Print Published 28th Sep 2018, 09:29

Sorrell and co-investors make £38m on launching S4 Capital on stock market

Sir Martin Sorrell and his fellow investors who set up S4 Capital in May this year have made a paper gain of almost £38 million before any material period of trading has taken place under the new management of that company and its first acquisition – MediaMonks Multimedia Holding.

That represents a gain of 74% on their initial £51 million investment – equivalent to acquiring their shares in the public company at a 43% discount.

The paper gain arose after the exchange of their S4 Capital shares for shares in the publicly listed Derriston Capital was approved by shareholders yesterday and trading in Derriston shares was restored this morning.

The value of Sir Martin Sorrell’s personal holding alone has increased by £29.6 million.