HGGC is a leading middle-market private equity company. It recently announced that it has arrived at a definitive agreement to trade a monitory share in Davies Group Ltd., a United Kingdom tech-enabled company that deals in operations management, digital solutions, as well as consulting, to Alberta Investment Management Corporation, on behalf of the latter’s clients. The investment will diversify as well as strengthen the firm’s shareholding base since Davies is seeking to drive progressive growth in the corporation. As such, HGGC will hold the majority share of the Company. Davies is the leading go-to specialist operation and digital solutions partner for companies in regulated markets, such as financial services, utilities, regulated markets, and digital solutions partner. The company provides claims solutions, insurance services, in addition to customer experience programs to over 300 customers in the United Kingdom, Bermuda, and Ireland.
Initially, HGGC invested in Davies in 2017. It has since taken a partnership approach to ownership that has offered Davies with financial as well as strategic resourced to continue its robust organic growth path. From the moment it invested, Davies has acquired as well as integrated 11 businesses to grow its platform. It has also invested in emerging technology to improve its customer value proposition as well as operational efficiencies. HGGC has doubled its yearly revenues in two years. From the onset, the company’s investment in Davies has reflected its philosophy of acquiring attractive platforms and offering them resources and value-added talent to drive growth. As such, the company is proud to have collaborated with Davies Group.