The $6.7 billion deal will befinalized later this year. (Photo: Sedgwick)
Today, Sedgwick announced that affiliates of funds managedby global alternative assetmanager The Carlyle Group have agreed to become the majorityowner of Sedgwick, in a transaction valued at approximately $6.7billion.
|Each year, Sedgwick handles more than 3.6 million claims and hasfiduciary responsibility for claim payments totaling more than$19.5 billion. The Carlyle Group is a global alternative assetmanager with $210 billion of assets under management across 335investment vehicles.
|Current majority shareholder KKR will fully exit its positionfollowing the transaction. Together with Sedgwick management, fundsmanaged by Stone Point Capital and Caisse de dépôt et placement duQuébec will remain minority investors.
|All involved parties are working to close the deal later thisyear, subject to customary closing conditions, including regulatoryapprovals.
||Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
