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DGAP-News: Rocket Internet SE / Key word(s): Funds

19.01.2017 / 08:00
The issuer is solely responsible for the content of this announcement.


 

Rocket Internet Capital Partners Fund Announces Final Closing with USD 1.0 Billion in Commitments

- The Fund closed at its hard cap of USD 1.0 billion

- Europe's largest early stage and growth capital fund focused on the Internet sector

Berlin, January 19, 2017 - The Rocket Internet Capital Partners fund ("RICP" or the "Fund") has on January 18, 2017 successfully held its final closing at the hard cap of USD 1.0 billion dedicated to early stage and growth equity investments in the global Internet sector. This makes it Europe's largest fund focused on the Internet sector.

The Fund is focused on generating strong returns for investors by investing in market-leading, high growth Internet related businesses. In addition to access to significant financial capital, RICP leverages Rocket Internet SE's ("Rocket Internet") sector know-how, regional and operational expertise as well as its deep network, global reach and access to portfolio companies. The Fund provides funding over the lifecycle of high growth Internet businesses.

RICP seeks to invest in key focus areas of the Internet sector including marketplaces,
e-commerce, financial technology, software and travel. RICP received strong backing from a diverse group of global investors, including financial institutions, pension funds, asset managers, foundations and high net worth individuals. Rocket Internet has contributed ca. 14% of the overall commitments.

"RICP having reached the hard cap of USD 1.0 billion shows the strong interest of leading investors, who share the enthusiasm for the attractive investment opportunity RICP presents", says Oliver Samwer, Rocket Internet's CEO.

Goldman Sachs International acted as placement agent for the Fund.

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Contact

E: [email protected]

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 four industry sectors of online and mobile retail and services that make up a significant share of consumer spending: Food & Groceries, Fashion, General Merchandise and Home & Living. Its network of companies operates in a large number of countries around the world with more than 36,000 employees. Rocket Internet SE is listed on the Frankfurt Stock Exchange (ISIN DE000A12UKK6, RKET). For further information please visit www.rocket-internet.com.

Disclaimer / Important Note

Despite not having control over the key portfolio companies mentioned above, the aggregate financial information is shown on a 100% basis (i.e. 100% of net revenues and EBITDA). The actual legal and economic interest of the Rocket Internet group in the network companies shown above is far lower than 100%. Please refer to Rocket Internet SE's 2015 consolidated financial statements for additional information on the group's consolidation policies and its segment information.

This document contains forward-looking statements. These statements are based on the current views, expectations and assumptions of the management of Rocket Internet SE 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.


 


19.01.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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