Teleport to use $50M raised in pre-IPO capital for more air cargo capacity
Capital A logistics arm valued at $500M pre-money
Teleport, the logistics subsidiary of AirAsia parent Capital A, has raised $50 million in pre-IPO capital from a subscription agreement with funds managed by HPS Investment Partners for redeemable convertible perpetual securities. “The funds will support working capital and growth capital,” Teleport told Cargo Facts. “A large portion will focus on securing more capacity from […]
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