Wednesday, July 4, 2018

Sir Martin Sorrell to raise £1bn war chest

Former WPP boss hopes to create S4 Capital this month issuing 1bn shares valued at £1

Sir Martin Sorrell is seeking to raise a £1bn war chest to buy up companies and build his new international marketing and advertising business.

His new company, S4 Capital, has so far raised £51m cash and has “non-binding” support from a range of investors for up to £150m more.

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from Mergers and acquisitions | The Guardian https://ift.tt/2KLomNk

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