HGGC Engages in the Sale of Their Minority Stake at Davies Group

HGGC is a successful middle market private equity firm. The company has many portfolio companies. Recently, the corporation was their minority state at Davies Group Ltd. The transaction was between the private equity firm and Alberta Investment Management Corp. The transaction went on successfully although no details were released to the public. Davies Group is an insurance and claims company that is based in London. The corporation deals with communications and utilities.

By investing in Davies Group, the Alberta Investment Management Corp. will be able to strengthen the corporation’s shareholder base. They will also enhance the expansion and organic growth within the corporation. Despite selling their minority state, HGGC will still own the majority stake within the firm. Davies Group also provides its services to more than 400 clients based in Ireland, the United Kingdom, North America, and Bermuda.

HGGC initially invested in Davies Group in January 2017. The collaborative approach that has been provided by the private equity firm has led to the growth of the Davies Group. The insurance and claims company has also benefited from the presence of strategic resources. After the investment by HGGC in January 2017, Davies Group has been able to engage in the acquisition of 11 businesses. The corporation has also invested heavily in technology thus enabling them to improve their client value proposition. The Davies has also doubled their revenue, and they are now making more than $150 million annually.

WATCH: Steve Young on his journey from @NFL‘s @49ers to co-founding a global @privateequity firm that oversees portfolio companies that employ more than 62,000 employees worldwide – https://t.co/ztKzHZHry0— HGGC (@HGGC_LLC) May 10, 2018


HGGC initially invested in Davies Group in January 2017. The collaborative approach that has been provided by the private equity firm has led to the growth of the Davies Group. The insurance and claims company has also benefited from the presence of strategic resources. After the investment by HGGC in January 2017, Davies Group has been able to engage in the acquisition of 11 businesses. The corporation has also invested heavily in technology thus enabling them to improve their client value proposition. The Davies has also doubled their revenue, and they are now making more than $150 million annually.

HGGC has always been geared towards acquiring compelling platforms. They also ensure that the companies that they purchase have enough resources at their disposal. The availability of resources ensures that a company will be able to propel its growth rate. Dan Saulter leads Davies Group. He serves as the chief executive officer of the firm. He was excited about the partnership between Davies Group and Alberta Investment Management Corp. According to Dan Saulter, HGGC has proved to be a worthy investment partner. The middle market private equity firm has also been providing invaluable support as well as strategic guidance. The partnership has enabled the firm to triple its annual investment. They have also significantly invested in their people. Their services are also diverse thereby proving to be beneficial to more than 400 insurance clients that rely on Davies Group.

https://www.marketwatch.com/press-release/colin-phinisey-joins-hggc-to-lead-capital-markets-efforts-and-christopher-guinn-joins-as-executive-director-2018-10-01