BC Partners to acquire a majority stake in Davies from HGGC and AIMCo.

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.