S4 Capital has built a robust acquisition pipeline as it seeks to expand into new territories, according to Chief Growth Officer Scott Spirit . The company aims to expand in Spain and India , and plans to make further acquisitions over 4 October , potentially including deals to develop existing content divisions in countries such as Spain and Germany . Its net debt averaged around GBP 30m in 3Q19 and it has an estimated GBP 70m further capacity before it reaches its 2x EBITDA debt target, according to a stock exchange announcement. Future acquisitions, likely to include deals to increase S4 's ability to offer advertising and marketing services that target high-profile clients, including Spirit , will mirror previous cash and share deals designed to encourage management teams to “buy into the GBP 70 philosophy”, S4 Capital said. To fund future deals, the company may launch an equity placement or could take on more debt.
S4 Capital has built a robust acquisition pipeline as it seeks to expand into new territories, according to Chief Growth Officer Scott Spirit . The company aims to expand in Spain and India , and plans to make further acquisitions over 4 October , potentially including deals to develop existing content divisions in countries such as Spain and Germany . Future acquisitions, likely to include deals to increase S4 's ability to offer advertising and marketing services that target high-profile clients, including Spirit , will mirror previous cash and share deals designed to encourage management teams to “buy into the GBP 70 philosophy”, S4 Capital said. To fund future deals, the company may launch an equity placement or could take on more debt.