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Carlyle backs $1bn Castelion funding round

privateequitywire

3 hours ago

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Carlyle Group has joined JPMorgan Chase and Andreessen Horowitz in a more than $1bn funding round for defence technology company Castelion, highlighting growing PE and institutional investor interest in next-generation weapons manufacturing, according to a report by the Wall Street Journal.
The California-based startup said the Series C financing values it at approximately $13bn. The round comprises about $800m of equity alongside a $250m revolving credit facility and includes a number of other...

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