Optima acted as Corporate Finance Advisors to Grovelands on its sale to Davies Group
Grovelands, the resourcing and consultancy firm specialising in fraud, financial crime, remediation and regulatory transformation projects to the insurance and other highly regulated markets has been acquired by Davies, the leading specialist professional services and technology business, serving insurance and highly regulated markets.
Globally Davies 4,300 colleagues operate across Bermuda, Canada, Ireland, the UK and US. The business delivers professional services and technology solutions across the risk and insurance value chain, including excellence in claims, underwriting, distribution, regulation, customer experience, human capital, digital transformation & change management.
Dan Saulter, Group CEO of Davies commented: “I’m delighted to welcome Ben and the wider team to Davies. The insurance market is undergoing significant digital and operational transformation. To ensure we can lead this change we must continue to invest in our consulting and technology operations to support our insurance and highly regulated clients. Businesses seeking to deliver transformation and regulatory projects want to do so without disrupting their business-as-usual operations and service delivery, which is where we step in.”
Ben Wilson, CEO of Grovelands added: “We’re delighted to be joining Davies, a likeminded business committed to delivering exceptional client service; and who are at the forefront of innovation.?Davies has an excellent track record of investing in new technology and diversifying its solutions to better serve its clients. The cultural fit was an important factor for us and I’m pleased that this partnership will provide the Grovelands team with more career development opportunities within a fast growing, ambitious firm.”