22.07.2016
Rocket Internet SE DE000A12UKK6
DGAP-News: Rocket Internet SE: Global Fashion Group raises EUR 330 million in Funding Round
DGAP-News: Rocket Internet SE / Key word(s): Financing
Rocket Internet SE: Global Fashion Group raises EUR 330 million in Funding
Round
22.07.2016 / 08:04
The issuer is solely responsible for the content of this announcement.
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Rocket Internet SE: Global Fashion Group raises EUR 330 million in Funding
Round
- Global Fashion Group has successfully raised EUR 330 million from
existing investors
- Rocket Internet invested EUR 68 million
- Post the funding round, Rocket Internet holds a stake of 20.4% in GFG
Berlin, Germany, July 22, 2016 - Today, Global Fashion Group ("GFG")
announced a successful funding round of EUR 330 million, which has been
subscribed by existing investors including Rocket Internet SE ("Rocket
Internet") and the Rocket Internet Capital Partners fund ("RICP"). Due to
high demand, the initial underwritten minimum capital raising of EUR 300
million was increased to EUR 330 million. Founded in 2014, GFG is one of
the leading online Fashion businesses in emerging markets. It combines six
leading regional online Fashion businesses, Dafiti in Latin America, Lamoda
in Russia and GUS, Namshi in the Middle East, The Iconic in Australia,
Jabong in India and Zalora in South-East Asia.
Rocket Internet has invested EUR 68 million including the conversion of an
investment in a previous financing round and excluding any commitment from
RICP. The transaction values GFG at EUR 1.0 billion post the investment.
Rocket Internet's direct and indirect stake after the transaction will be
20.4%
"GFG has successfully built its position as market leader in online Fashion
in many key emerging markets", says Oliver Samwer, CEO of Rocket Internet.
"The recent funding round provides GFG with the necessary capital to
continue on that path. We are looking forward to continuing to work with
the GFG team as well as Kinnevik and the other GFG shareholders."
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About Rocket Internet
Rocket Internet builds and invests in Internet companies that take proven
online business models to new, fast-growing markets. Rocket Internet
focuses on five industry sectors of online and mobile retail services that
make up a significant share of consumer spending: Food & Groceries,
Fashion, General Merchandise, Home & Living and Travel. Its network of
companies operates a variety of business models in over 110 countries on
six continents with more than 36,000 employees at the end of 2015. Rocket
Internet SE is listed on the Frankfurt Stock Exchange (ISIN DE000A12UKK6,
RKET). For further information please visit www.rocket-internet.com.
Disclaimer
This document contains forward-looking statements. These statements are
based on the current views, expectations and assumptions of the management
of Rocket Internet SE ("Rocket Internet") and involve known and unknown
risks and uncertainties that could cause actual results, performance or
events to differ materially from those expressed or implied in such
statements. Actual results, performance or events may differ materially
from those described in such statements due to, among other things, changes
in the general economic and competitive environment, risks associated with
capital markets, currency exchange rate fluctuations and competition from
other companies, changes in international and national laws and
regulations, in particular with respect to tax laws and regulations, and
other factors. Rocket Internet does not assume any obligations to update
any forward-looking statements.
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22.07.2016 Dissemination of a Corporate News, transmitted by DGAP - a
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The issuer is solely responsible for the content of this announcement.
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