Davies Group Acquisition, Valuation, Funding & Investors

Davies Group was acquired by BC Partners and AIMCo for $1.7B in March 2021.

Davies Group acquisition price

$1.7B

Acquired by BC Partners, AIMCo · Mar 2021

Key investors in Davies Group

  • AIMCo

Davies Group Overview

About Davies Group

Davies Group is a specialist professional-services and technology business serving insurers, brokers and other regulated clients. The London-headquartered company provides claims administration, insurance operations, consulting and technology-enabled services. It earns contractual service fees by operating outsourced workflows and supplying specialist advice. Davies has expanded internationally through organic growth and acquisitions while retaining a focus on insurance and highly regulated markets. HGGC backed the company before AIMCo made a minority investment in January 2019. BC Partners agreed to acquire a majority interest in 2021, with AIMCo and HGGC retaining minority positions. The company is an operating services platform rather than an investment fund or insurance carrier.


Founded

1968

HQ

United KingdomLondon

Status

Acquired

Customer focus

B2B

Revenue model

Services

Valuation

$1.7B (acquired Mar 2021)

Davies Group Acquisition

Davies Group was acquired by BC Partners and AIMCo for $1.7B on 16 March 2021.

Davies Group is a leading British specialist professional services and technology company serving the global insurance market, providing comprehensive solutions including claims, underwriting, distribution, regulation, and digital transformation services. The company was headquartered in London with offices across multiple countries including the US, Canada, Ireland, and Bermuda, and employed approximately 5,000 colleagues globally at the time of the transaction. BC Partners signed a definitive agreement on 16 March 2021 to acquire a majority stake in Davies from existing investors HGGC and AIMCo, who retained minority ownership alongside the Davies leadership team and employees. The transaction closed in August 2021 following regulatory approvals. BC Partners, a leading international investment firm with approximately €33 billion in assets under management, intended to leverage its global network and sector expertise to support Davies' continued international expansion, increase investment in technology and digital transformation, and pursue further acquisitions. Under BC Partners' ownership, Davies subsequently tripled its annual revenues and completed major strategic acquisitions, including Canada's largest claims processing provider SCM Insurance Services, which by late 2021 brought combined annual revenues to approximately $1.4 billion with a team of 9,500 colleagues operating across 22 countries.

Davies Group acquisition details
AcquirerDateTypePrice
  • BC Partners
  • AIMCo
16 Mar 2021PE buyout$1.7B

Sources: aimco.ca

Davies Group Funding History

Davies Group has raised 1 funding round.

Davies Group funding rounds
DateStageInvestorsDeal Summary
Jan 2019Strategic investmentAIMCoIn January 2019, AIMCo made a minority investment in Davies Group, the specialist insurance-services and technology company. The transaction placed AIMCo alongside then-sponsor HGGC and the Davies management team as the company pursued international growth. AIMCo's later announcement about BC Partners' 2021 acquisition expressly identifies the January 2019 investment and confirms that AIMCo was an existing minority owner. Davies provided claims administration, insurance operations, consulting and technology-enabled services to regulated clients. The reviewed primary disclosure does not give an exact January day, stake percentage, consideration, valuation or primary capital amount. The later BC Partners transaction is represented by existing live row b7752511-0619-4d62-975d-bde120e50e52 and receives a party correction rather than a duplicate deal.

Who has invested in Davies Group?

1 investor has backed Davies Group across its funding rounds, including AIMCo.


Davies Group Investors

Investors in Davies Group by funding rounds participated
InvestorHQRoundsRoleFirst check

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Acquisitions by Davies Group

Davies Group has acquired 27 companies to date.

Last acquisition by Davies Group was on November 10th 2025. Davies Group acquired ClaimsPro for undisclosed valuation.


Latest Acquisitions by Davies Group

ClaimsPro
SCM Insurance Services
International Programs Group
Pario Engineering and Environmental Sciences
Description
ClaimsPro is an adjusting firm offering claims management and risk services.
SCM Insurance Services is a brokerage offering coverage for energy, mining, agriculture, and construction risks from Edmonton, Canada. Founded in 1986, it arranges policies for oil and gas operators, manufacturers, and transporters, including environmental liability and cargo transit. The firm administers third-party claims and captives across Canada.
International Programs Group is a third-party claims administrator handling workers' compensation, liability, and specialty insurance claims from its offices in New Jersey. The firm processes over 100,000 claims annually for travel, construction, and healthcare programs, providing triage, investigation, and settlement services under ISO guidelines.
Pario Engineering and Environmental Sciences is a Toronto-headquartered firm delivering forensic engineering investigations for insurance claims and litigation. Services include structural failure analysis, fire origin determination, and environmental contamination assessments using 3D laser scanning and drone inspections. Founded in 2010, it employs over 100 engineers across 15 Canadian offices, supporting cases for insurers like Intact and Aviva with reports cited in 5,000 court proceedings.
HQ CountryCanadaCanadaCanadaCanada
HQ City
Edmonton
Edmonton
Toronto
-
Deal Date10 Nov 202510 Nov 202510 Nov 202510 Nov 2025
Valuationundisclosed$4.3Bundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Davies Group Competitors

Davies Group competitors include listed companies like Grupo Profuturo, eClerx Services, Concentrix and Insperity, and private ones like Cover Genius and AmWINS.

Public and private companies comparable to Davies Group
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Grupo ProfuturoMexicoMexicoPublicly listed$1.9B$356M$1.8B-
eClerx ServicesIndiaIndiaPublicly listed$437M$119M$1.6B3.0x
ConcentrixUnited StatesUnited StatesPublicly listed$9.8B($231M)$1.9B0.6x
InsperityUnited StatesUnited StatesPublicly listed$6.8B$35M$1.9B0.3x
Cover GeniusAustraliaSydneyPrivate--$1.9B-
AmWINSUnited StatesCharlotte, NCPrivate-$117M$1.5B-

Davies Group Public Comps

Davies Group is no longer listed, but its public comps include Grupo Profuturo, eClerx Services, Concentrix, Amano, Insperity, Tompkins Financial, Zensar Technologies, TKC, Goosehead Insurance and Prudent Corporate Advisory Services.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Grupo Profuturo$1.9B$356M1.0x-5.3x-
eClerx Services$437M$119M3.4x3.0x12.3x12.3x
Concentrix$9.8B($231M)0.6x0.6x(25.9x)4.9x
Amano$1.1B$230M1.1x1.1x5.5x5.7x
Insperity$6.8B$35M0.3x0.3x50.7x9.2x
Tompkins Financial$254M-5.6x3.9x--
Zensar Technologies$604M$107M1.7x1.6x9.6x10.2x
TKC$528M$133M2.1x2.0x8.3x-

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Common questions about Davies Group

When was Davies Group founded?Davies Group was founded in 1968.
Where is Davies Group headquartered?Davies Group is headquartered in London, United Kingdom.
Is Davies Group publicly listed?No, Davies Group was acquired by BC Partners and AIMCo in March 2021.
Who acquired Davies Group?Davies Group was acquired by BC Partners and AIMCo in March 2021.
How much was Davies Group acquired for?Davies Group was acquired for $1.7B in March 2021.
What was Davies Group's last funding round?Davies Group's last funding round was a strategic investment round in January 2019.
Who are Davies Group's investors?Davies Group's investors include AIMCo.
Which companies are comparable to Davies Group?Companies comparable to Davies Group include Grupo Profuturo, eClerx Services, Concentrix, Insperity, Cover Genius and AmWINS.
How many companies has Davies Group acquired?Davies Group has acquired 27 companies, including ClaimsPro, SCM Insurance Services, International Programs Group, Pario Engineering and Environmental Sciences and Premier Claims Management.
What was the largest acquisition by Davies Group?The $4.3B acquisition of SCM Insurance Services in November 2025 is the largest acquisition Davies Group has made to date.

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