Englefield Capital LLP
Michelin House
81 Fulham Road
London SW3 6RD
UK
T. +44(0)20 7591 4200
F. +44(0)20 7591 4222
Englefield Capital LLC
1142 Crane Street, Suite #1
Menlo Park, CA 94025
USA
T. +1 650-328-9100
F. +1 650-328-9110
Englefield Capital Advisors Private Ltd
Trident Hotel, Room 1216
Nariman Point
Mumbai 400 021
India
T. +91-22-6630-1858
F. +91-22-6630-7255
Regulated by the FSA
May 26, 2004
Englefield Capital and Electra Partners Europe have entered into a definitive agreement for the institutional buy-out of Global Solutions Ltd for £207.5 million
GSL is Group4 Falk's UK based facilities management division, and is a leading provider of outsourced support services to public authorities. It is also a leading player in the growing PFI and PPP outsourcing market. The acquisition will initially be funded by equity jointly from Englefield Capital and Electra Partners Europe.
GSL's service offering covers the following three areas:
- Custodial services; prison management, escorting, immigration, custody and training
- Business services: utilities, office accommodation and other managed services
- Public services; healthcare, education and Local Authority services
For 2003 GSL's turnover was circa £300 million and it employs approximately 8,000 people.
Dominic Shorthouse of Englefield and Nigel McConnell of Electra Partners Europe said: "We are delighted to have acquired GSL today. We will provide a solid institutional shareholder base to assist in the company's future development. We believe that the acquisition by Englefield Capital and Electra Partners Europe is a very positive milestone in GSL's development for its customers, management and employees."
