Davenham Group is an asset based lender. It was founded in 1991 and was the subject of a buyout in 2000. The company floated on Aim on 22 November 2005. A share placing at 254p a share raised £27.7m - £23.5m net - for the company and £16.9m for selling shareholders. ACP Capital built up a 29.1% stake in Davenham in the autumn of 2007 and considered bidding for the company. It decided not to bid in January 2008.