Sigfox, the world’s leading provider of connectivity for the Internet of Things (IoT), has announced that Khazanah Nasional Berhad, the strategic investment fund of the Government of Malaysia, has acquired a minority stake in the company.
Khazanah joins Alto Invest, Salesforce Ventures, Henri Seydoux, Swen CP, Tamer Group and Total as new investor in Sigfox.
Over the past few years, Sigfox has deployed its presence in South-East Asia by opening up its regional headquarters in Singapore and securing contracts with local channel partners in Taiwan, Hong-Kong, Singapore and Japan, where the network is already present.
Lazard acted as sole financial advisor to Sigfox, with Skadden acting as legal advisor.
Jones Day has advised Khazanah Nasional Berhad on the deal with a team led by Renaud Bonnet.
Involved fees earner: Renaud Bonnet – Jones Day;
Law Firms: Jones Day;
Clients: Khazanah Nasional Berhad;