Davies posts 23% rise in first half Ebitda

Outsourced insurance services company Davies Group reported
comfortable double-digit increases in Ebitda and revenue from a
first half during which US private equity firm HGGC became its
majority owner.
Davies said revenue in the six months to 30 June rose by 23
percent year-on-year to £55.1mn ($73.0mn) and Ebitda increased
by 38 percent to £10.5mn. The short statement gave no other
measures of profit.
During the period it won 50 new accounts and acquired Cynergie
and Core Claims, wh