AIMCo Acquires Minority Stake in Davies Group from HGGC

BC Partners Acquires Majority Stake in Davies

March 15, 2021

Professional Services

BC Partners has agreed to acquire a majority stake in Davies, valuing the London-based insurance services and technology business at about £1.2 billion including debt. Existing investors HGGC and Alberta Investment Management Corporation will retain minority stakes; BC Partners said it will support Davies' global expansion and further investment in digital transformation.

Davies Acquires Keoghs

January 21, 2020

Professional Services

Davies, the London-based specialist professional services and technology group backed by HGGC and AIMCo, has acquired insurance law firm Keoghs from LDC. Keoghs will form a new Legal Solutions arm within Davies, adding roughly 1,700 colleagues and extending Davies’ end-to-end insurance services and claims capabilities; the transaction was announced with closing expected in Q1 2020 subject to regulatory approvals.

Dyal Capital Partners Takes Minority Stake in HGGC

March 26, 2019

Financial Services

Dyal Capital Partners, a division of Neuberger Berman, has acquired a passive non-voting minority stake in Palo Alto–based private equity firm HGGC. The undisclosed investment is a capital infusion intended to strengthen HGGC's balance sheet, support continued platform growth, and increase commitments to its funds while leaving day-to-day management unchanged.

Davies (HGGC Portfolio) Acquires Alternative Service Concepts (ASC)

October 17, 2019

Professional Services

Davies, the HGGC-backed U.K. operations management and digital solutions provider, has acquired Alternative Service Concepts (ASC), a Nashville-based workers' compensation and property & casualty claims administration firm. The acquisition — Davies' 15th under HGGC ownership — expands its North American Claims Solutions capability and further strengthens its end-to-end claims processing and adjusting services.

H.I.G. Capital Acquires DX Group plc

January 29, 2024

Logistics & Distribution

H.I.G. Capital has completed a public-to-private acquisition of DX Group plc (formerly AIM-listed) for an aggregate consideration of £307 million. The acquisition gives H.I.G. control of the UK-based last-mile delivery and logistics provider DX, which operates across the United Kingdom and Ireland and will be supported to accelerate growth across its IDW, 2-Man, logistics and express parcels divisions.

CVC, Nordic Capital and ADIA Complete Acquisition of Hargreaves Lansdown

March 25, 2025

Financial Services

A consortium led by CVC and Nordic Capital, with Platinum Ivy (a wholly-owned subsidiary of ADIA), has completed the acquisition of Hargreaves Lansdown and the company has been delisted from the London Stock Exchange. The consortium said it will partner with management to accelerate Hargreaves Lansdown’s transformation plan, investing in technology, digital channels and service enhancements to improve the client proposition and drive growth in the UK wealth market.