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Davies Group

Davies Group

March 2021
UK, > £500m

Liberty advises the management team of Davies Group on the acquisition by BC Partners

BC Partners, a leading international investment firm, have signed a definitive agreement to acquire a majority stake in Davies, the leading specialist professional services and technology business serving the global insurance market. Terms of the transaction were not disclosed.

Davies delivers professional services and technology solutions across the risk and insurance value chain, including claims, underwriting, distribution, regulation, customer experience, human capital, digital transformation and change management. It currently employs over 4,000 people supporting more than 800 clients around the world, and in recent years has expanded into new markets including Bermuda, Canada and the US. Through a combination of organic growth and strategic acquisitions, the firm has increased its annual proforma revenues six-fold over the last 4-years, to more than £350 million and Davies has been recognised as one of the UK’s fastest growing international businesses for two consecutive years.

This new partnership will diversify and strengthen Davies shareholder base, as it seeks to 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. 

It was an easy choice for us to re-hire Mick and the team at Liberty. They bring a great combination of straightforward trusted advice, strong negotiation skills, along with an engaging manner. We have a wide shareholder base of senior managers and our wider Davies Incentive Plan members, so it is imperative that we achieved the right outcome for our team

Dan Saulter
CEO of Davies

Mick McDonagh
It was great to work with Dan and his team again on this landmark transaction. They have achieved incredible growth for the business over the past 4 years and delivered excellent returns for their stakeholders. We look forward to seeing the business go from strength to strength with BC Partners, HGGC and Aimco alongside them.”

Michael McDonagh
07715 705 000