From the TES: http://news.tes.co.uk/b/news/2014/01/31/england-39-s-biggest-academy-chain-to-bring-in-private-sector-to-run-schools.aspx
From Unison: https://www.unison.org.uk/news/unprecedented-school-privatisation-would-put-profits-before-pupils
'The seven-year contract, estimated to be worth between £200m and £400m, is likely to affect at least 500 staff across 80 schools.
'The union understands that services would be transferred into a company jointly owned by AET and the company they select as their commercial partners. AET says it would remain as the majority shareholder, but this is not set out in the OJEU notice advertising the contract.'
Deal term: 7 years
Size of deal: £200m-£400m
It would be interesting to know how service providers rate the credit worthiness of AET - whether there are any security arrangements, any guarantees, hedging and who AET's advisers are.
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