Exits

Global Solutions

In May 2004, Englefield agreed to purchase Global Solutions Ltd ("GSL"), a leading UK and overseas provider of outsourced services to public authorities and operators within the growing PFI and PPP outsourcing market. GSL's service offering incorporates: Custodial Services - prison management, escorting, immigration, custody and training; Integrated Services - project management, maintenance and logistics solutions for the healthcare, education and local authority sectors; Metering and Managed Services - gas and electricity meter reading and data aggregation services for utilities. For 2006 GSL's turnover was circa £400 million. Englefield acquired GSL in partnership with Cognetas LLP.

In May 2008, Englefield completed the sale of GSL to G4S plc for a gross enterprise valuation of £355 million.