S4 Capital, the new venture helmed by former WPP chief Martin Sorrell, has issued a lengthy disclosure document describing the company for potential investors and Sorrell separately weighed in with his own thoughts on what's next for his company.
In late May, less than two months after Sorrell stepped down as CEO of WPP following an internal investigation into alleged misconduct, Derriston Capital a British firm focused on the medical technology industry said it had reached an agreement to acquire S4 Capital, an investment vehicle backed by Sorrell. In July, S4 Capital said it would be acquiring Dutch digital production company MediaMonks.
In a meeting scheduled for September 27, Derriston Capital plans to vote on the reverse takeover. If it passes, S4 Capital should begin trading on the London Stock Exchange a day later.