Restructuring a global technology leader
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. Along with many other dotcom businesses, the group suffered from the global downturn, prompting Chelsfield to take control of the entire business in March 2002.
The board was replaced 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, operates 10 facilities and has a value in excess of £3.5bn.