Davies, a professional services and technology specialist serving the insurance market, has secured new credit facilities of £275 million ($370 million), from its existing lead lender Blackstone, to support the company’s growth.
The new senior facilities will provide financing to support the firm’s global M&A strategy, investment in GenAI and automation, as well as to help accelerate its organic growth.
This funding will allow Davies to expand its service offering and enter new geographies across North America, and the APAC and EMEA regions.
The company was also able to improve terms across its overall credit facilities, a move that reflects its increasing global scale and diversified revenue base, with annual pro forma revenues expected to top £1 billion for the first time in 2025.
Over the last decade, Davies has acquired over 50 companies across the globe, focusing most recently on enhancing its North American capabilities to deliver comprehensive claims services across the region.
It has also been focusing on adding strategic new services like Forensic Accounting, for its 1,700+ global clients.
The company’s strategic M&A program, combined with its consistent mid to high single digit annual organic revenue growth, has helped increase its revenues to more than 25 times their 2015 levels.
This, Davies states, has helped to position the company as a leading global provider of diversified mission-critical solutions to the global insurance industry and other highly regulated markets.
Dan Saulter, Group CEO at Davies said: “I am pleased to be extending and improving our partnership with Blackstone as we execute on our Vision 2030 strategy. Over the next five years we will deliver on the four pillars of our Vision 2030 plan: significantly increasing investment in GenAI and technology; driving operational excellence across the business; investing in organic growth and cross-selling for our clients; and expanding our solutions and geographic reach. I am excited by our early GenAI and AI successes, and we look forward to bringing new and value-adding solutions to our clients.”
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