Professional services and technology business Davies has secured new credit facilities of £275m from existing lender Blackstone Credit & Insurance. The funds will fuel its global merger and acquisition programme as it seeks to accelerate its growth strategy. Davies has completed more than 50 acquisitions in the past decade.

Dan Saulter, group CEO at Davies, said: “I am pleased to be extending and improving our partnership with Blackstone as we execute on our Vision 2030 strategy. Over the next five years we will deliver on the four pillars of our Vision 2030 plan: significantly increasing investment in GenAI and technology; driving operational excellence across the business; investing in organic growth and cross-selling for our clients; and expanding our solutions and geographic reach.”