Davies taps £275M in new funding to power GenAI strategy and global expansion
Davies has announced that it has secured new credit facilities of £275 million ($370 million) as it seeks to accelerate its organic and M&A growth strategy.
The new senior facilities, provided by existing lead lender, Blackstone Credit & Insurance (Blackstone), will be used to fund the firm’s global strategic M&A activity, its investment in GenAI and automation, and an acceleration in organic growth, as it delivers on plans to expand its service offering and enter new geographies across North America, and the APAC and EMEA regions.
At the same time Davies was able to improve terms across its overall credit facilities, which it said 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 past decade, Davies has completed 50+ acquisitions across the globe, more recently focusing on adding solutions in North America to provide full scale claims services across the region, and in adding new strategic services, such as Forensic Accounting, for its 1,700+ global clients.
Davies is majority owned by funds advised by BC Partners, with minority investment from AIMCo and HGGC, alongside Davies’ senior management and its wider team, through its innovative Davies Incentive Plan employee ownership program.
Dan Saulter, group chief executive 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.”
Did you get value from this story? Sign up to our free daily newsletters and get stories like this sent straight to your inbox.
