News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Fintech

SoftBank took unusual route to Greensill investment

SoftBank’s investment was structured to avoid triggering checks from regulators in Germany and Australia

The Greensill Bank in Bremen
The Greensill Bank in Bremen Photo: Fabian Bimmer/Reuters

SoftBank had to resort to a complex structure for a $655m investment in Greensill, a UK-based fintech company, to avoid the deal being held up by regulators, according to the start-up’s founder.

The deal, details of which have not previously been disclosed, meant that the Japanese investor currently holds convertible bonds that pay no interest for up to 10 years instead of equity in Greensill.

WSJ Logo