Davies Chartered Loss Adjusters in £27m MBO
A £27m management buyout of Davies Chartered Loss Adjusters will see the 39-year-old business reorganised and restructured to strengthen its position in the UK insurance market.
Under the terms of the deal and led by existing key management, Davies Chartered Loss Adjusters LLP (DCLA) will cease to trade, being replaced by Davies Group. The buyout will also provide an exit for a number of the firm’s partners, including senior partner David Ede who will retire soon after the transaction following 39 years’ service.
Davies Group’s management team will be led by new managing director Mark Chapman, formerly deputy senior partner at DCLA. He will be supported by other key
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