AIMCo to acquire part of HGGC stake in Davies Group
Alberta Investment Management Corp (AIMCo) has agreed to acquire a minority stake in Davies Group, a London-based provider of claims solutions, insurance services and customer experience programs to clients in highly regulated markets. Terms weren't released for the deal, which is expected to close in the second quarter. The seller of the interest is U.S. mid-market private equity firm HGGC. HGGC invested in Davies two years ago and will continue to be its majority shareholder. James Ridout, a director in AIMCo's private equity group, said the Canadian pension fund will help Davies capitalize on additional global growth opportunities.
24 January 2019•3 mins read
