HGGC-backed Davies to acquire TriPlus from Oak Hill Capital Partners.

HGGC-backed Davies, a specialist professional services and technology business, agreed to acquire TriPlus, the long term care insurance third party administrator, from private equity firm Oak Hill Capital Partners. Financial terms were not disclosed. "I’m thrilled that the TriPlus team have decided to join Davies and partner with us as we look to grow our Claims Solutions business in the US and broaden the range of services we can provide to our clients. TriPlus has an excellent reputation and their client service focused culture is closely aligned with ours," Dan Saulter, Davies CEO.