TIDMCHRY
RNS Number : 3916B
Chrysalis Investments Limited
01 June 2023
The information contained in this announcement is restricted and
is not for publication, release or distribution in the United
States of America, any member state of the European Economic Area
(other than to professional investors in Belgium, Denmark, the
Republic of Ireland, Luxembourg, the Netherlands, Norway and
Sweden), Canada, Australia, Japan or the Republic of South
Africa.
01 June 2023
Chrysalis Investments Limited ("Chrysalis" or the "Company")
Portfolio Update
The Company notes the announcement made earlier today by The
Brandtech Group ("Brandtech") that Brandtech has now completed the
acquisition of Jellyfish, the leading global digital media and
marketing group. The deal creates the number one digital-only
marketing group in the world with over $1bn in revenue, over 7,000
employees, working for eight out of ten of the world's largest
advertisers, and 49 of the top 100.
The announcement by Brandtech follows a period of exclusive
negotiations which were first announced by Brandtech in August last
year. The acquisition further establishes Brandtech as the key
partner to global brands, able to help them connect content, data,
and media at vast scale, using technology and AI.
Jellyfish was founded in 2005 by Rob Pierre and now has more
than 2,000 employees across 38 offices around the world. It joins
Brandtech after its most profitable year yet. Jellyfish is a global
partner in digital and performance marketing to some of the world's
leading brands such as Google, Netflix, and Uber. It is one of the
most globally certified companies across today's platforms
including Google Marketing Platform, Google Cloud, Salesforce,
Snap, Amazon, Facebook and other major social platforms.
Jellyfish joins the group after a period of four years during
which Brandtech has significantly outperformed not only the legacy
ad holding companies but also the technology platforms, with annual
organic revenue growth at an average of more than 30 percent over
the four-year period. Brandtech is also one of CB Insights' Most
Valuable Private Unicorns and was named one of Fast Company's
World's Most Innovative Companies.
This is Brandtech's ninth acquisition and comes after its July
2022 deal to acquire Acorn-i, the global AI-driven e-commerce SaaS
platform and Advanced Amazon Partner, and it solidifies the Group's
position as the next-generation partner for next-generation
marketers.
As reported on 4 May 2023, Brandtech comprises 12.2% of the
Company's portfolio as of 31 March 2023.
Nick Williamson & Richard Watts (co-portfolio managers)
comment:
"We are delighted that Brandtech has been able to complete the
acquisition of Jellyfish which significantly boosts the scale and
profitability of the group. Chrysalis aims to identify companies
that can establish a market leading position in fast growing
markets and this latest acquisition creates the number 1 digital
only marketing group globally with over $1bn of revenues.
Brandtech has significantly outperformed legacy holding
companies in this space since we made our initial investment in
September 2020 and has generated an average of 30% revenue growth
per annum over the last four years. We are very excited about the
prospects for the group."
David Jones, Founder and CEO of Brandtech comment:
"Marketing gets ever more complicated, and our clients come to
us for one thing: to help simplify this very complex world. When I
created the company, we set out to be the best in the world at
helping clients connect content, data and media using technology
and bringing Jellyfish into the Group allows us to take this to the
next level.
Both Brandtech and Jellyfish are industry disruptors at global
scale, both built on founder energy, and both are obsessive about
solving our clients biggest marketing challenges. And we also share
the belief that technology is the key to doing this. I'm obviously
excited about bringing them into the group but even more excited
for what we are now going to be able to deliver for our
clients".
-ENDS-
For further information, please
contact
Media +44 (0) 7976 098 139
Montfort Communications chrysalis@montfort.london
Charlotte McMullen / Toto Reissland
/
Lesley Kezhu Wang
Jupiter Asset Management:
James Simpson +44 (0) 20 3817 1696
Liberum:
Chris Clarke / Darren Vickers
/ Owen Matthews +44 (0) 20 3100 2000
Numis:
Nathan Brown / Matt Goss +44 (0) 20 7260 1000
Maitland Administration (Guernsey)
Limited:
Chris Bougourd +44 (0) 20 3530 3109
LEI: 213800F9SQ753JQHSW24
A copy of this announcement will be available on the Company's
website at https://www.chrysalisinvestments.co.uk
The information contained in this announcement regarding the
Company's investments has been provided by the relevant underlying
portfolio company and has not been independently verified by the
Company. The information contained herein is unaudited.
This announcement is for information purposes only and is not an
offer to invest. All investments are subject to risk. Past
performance is no guarantee of future returns. Prospective
investors are advised to seek expert legal, financial, tax and
other professional advice before making any investment decision.
The value of investments may fluctuate. Results achieved in the
past are no guarantee of future results. Neither the content of the
Company's website, nor the content on any website accessible from
hyperlinks on its website for any other website, is incorporated
into, or forms part of, this announcement nor, unless previously
published by means of a recognised information service, should any
such content be relied upon in reaching a decision as to whether or
not to acquire, continue to hold, or dispose of, securities in the
Company.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
PFUFLFISRAILIIV
(END) Dow Jones Newswires
June 01, 2023 10:10 ET (14:10 GMT)
Chrysalis Investments (LSE:CHRY)
Historical Stock Chart
From Mar 2024 to Apr 2024
Chrysalis Investments (LSE:CHRY)
Historical Stock Chart
From Apr 2023 to Apr 2024
