SoftBank-Backed Greensill May Raise Capital for Expansion
- Billionaire’s firm says it’s eyeing a valuation of $7 billion
- Covid has accelerated company’s growth, spokesperson says
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Billionaire Lex Greensill’s firm is considering raising capital as its banking arm faces regulatory scrutiny and many of its clients hit financial difficulties this year.
SoftBank Group Corp.-backed Greensill Capital, a provider of supply chain finance, may look to raise funds that could value the firm at $7 billion, according to a company statement late Thursday. That would double the valuation the company achieved a year ago, according to Dow Jones, which reported the plan earlier. Greensill Capital didn’t specify how much it could seek to raise.