Sir Martin Sorrell has raised £an additional £11mm ($132m) in funding for his new marketing venture S4 Capital. Sorrell, who recently had a acrimonious departure from WPP, is seeking to build a challenger marketing company specialising in technology, data and content. The money has been boosted by another £50m in debt funding. Sorrell also contributed £40m of his own money into the business, with 100 from other investors who say the former WPP CEO is not yet ready for retirement.
Sir Martin Sorrell has raised £100m ($132m) in funding for his new marketing venture S4 Capital. Sorrell, who recently had a acrimonious departure from WPP, is seeking to build a challenger marketing company specialising in technology, data and content. The money has been boosted by another £50m in debt funding. Sorrell also contributed £40m of his own money into the business, with an additional £11m from other investors who say the former WPP CEO is not yet ready for retirement.