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Davies and Electra to head out on acquisition trail

Models of people representing mergers and acquisitions

The bosses responsible for acquiring claims management firm Davies last week, in a £60m deal, have vowed to pursue further growth with a variety of acquisition targets.

The agreement, which sees Electra Partners replace Lloyds Development Capital as Davies’ private equity backer, was reached after Electra pumped £49m of equity into the firm, with the existing Davies

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