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GIC Increases Investment in CF Finance/View Venture
CF Finance Acquisition Corp. II and View, Inc. said Monday that GIC, Singapore’s sovereign wealth fund, has agreed to invest an additional $200 million in the previously announced private investment in public equity (PIPE) issuance. The additional investment from GIC increases the fully committed PIPE investment to $500 million.
This past November, CF II, a special purpose acquisition company sponsored by Cantor Fitzgerald, and View, a Silicon Valley-based smart window company, entered into a definitive merger agreement. The transaction is now expected to deliver up to $1 billion of gross proceeds. The combined company will be called View, Inc. and is expected to be publicly listed on Nasdaq.
“View is on a mission to address climate change and human health by making buildings smarter, healthier, more sustainable and more connected,” said Dr. Rao Mulpuri, chairman and CEO of View.
Sidley Austin LLP acted as legal counsel to GIC in connection with the transaction.
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