M&A Deal Summary

Davies Acquires Keoghs

On January 21, 2020, Davies acquired business services company Keoghs from LDC

Acquisition Highlights
  • This is Davies’ 2nd transaction in the Business Services sector.
  • This is Davies’ 6th transaction in the United Kingdom.

M&A Deal Summary

Date 2020-01-21
Target Keoghs
Sector Business Services
Buyer(s) Davies
Sellers(s) LDC
Deal Type Add-on Acquisition

Target

Keoghs

Bolton, United Kingdom
Keoghs LLP is a provider of claims-related services to insurers, businesses and other suppliers to the insurance sector. Keoghs specialises in motor, casualty, complex and speciality classes and at any one time. Keoghs LLP was established in 1970 and is based in Bolton, United Kingdom.

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Buyer(S) 1

Buyer

Davies

London, United Kingdom

Category Company
Founded 1968
Sector Insurance
DESCRIPTION

Davies is a specialist professional service and technology business serving the global insurance market. The company delivers professional services and technology solutions across the risk and insurance value chain, including claims, underwriting, distribution, regulation, customer experience, human capital, digital transformation, and change management. Davies was founded in 1968 and is based in London, United Kingdom.


DEAL STATS #
Overall 8 of 8
Sector: Business Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 7 of 7
Country: United Kingdom M&A 6 of 6
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-17 Alternative Service Concepts

Nashville, Tennessee, United States

Alternative Service Concepts LLC the workers’ compensation and property and casualty third-party administrator (“TPA”), Operating nationally across the US, ASC provides specialist end-to-end claims solutions to the US & Lloyds insurance businesses, public entities, self-insured entities, insurance agencies, and brokers.

Buy -

Seller(S) 1

SELLER

LDC

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 3.9B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

LDC is the private equity and investment arm of Lloyds Banking Group. LDC invests in mid-market companies throughout the UK. LDC seeks high growth businesses with at least two years of profitability (greater than £1 million). The Firm looks to commit £2 to £100 million in companies generating at least £5 million in revenue. Areas of interest include cleantech/environmental, construction/property, financial services, healthcare, industrials, retail/consumer, support services, TMT and travel/leisure. Prospective transaction types includes acquisition financings, development capital, equity release, MBOs, MBIs, mergers, private placements, and secondary buy-outs. LDC was formed in 1981 and is based in London.


DEAL STATS #
Overall 147 of 210
Sector: Business Services M&A 15 of 18
Type: Add-on Acquisition M&A Deals 72 of 97
Country: United Kingdom M&A 141 of 204
Year: 2020 M&A 2 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-07 Icon Aerospace Technology

Nottinghamshire, United Kingdom

Icon Aerospace Technology is a designer and manufacturer of polymers which are used in sealing, containment, propulsion and protection systems worldwide. Specialising in solving complex technical challenges, Icon Aerospace Technology create future facing industrial and aerospace solutions which minimise weight and optimise performance. Icon Aerospace Technology was established in 1993 and is based in Nottinghamshire, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-10 Solid Solutions Group

Warwickshire, United Kingdom

Solid Solutions Group is a provider of engineering software solutions like 3D CAD software, simulation software to test and validate design, draft sight 2D CAD, and SolidCAM. Solid Solutions Group was founded in 1998 and is based in Warwickshire, United Kingdom.

Buy -