By Pramugdha Mamgain
COO Sanjoy Chatterjee will take additional responsibilities as president-North America and head of business development.
Singapore’s sovereign wealth fund GIC and other infrastructure funds are said to be interested in Cellnex due to its high growth rate, resilient business model and pan-European presence.
The company is working on deals in Saudi Arabia, the United Arab Emirates and Egypt.
Grab was earlier reported to be seeking funding at a $10-billion valuation.
The company had earlier said it may raise funds to strengthen its balance sheet after its losses tripled in the quarter ended March 2018.
Astrea IV Pte’s $90.5-million Class A-1 bond offering for retail investors received about $665.6 million in valid applications. These are the first retail bonds backed by cash flow from private equity investments.
Credit Suisse has announced senior appointments in its Southeast Asia investment banking business based in Singapore.
Naspers is said to be pursuing a deal with Carousell with a view to making it the firm’s key play in SE Asia and other parts of the APAC region.
The round was joined by Rockwell Automation, Schneider Electric-sponsored Aster Capital, Siemens-backed Next47, Envision Ventures, and Tekfen Ventures.
The latest round, which was led by Menlo Ventures and joined by CDPQ, brings total funding raised by Breather to nearly $120 million.