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Tag: press release

DDB’s Diane Jackson to Chair LIA’s 2016 Music Video and Production & Post-Production Jury

DDB’s Diane Jackson to Chair LIA’s 2016 Music Video and Production & Post-Production Jury

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Diane Jackson, Chief Production Officer at DDB, has been announced as the Jury President for Production & Post-Production and Music Video at the 2016 London International Awards (LIA). Diane comments: “As a Londoner who is international and has a few awards under my belt, how befitting that I have finally received this honor… but seriously, I am absolutely thrilled to be invited to be the LIA 2016 President of the Music Video and Production & Post-Production Jury.”She adds: “The role of production to elevate and amplify ideas is more important than ever before as we strive to entertain and make meaningful emotional connections in a world saturated with noise and clutter.”Every day Diane Jackson transcends barriers and expectations, not only by what she does for DDB as their Chief

Rocket Internet SE: Q1 Results of Portfolio Companies Show Significant Improvement

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• Net revenue grows by an average of 34% to EUR 532 million Q1 2016 vs. Q1 2015 // • Selected portfolio companies improved adjusted EBITDA on average by 23% on yoy basis // • Adjusted EBITDA margin improvement of 16 percentage points Q1 2016 vs. Q1 2015 Rocket Internet SE’s (“Rocket Internet”, “the Company”) selected portfolio companies have made significant progress on their path to profitability in the first three months of the year. The adjusted EBITDA margin improved by 16 percentage points to negative 22% in the first quarter 2016 compared to the first quarter 2015, thereby reducing absolute EBITDA losses by more than EUR 40 million.The companies across the key sectors Food & Groceries, Fashion, General Merchandise and Home & Living generated EUR 532 million in revenues in Q

Global Fashion Group Raises EUR 300 million in Funding Round

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• Rocket Internet SE (“Rocket Internet”) has committed to invest up to EUR 100 million of the EUR 300 million capital increase (the “Financing”) of Global Fashion Group S.A. (“GFG”) // • Rocket Internet expects to invest up to EUR 85 million including the conversion of an existing investment // • GFG with continued strong operating performance in Q1 2016 and a significant improvement of the Adjusted EBITDA margin by over 10 percentage points compared to Q1 2015 Berlin, Germany, April 27, 2016 – Today, GFG has secured a successful funding round of at least EUR 300 million, which has been underwritten by Rocket Internet and other existing shareholders. Founded in 2014, GFG is the leading online Fashion business in emerging markets. It combines 6 regional brands, Dafiti in Latin America, La

Rocket Internet Portfolio Companies Show Continued Growth and Improvement in Profitability in 2015

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• Continued strong average revenue growth across companies in focus sectors of 69.4% in 2015 // • Six percentage points average improvement in adj. EBITDA margin across companies in focus sectors // • Gross cash position of EUR 1.8 billion // • Rocket Internet SE 2015 full year results in line with expectations // • Rocket Internet sold a 9.1% stake in Lazada to Alibaba for USD 137 million, valuing the company at USD 1.5 billion (c. 15x multiple for Rocket Internet) // Berlin, Germany – The major portfolio companies of Rocket Internet SE’s company network have again grown significantly in 2015 across the key sectors Food & Groceries, Fashion, General Merchandise and Home & Living. These companies experienced strong average revenue growth of 69.4% year over year and also an averag

Rocket Internet sells 9.1% stake in Lazada for USD 137 million

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Berlin, Germany – Rocket Internet has agreed to sell a 9.1% stake, on a fully diluted basis, in Lazada for USD 137 million. Founded in 2012, Lazada is the one-stop eCommerce gateway for local and international sellers and brands to the consumers in six distinct Southeast Asian markets: Indonesia, Malaysia, the Philippines, Singapore Thailand and Vietnam. Lazada and Alibaba also entered into a transaction that includes Alibaba’s investment of USD 500 million in Lazada. Alibaba will become the controlling shareholder of Lazada after the transaction. The transaction equates to an equity valuation of Lazada of USD 1.5 billion.Rocket Internet’s remaining fully diluted stake after the transaction and taking into account Alibaba’s investment of new funds is 8.8%.The valuation of Rocket Internet

Successful First Closing of Rocket Internet Capital Partners Fund

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• First closing of USD 420 million Rocket Internet Capital Partners Fund – an early stage and growth fund with a USD 50 million commitment by Rocket Internet SE • Fund optimizes raising of capital for Rocket Internet’s portfolio companies • Fund provides basis for faster funding of growth opportunities for Rocket Internet businesses and boosting shareholder value Berlin, Germany, 19th January 2016 – Rocket Internet Capital Partners (the “Fund”) has today successfully held its first closing, with total commitments of USD 420 million of which Rocket Internet SE (“Rocket Internet” or “the Company”) contributed USD 50 million, making it already the largest European Internet focused fund and one of the largest European early stage and growth funds, managed by Rocket Internet Capital Partners

Successful First Closing of Rocket Internet Capital Partners Fund

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• First closing of USD 420 million Rocket Internet Capital Partners Fund – an early stage and growth fund with a USD 50 million commitment by Rocket Internet SE • Fund optimizes raising of capital for Rocket Internet’s portfolio companies • Fund provides basis for faster funding of growth opportunities for Rocket Internet businesses and boosting shareholder value Berlin, Germany, 19th January 2016 – Rocket Internet Capital Partners (the “Fund”) has today successfully held its first closing, with total commitments of USD 420 million of which Rocket Internet SE (“Rocket Internet” or “the Company”) contributed USD 50 million, making it already the largest European Internet focused fund and one of the largest European early stage and growth funds, managed by Rocket Internet Capital Partners