Acquisition of Codebase8 Limited by Davies Group Limited

Deal typePrivate Equity & Transaction Services
IndustryTechnology & Media
Client nameDavies Group Limited

BDO provided financial due diligence for the acquisition of Codebase8 Limited by Davies Group Limited. Codebase8 is a provider of robotic process automation (‘RPA’) software and consultancy services, using RPA technology to automate existing processes within its clients’ operations in order to create efficiency and cost savings gains.

Davies delivers operations, consulting and technology solutions across the risk and insurance value chain, including excellence in claims, underwriting, distribution, regulation, customer experience, human capital, transformation & change management. 
Following the acquisition of Keoghs early in 2020, Davies’ core service lines include: Claims Solutions, Legal Solutions, Insurance Services, and Consulting & Technology (incorporating the specialty consultancy, Ember, and SaaS platforms; ServiceTick & Veriphy).
Davies has a 3,750 strong team of professionals across the UK, Ireland, Bermuda, the US and Canada with headquarters in the City of London.  Davies’ investors are HGGC, AIMCo (acting on behalf of certain of its clients), and Davies’ employees following HGGC’s majority investment in January 2017 and AIMCo’s minority investment in January 2019.