HGGC closed its agreement to sell a majority stake in Davies, the leading specialist professional services and technology business serving the global insurance market, to BC Partners. HGGC and AIMCo will continue to hold minority stakes following the completion of the transaction. The transaction is subject to regulatory approval.

Founded in 1986, BC Partners is a leading alternative investment manager focused on private equity, credit, and real estate, with deep networks across Europe and North America.

HGGC is leading middle-market private equity firm with $5.4 billion in cumulative capital commitments. Since 2007, HGGC has completed 200 portfolio investments and transactions with a total enterprise value of over $28 billion.

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Source: Global Legal Chronicle

By Federica Tiefenthaler