12/7/2023 0 Comments Rocket stock market![]() Additionally, we also gain a significant working relationship with Amazon and a Direct-to-Consumer Hub and Centre of Excellence for both Market Rocket and S-Ventures customers. “The acquisition of Market Rocket brings us a unique proprietary D2C approach via the combination of technology and significant proven experience which we intend to deploy to accelerate our brands. ![]() Scott Livingston, S-Ventures Chief Executive Officer commented: Market Rocket is a strategic acquisition and with it they bring the skills and capability that will provide a competitive advantage to our existing brands and give us a solid tech foundation for direct-to-consumer growth.” ![]() “I am incredibly pleased to be welcoming Market Rocket to the S-Ventures family and we look forward to working with Matt, Mia and their team. All Market Rocket staff are expected to remain.ĭavid Mitchell, S-Ventures Chairman commented: S-Ventures will share their growing central services and manage Market Rocket’s finance and administration functions. Mia Briggs has nine years’ e-commerce experience.įollowing the acquisition, Market Rocket will relocate to join S-Ventures whilst remaining as a separate trading entity retaining its current portfolio and continuing to work with new external clients contributing to the overall growth of the Group. Matthew Peck brings 12 years’ experience in founding and running technology-led e-commerce businesses. Market Rocket’s two founders, Matthew Peck and Mia Briggs will add significant digital knowledge to the Board of S-Ventures operating subsidiary as Chief Digital Officer and Head of Amazon, respectively. Management accounts for the 11 months ended 28 February 2022 indicate a significant increase in turnover and profit compared to the previous year. In the year ended 31 March 2021 Market Rocket’s sales were £501k and net profit was £224k. The vendors will be providing the Company with the usual warranties and indemnities under the acquisition agreement. The cash element of the consideration will be funded from the Company’s existing cash resources. The number of additional shares awarded is dependent on Market Rocket’s performance over a three year period following completion. In addition, the vendors will be issued with up to 357,143 shares conditional on performance targets. An additional £400,000 is payable as deferred consideration over three years. £1.6m is payable on completion comprising £100,000 in cash and 2,142,857 new ordinary shares in S-Ventures issued at a price of 70p per share (“New Ordinary Shares”), as compared to the closing mid-market price of an S-Ventures ordinary share of 48p on 23 March 2022. The aggregate consideration for the acquisition payable by the Company is £2.25m (excluding the contingent consideration described below). This diversity in Market Rocket’s client base is due to its ability to identify opportunities, generate the traffic and conversion led strategies to address them and deliver key growth KPIs. Market Rocket works with a broad range of globally recognised brands, products, industry leaders, entrepreneurs and innovative disruptors. These skills and capabilities, combined with strategy and internal resources have created proven market share increases and profitability to clients. Market Rocket uses a unique and proprietary suite of technology platforms and models for the benefit of its clients enabling it to analyse the competitive landscape, identify growth opportunities in any given category and then execute for delivery. ![]() Accredited as an Amazon SPN (Service Provider Network) agency, Market Rocket works directly with brand owners on a global scale. Market Rocket was founded in 2019 and has established itself as one of the UK’s leading agencies within the Amazon ecosystem. Subject to contract and due diligence, the acquisition is expected to complete by 30 April 2022. ![]() S-Ventures PLC, the Company investing in and growing exciting brands across the natural, wellness and food-tech category, is pleased to announce that it has reached an agreement to acquire the whole of the issued share capital of Market Rocket Limited (“Market Rocket” dynamic, growth-focused digital agency that partners exclusively with product and brand owners globally to identify and realise significant digital business opportunities. S-Ventures PLC – Agreement to Acquire Market Rocket Limited RNS Number : 8265FS-Ventures PLC24 March 2022Īgreement to Acquire Market Rocket Limited ![]()
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