Electra backs Davies for long haul, despite £11m write-down in first year
Davies' private equity backer has committed to working with the loss adjuster for "at least five or six years", despite having to write down a third of the value of its stake in the first year of ownership.
Electra Partners took a majority stake in Davies in September 2011 when it acquired Lloyds Development Capital, the firm that backed a management buyout led by deputy chairman and interim chief
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