Global Solutions Ltd (United Kingdom) - Dec 2007

G4S plc acquired the entire issued share capital of GSL, through its holding company De Facto 1119 Limited (“De Facto”), for a total consideration of £355m, payable in cash on completion. This comprises a payment of approximately £158m for the entire issued share capital of De Facto and the assumption of a maximum of £197m of net debt and working capital. Nigel McConnell and Robert Clarke led the exit for Cognetas (previously Electra Europe) supported by Johannes Meran. The deal represents a multiple of 2.25 times the original investment, according to Cognetas.

Advisers

Equity - Ashurst, Duncan Liddell, Nikolaus Burmeister, Shona Power, Steven Hull (Legal)Equity - UBS AG, (Corporate Finance)Purchaser - Norton Rose LLP, (Legal)

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• UK / Ireland
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• Trade sale