LDC set to test market for £70m Davies sale
Private equity house Lloyds Development Capital is understood to be looking to test the market for realising its investment in claims management and loss adjusting firm Davies and may sell if an offer comes to match its price.
Post believes LDC has drawn up a shortlist of firms to advise on a sale, but it will only be interested in parting with the asset if it can secure a bid in the region of £60m to £70m for the business
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