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G4S plc UK DK : Disposal

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2 December 2016

G4S plc

Agreement reached on sale of G4S Secure Solutions (Israel) Ltd ("G4S Israel")

G4S, the leading global integrated security company, announces that it has reached agreement on the sale of G4S Israel to FIMI Opportunity Funds (FIMI) for an estimated net consideration of NIS425m (equivalent to £88m(1)) which will be satisfied in cash at completion. FIMI is a premier Israeli private equity fund.

G4S will retain a presence in Israel through ownership and continued investment in the flagship national police training centre Policity in partnership with FIMI and Shikun & Binui, a major Israeli infrastructure and real estate group.

The sale is subject to government and customary regulatory approvals which are expected within the next three months.  The net proceeds will be used for general corporate purposes.

G4S Israel provides manned security and security systems across Israel. In the year to 31 December 2015, G4S Israel generated profit before taxation of £8m([1]) and, as at 31 December 2015, it had gross assets of £56m(1).

As part of the transaction, senior management in G4S Israel will remain with the business at completion.

Commenting on the transaction, Ashley Almanza, G4S Group Chief Executive Officer said:

"The sale of our business in Israel is part of our active portfolio management programme announced in 2013 to improve our strategic focus and capital discipline.

G4S Israel is a well-managed business that will grow and prosper as part of the FIMI group providing a positive future for our 6,000 colleagues in Israel and long term, high quality service and support to customers operating in the Israeli market."

This announcement contains inside information and the person responsible for making this announcement is Peter David, Company Secretary.

Investor enquiries:

Helen Parris, Director of Investor Relations +44 (0) 20 8722 2125

Media enquiries:

Nigel Fairbrass, Director of Media +44 (0) 7799 894265

Notes to Editors:

About G4S plc

G4S is the leading global, integrated security company, specialising in the provision of security services and solutions to customers. Our mission is to create material, sustainable value for our customers and shareholders by being the supply partner of choice in all of our markets.

G4S is quoted on the London Stock Exchange and has a secondary stock exchange listing in Copenhagen. G4S is active in around 110 countries and has 600,000 employees. For more information on G4S, visit www.g4s.com.

About FIMI Opportunity Funds:

FIMI is the leading private equity firm in Israel with more than $3 billion in assets under management. Since its founding in 1996, FIMI has successfully completed 83 investments, executed 52 exits with total transaction value of more than $4.5 billion, and raised six funds. FIMI typically invests in mature Israeli and Israeli-related companies.



[1] Estimated net consideration converted at the current GBPNIS exchange rate of 4.84.  G4S Israel profit before taxation for the year to 31 December 2015 of NIS 47m converted at the average GBPNIS exchange rate for the twelve months to 31 December 2015 of 5.94. G4S Israel gross assets as at 31 December 2015 of NIS 324m converted at the spot GBPNIS exchange rate as at 31 December 2015 of 5.74.




This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: G4S plc UK DK via Globenewswire

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