Global Solutions Ltd. - Revision history

Phil Miller: /* MARKET SHARE/IMPORTANCE */

2015-11-25T14:12:50Z

MARKET SHARE/IMPORTANCE

Phil Miller: /* HISTORY */

2015-11-25T14:12:30Z

HISTORY

Phil Miller at 14:11, 25 November 2015

2015-11-25T14:11:10Z

Show changes

Phil Miller at 18:58, 16 November 2015

2015-11-16T18:58:53Z

Phil Miller at 14:10, 15 October 2015

2015-10-15T14:10:50Z

Phil Miller at 14:06, 15 October 2015

2015-10-15T14:06:25Z

Phil Miller at 13:55, 15 October 2015

2015-10-15T13:55:51Z

David at 22:17, 6 March 2007

2007-03-06T22:17:28Z

David at 22:16, 6 March 2007

2007-03-06T22:16:34Z

David: /* References */

2007-02-18T22:16:29Z

References

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 :'GSL is a unique platform in terms of scale, sector and market position. This is a niche growth investment, where organic growth will be achieved through the development of new business both in the public and private sectors. There is also the opportunity to extend the services offered by GSL through targeted acquisitions.'10
-==MARKET SHARE/IMPORTANCE==
+==Market share==
 On its website GSL describes itself as 'one of the fastest growing companies in [the PFI] marketplace', a view that is clearly shared by its new owners and the companies who considered buying it (see Electra and Englefields' comments about growth above).

@@ Line 12: / Line 12: @@
-==HISTORY==
+==History==
-[[Group 4]] owned GSL until 2004, 6.
+[[Group 4]] owned GSL until 2004 [6] - in 2008 GSL was taken over by [[G4S]].
 On its website GSL records its own history in terms of prison privatisation, showing that this was a significant factor in its growth. In 1990, under the Conservative government, the Prison Service invited private companies to bid for contracts to manage prisons. In 1991 GSL, then still owned by Group 4, won the first ever UK private prison contract to manage HMP Wolds in Yorkshire7. In 1994 the company won the UK's first ever PFI prison contract - to build and manage HMP Altcourse, a prison in Liverpool with the capacity to hold 900 people. Altcourse opened in 1997. Since then GSL has expanded to work in more sectors, categorised euphemistically as 'outsourced services', 'care and custody' and 'operational support'8.
@@ Line 43: / Line 43: @@
 :'GSL is a unique platform in terms of scale, sector and market position. This is a niche growth investment, where organic growth will be achieved through the development of new business both in the public and private sectors. There is also the opportunity to extend the services offered by GSL through targeted acquisitions.'10
 ==MARKET SHARE/IMPORTANCE==

← Older revision		Revision as of 18:58, 16 November 2015
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−	Global Solutions Limited (GSL) was formerly the section of [[Group 4 Falck\|Group 4]] covering prison and court services, immigration detention centres, education contracts, meter readings and 'outsourced services'. In May 2004 it was announced that GSL was to be bought by two venture capital companies1, Englefield Capital and Electra Partners Europe. GSL is especially proud of its work in the Private Finance Initiative (PFI) and Public Private Partnership (PPP) sectors – i.e. work with government bodies on privatising, or 'outsourcing', public services such as schools, hospitals and prisons – claiming to be 'a leader in the provision of critical support services for public authorities and corporate organisations internationally'2. The company operates prisons and detention centres, and an increasing quantity of other services, in Britain, Australia and South Africa.	+	Global Solutions Limited (GSL) was formerly the section of [[Group 4 Falck\|Group 4]] covering prison and court services, immigration detention centres, education contracts, meter readings and 'outsourced services'. In May 2004 it was announced that GSL was to be bought by two venture capital companies1, Englefield Capital and Electra Partners Europe. In May 2008, GSL was bought by [[G4S]] (a merger of Group 4 Falck and Securicor).
		+
		+	GSL is especially proud of its work in the Private Finance Initiative (PFI) and Public Private Partnership (PPP) sectors – i.e. work with government bodies on privatising, or 'outsourcing', public services such as schools, hospitals and prisons – claiming to be 'a leader in the provision of critical support services for public authorities and corporate organisations internationally'2. The company operates prisons and detention centres, and an increasing quantity of other services, in Britain, Australia and South Africa.

	GSL's mission statement:		GSL's mission statement:

← Older revision		Revision as of 14:10, 15 October 2015
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−	[[Category: Privatised Services]][[Category: Transnational Corporations]][[Category:Security Industry]][[Category:UK Immigration Detention Contractors]]	+	[[Category: Privatised Services]][[Category: Transnational Corporations]][[Category:Security Industry]][[Category:UK Immigration Detention Contractors]][[Category:Detention Industry]]

← Older revision		Revision as of 14:06, 15 October 2015
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−	[[Category: Privatised Services]][[Category: Transnational Corporations]][[Category:Security Industry]]	+	[[Category: Privatised Services]][[Category: Transnational Corporations]][[Category:Security Industry]][[Category:UK Immigration Detention Contractors]]

← Older revision		Revision as of 13:55, 15 October 2015
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−	[[Category: Privatised Services]][[Category: Transnational Corporations]]	+	[[Category: Privatised Services]][[Category: Transnational Corporations]][[Category:Security Industry]]

← Older revision		Revision as of 22:17, 6 March 2007
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−	Global Solutions Limited (GSL) was formerly the section of Group 4 covering prison and court services, immigration detention centres, education contracts, meter readings and 'outsourced services'. In May 2004 it was announced that GSL was to be bought by two venture capital companies1, Englefield Capital and Electra Partners Europe. GSL is especially proud of its work in the Private Finance Initiative (PFI) and Public Private Partnership (PPP) sectors – i.e. work with government bodies on privatising, or 'outsourcing', public services such as schools, hospitals and prisons – claiming to be 'a leader in the provision of critical support services for public authorities and corporate organisations internationally'2. The company operates prisons and detention centres, and an increasing quantity of other services, in Britain, Australia and South Africa.	+	Global Solutions Limited (GSL) was formerly the section of [[Group 4 Falck\|Group 4]] covering prison and court services, immigration detention centres, education contracts, meter readings and 'outsourced services'. In May 2004 it was announced that GSL was to be bought by two venture capital companies1, Englefield Capital and Electra Partners Europe. GSL is especially proud of its work in the Private Finance Initiative (PFI) and Public Private Partnership (PPP) sectors – i.e. work with government bodies on privatising, or 'outsourcing', public services such as schools, hospitals and prisons – claiming to be 'a leader in the provision of critical support services for public authorities and corporate organisations internationally'2. The company operates prisons and detention centres, and an increasing quantity of other services, in Britain, Australia and South Africa.

	GSL's mission statement:		GSL's mission statement:

@@ Line 3: / Line 3: @@
 GSL's mission statement:
-'Through a policy of openness, reliability and integrity, we will become the service partner of choice for government and corporate organisations, and the preferred employer of their staff.'3
+:'Through a policy of openness, reliability and integrity, we will become the service partner of choice for government and corporate organisations, and the preferred employer of their staff.'3
 In 2005, Britain has the most privatised prison service in Europe and an increasingly hostile attitude towards asylum seekers. Despite receiving heavy criticism from detention industry workers, the prison ombudsman, prison inspectors, visitors to detainees, many organisations which work with detainees and the BBC, GSL is still likely to benefit from the government's increasingly draconian immigration policy. It is also set to gain from the growing trends all over the world for more privatisation of services4, and is at the forefront of exporting prison privatisation.
@@ Line 10: / Line 10: @@
-HISTORY
+==HISTORY==
-For the history of Group 4, which owned GSL until 2004, see Corporate Watch's Group 4 profile6.
+[[Group 4]] owned GSL until 2004, 6.
 On its website GSL records its own history in terms of prison privatisation, showing that this was a significant factor in its growth. In 1990, under the Conservative government, the Prison Service invited private companies to bid for contracts to manage prisons. In 1991 GSL, then still owned by Group 4, won the first ever UK private prison contract to manage HMP Wolds in Yorkshire7. In 1994 the company won the UK's first ever PFI prison contract - to build and manage HMP Altcourse, a prison in Liverpool with the capacity to hold 900 people. Altcourse opened in 1997. Since then GSL has expanded to work in more sectors, categorised euphemistically as 'outsourced services', 'care and custody' and 'operational support'8.
@@ Line 21: / Line 21: @@
 GSL's new owners
-Englefield Capital is a relatively new company. Officially launched at the beginning of 2003, it already has an annual turnover of over £9 million and before-tax profits of over £6 million (figures from 2004). It describes itself as 'a private equity fund with assets under management of € 700m making European private equity investments in buyout and development capital', i.e. it buys companies, or stakes in companies, which it thinks will make profits, then sits back and watches the money come in. The majority of board members have CVs including experience at financial companies and investment banks such as Warburg Pincus, Morgan Stanley and Merril Lynch.
+[[Englefield Capital]] is a relatively new company. Officially launched at the beginning of 2003, it already has an annual turnover of over £9 million and before-tax profits of over £6 million (figures from 2004). It describes itself as 'a private equity fund with assets under management of € 700m making European private equity investments in buyout and development capital', i.e. it buys companies, or stakes in companies, which it thinks will make profits, then sits back and watches the money come in. The majority of board members have CVs including experience at financial companies and investment banks such as Warburg Pincus, Morgan Stanley and Merril Lynch.
 On the company website, Englefield identifies movements in the European business environment and makes conjectures about what the effects of these may be as a rationale for its investment choices. It suggests that shifts in European socio-economics, such as an aging population, are likely to put pressure on traditional state provision of services and propel a shift towards the private sector.
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 Other companies listed in Englefield's portfolio are:
-    * Canopius (formerly Trenwick Managing Agents Ltd), a general insurance company operating in the Lloyd's insurance market in London. Canopius was Englefield's first investment in 2003.
+* Canopius (formerly Trenwick Managing Agents Ltd), a general insurance company operating in the Lloyd's insurance market in London. Canopius was Englefield's first investment in 2003.
-    * Cognita, an independent schools company created especially by Englefield in October 2004 and chaired by former Chief Inspector of Schools Chris Woodhead. Englefield says that it hopes Cognita will become 'the leading independent schools business in the UK'. Cognita already has twenty schools and is 'actively seeking further acquisition opportunities'.
+* Cognita, an independent schools company created especially by Englefield in October 2004 and chaired by former Chief Inspector of Schools Chris Woodhead. Englefield says that it hopes Cognita will become 'the leading independent schools business in the UK'. Cognita already has twenty schools and is 'actively seeking further acquisition opportunities'.
-    * Resolution, a commercial property company. Other investors including Warburg Pincus have also committed to invest in Resolution.
+* Resolution, a commercial property company. Other investors including Warburg Pincus have also committed to invest in Resolution.
-    * TIBH, a financial services company based in Amsterdam but mainly operating in Central and Eastern Europe. Englefield has a 17.2% stake.
+* TIBH, a financial services company based in Amsterdam but mainly operating in Central and Eastern Europe. Englefield has a 17.2% stake.
-    * Zephyr Investment Ltd, another venture capital company.
+* Zephyr Investment Ltd, another venture capital company.
 (Englefield's website has links to all these.)
-Electra Partners Europe is another investment company. Its core values include 'To maintain a sharp investment focus on chosen sectors' and 'To maximise shareholder value'. The directors' backgrounds and previous experience follow a similar theme to those of Englefield, with previous employers including Pricewaterhouse Coopers, KPMG and Ernst and Young. Electra operates from Paris, London and Frankfurt.
+[[Electra Partners Europe]] is another investment company. Its core values include 'To maintain a sharp investment focus on chosen sectors' and 'To maximise shareholder value'. The directors' backgrounds and previous experience follow a similar theme to those of Englefield, with previous employers including Pricewaterhouse Coopers, KPMG and Ernst and Young. Electra operates from Paris, London and Frankfurt.
 An older company than Englefield, Electra has a longer list of investments divided into the following sections: business support services, consumer, industrial, financial services, healthcare, media. It describes the PFI/PPP market as one with 'strong underlying macro growth trends'.
@@ Line 42: / Line 40: @@
 As an 'investment rationale' for the GSL deal, Electra said:
-'GSL is a unique platform in terms of scale, sector and market position. This is a niche growth investment, where organic growth will be achieved through the development of new business both in the public and private sectors. There is also the opportunity to extend the services offered by GSL through targeted acquisitions.'10
+:'GSL is a unique platform in terms of scale, sector and market position. This is a niche growth investment, where organic growth will be achieved through the development of new business both in the public and private sectors. There is also the opportunity to extend the services offered by GSL through targeted acquisitions.'10
 On its website GSL describes itself as 'one of the fastest growing companies in [the PFI] marketplace', a view that is clearly shared by its new owners and the companies who considered buying it (see Electra and Englefields' comments about growth above).
@@ Line 59: / Line 56: @@
 ==Resources==
 * [[Global Solutions Ltd.: Products/Projects]]
 * [[Global Solutions Ltd.: Who, Where, How Much?]]

← Older revision		Revision as of 22:16, 18 February 2007
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	14. P.33, GSL's 2003 annual report.		14. P.33, GSL's 2003 annual report.
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		+	[[Category: Privatised Services]][[Category: Transnational Corporations]]