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Davies Group chief executive says diversifying its solutions and expanding operations across North America is an ’important plank’ to its growth strategy
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Davies investor BC Partners was founded in 1986 and has €33bn (£28.4bn) in assets under management.
Existing backers HGGC and Aimco will retain a minority stake in the claims business and continue to
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BC Partners Invests in Davies
Funds advised by
Davies, a specialist professional services and technology business serving the global insurance market.
This new partnership aims to diversify and strengthen Davies shareholder base, as well as drive further global expansion, increase investment in technology and digital transformation, and to continue to partner with complementary businesses via M&A. Existing investors
HGGC and
AIMCo will continue to hold minority ownership stakes in the business, alongside the Davies leadership team and employees. BC Partners will also have representation on the board.
Cédric Dubourdieu, partner at BC Partners, said, “We at BC have been watching Davies’ progression over the past few years with keen interest, as this was a business we knew had serious potential. Over this period it has expanded geographically, successfully entering and establishing a presence in the US, Canadian and Bermudian markets, completed more than 30 acquisi