Davies Group has secured new credit facilities worth £275m ($370m), a move aimed at accelerating its organic growth and mergers and acquisitions (M&A) strategy.

Blackstone Credit & Insurance, the existing lead lender, is providing the funds, which will facilitate the company's global M&A activities, investment in generative AI (GenAI) and automation, and organic growth acceleration.

The company plans to use these facilities to expand its service offerings and enter new geographies, with a focus on North America and the APAC and EMEA regions.

It expects annual pro forma revenues to surpass £1bn by 2025.

Over the past decade, Davies has completed more than 50 acquisitions globally, with recent efforts concentrated on enhancing solutions in North America and adding new services such as forensic accounting.

This has contributed to the company's revenue growth, which has increased more than 25-times since 2015.

The majority ownership of Davies resides with funds advised by BC Partners, with additional investments from AIMCo and HGGC.

Davies' senior management and the broader team also have a stake in the company through the Davies Incentive Plan employee ownership programme.

Davies Group CEO Dan Saulter 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.

In December last year, the company expanded its portfolio with the acquisition of Premier Claims Management, enabling Davies to offer professional and general liability claims services including litigation expertise.

"Davies gets £275m in credit facilities from Blackstone " was originally created and published by Life Insurance International, a GlobalData owned brand.

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