Rocket Internet AG / Key word(s): Financing
Westwing Group GmbH Financing Round of EUR 25 million
Berlin, Germany, 7th January 2015 - Existing shareholders of Westwing Group GmbH ("Westwing") agreed to invest a total amount of EUR 25 million in Westwing. Based on this financing round, Westwing's post-money valuation of EUR 353 million increases to EUR 449.2 million. Rocket Internet's total shareholding (direct and indirect) in Westwing changes from 33.7% to 34.0% (capital increase and secondary transaction). This results in an increase in the last portfolio value ("LPV") of Rocket Internet's stake in Westwing by EUR 33.9 million (from EUR 118.8 million to EUR 152.7 million).
For further information, please see the press release issued by Westwing today.
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