Africa eCommerce Holding GmbH Financing Round of EUR 120 million
Quasi Ad-hoc Announcement Pursuant to Sec. 19 para. 1 lit. c) of the General Terms and Conditions of Deutsche Börse AG for the Regulated Unofficial Market (Freiverkehr) on Frankfurter Wertpapierbörse
25 NOVEMBER 2014, BERLIN
SummaryExisting shareholders of Jumia invest EUR 120.0 million in the company // Africa Internet Group participates with EUR 108.3 million // Remaining EUR 11.7 million provided by other existing shareholders // Jumia’s post-money valuation increases from EUR 212.5 million to EUR 445.0 million
Berlin, Germany, November 25th, 2014 – Existing shareholders of Africa eCommerce Holding GmbH (“Jumia”) agreed to invest the total amount of EUR 120.0 million in Jumia. Africa Internet Holding GmbH (“Africa Internet Group”) participates in this financing round with an amount of EUR 108.3 million with the remaining EUR 11.7 million being provided by other existing shareholders through intermediate holding company BGN Brillant Services GmbH (“Bigfoot II”). Based on this financing round, Jumia’s post-money valuation increases from EUR 212.5 million to EUR 445.0 million and Rocket Internet AG’s (“Rocket Internet”) total post-money shareholding (all indirect stakes together) in Jumia increases from 26.9% to 28.7%. This results in an increase in the last portfolio value (LPV) of Rocket Internet’s total stake in Jumia of EUR 70.4 million (from EUR 57.3 million to EUR 127.7 million).
The Rocket Internet stake held through the intermediate holding Bigfoot II decreased from 9.8% to 8.1%, but the LPV of this stake increased by EUR 15.0 million from EUR 20.8 million to EUR 35.8 million.
The Rocket Internet stake held through Africa Internet Group increased from 17.2% to 20.6% and the LPV of this stake increased by EUR 55.4 million from EUR 36.5 million to EUR 91.9 million.
For further information, please see the press release issued by Africa Internet Group.
Andreas Winiarski, Senior Vice President Global Communications
T: +49 30 300 13 18 68
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About Rocket Internet
About Rocket Internet
Rocket Internet incubates and invests in internet and technology companies globally. It provides operational support to its companies and helps them scale internationally. Rocket Internet focuses predominantly 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. Rocket Internet’s selected companies are active in a large number of countries around the world with more than 33,000 employees. Rocket Internet SE is listed on the Frankfurt Stock Exchange (ISIN DE000A12UKK6, RKET). For further information please visit www.rocket-internet.com.