Funds advised by BC Partners, an international investment firm, are to to acquire a majority stake in Davies, a specialist professional services and technology business serving the global insurance market.

This new partnership will diversify and strengthen Davies’ shareholder base, as it seeks to drive further global expansion, increase investment in technology and digital transformation, and to continue to partner with complementary businesses via M&A.

Cédric Dubourdieu, Partner at BC Partners, says: “We at BC have been watching Davies’ progression over the past few years with keen interest, as this was a business we knew had serious potential.”

Dan Saulter, Group CEO of Davies, says: “We are excited to welcome BC Partners as a majority investor as we embark on this next phase of international growth and technology investment.”

Read more at Private Equity Wire