Announced
Financials
Sources
Tags
Private
Private Equity
Single Bidder
Acquisition
Domestic
Pending
Insurance Brokers
insurance services
management services
United Kingdom
Majority
Friendly
Synopsis
BC Partners, an international investment firm, agreed to acquire a majority stake in Davies, a provider of specialist professional services and technology business services, from HGGC, an American middle-market private equity firm, and AIMCo, a diversified institutional investment fund. Financial terms were not disclosed. “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 acquisitions, diversified its service offering and cemented its position as a clear leader in its sector – all whilst upholding its reputation for providing excellent service to its customers,” Cedric Dubourdieu, BC Partners Partner.
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