Private equity firm HGGC has completed a majority investment in Davies Group, a London-based provider of outsourced insurance services, for an undisclosed amount. The target, as apart of its growth strategy, has completed seven add-on acqusitiosn over the previous four years, now covering both North America and continental Europe.
“This is not your ordinary third party insurance administrator,” says Rich Lawson, CEO of HGGC. “Davies is at the forefront of innovative services within its industry and invests heavily in new technology—such as sophisticated workflow and analytics—that keep them ahead of the pack in the £1.5-billion U.K. and Ireland claims outsourcing market. They are leading the way in new applications like telematics, drones, and mobile imaging for advanced claims management.”