Davies expands services lines with Ambant takeover

Private equity-backed outsourced services provider Davies Group has
bought Ambant from its director-owners to form the basis of a new
insurance services division.
The buyer said Ambant complements Davies' claims solutions,
complaints handling and regulatory services businesses by allowing
it to offer a broader range of services to insurers and
intermediaries.
The purchase is Davies' third since US PE firm HGGCacquired a majority stake in the company in January from Epiris
for enterprise value of