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…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.