GLOBAL SWITCH
Description
Data Centres
8 facilities located throughout Europe/Asia Pacific
3,000,000 sq ft
Developed
1999-2003
Investment Summary
Chelsfield originally invested in Global Switch in 1999 to fund the group's development of large Tier 3 data centres in London, Paris, Amsterdam, Frankfurt, Madrid, Singapore and Sydney.
As the century turned, so did the markets and, along with many other dot.com businesses, the group suffered from the global downturn.
In March 2002, Chelsfield took control of the entire business and replaced the board with a turnaround team, which included Matthew Dent as Group Property Director/Deputy CEO. Over the period until Matthew's departure in June 2006, the business was restructured and returned to profitability.
Today the business is privately owned and has a value in excess of £3.5bn.