Print Published 4th Jul 2018, 16:34

Sorrell to raise £1 billion for acquisitions: first deal is near

Sir Martin Sorrell’s new acquisition vehicle S4Capital is planning to raise £1 billion in additional share capital to fund acquisitions, one of which is already in the pipeline.

It has already been widely reported that the first acquisition is expected to be MediaMonks, a “creative production” agency headquartered in Amsterdam with offices in London, New York, Los Angeles, Sao Paulo, Buenos Aires, Mexico, Stockholm, Dubai and Shanghai.

As with any acquisition, there are likely to be other interested parties and so there can be no certainty that the deal will be concluded.

Nevertheless, it is understood that negotiations are well advanced and the deal could be completed well before S4Capital’s shares are listed on the London stock exchange towards the end of this month.