Liberty Corporate Finance is pleased to announce the completion of the buyout of Davies Group, a leading third party administrator for claims and insurance services, by HGGC.
The US private equity firm HGGC has taken a majority stake in the business as it embarks on the next phase of its growth and development. The deal provides a successful exit for Epiris, who invested in 2011.
Davies is a leading third party administrator (“TPA”), providing claims and insurance services to more than 100 clients across the UK & Ireland. HGGC’s investment will allow Davies to continue its strategy of investing in niche lines, technology and technical expertise.
Over the past four years Davies has delivered significant growth through a combination of winning new strategic partnerships and via targeted acquisitions.
Davies has completed seven bolt-on deals that have added technical expertise and a range of new services to its insurer, MGA, broker and corporate client base. Alongside its established UK & Ireland claims strategy, Davies will additionally target new segments of the insurance services and specialty BPO markets, and overseas expansion for its claims business.
Liberty were appointed by CEO Dan Saulter and the Davies management team to advise them on the transaction.
Dan Saulter, CEO of Davies Group said:
"The team at Liberty provided the right combination of strong commercial advice alongside well-honed negotiation skill. We would have no hesitation in recommending Liberty”