the matter told the Wall Street Journal.
Katerra offers property developers an end-to-end suite of construction services covering design, engineering and materials provision and manufacturing in addition to the construction itself. CEO…
