NU Online News Service, April 20, 12:25 p.m. EDT

Sedgwick Claims Management Services Inc. announced that it will be acquired for $1.1 billion by investment funds affiliated with Stone Point Capital LLC and Hellman & Friedman LLC.

The Memphis, Tenn.-based claims service giant, that provides claims and productivity management solutions to corporate and institutional clients, said a signed agreement transfers 100 percent ownership from its current group of investors which includes Fidelity National Financial Inc., Thomas H. Lee Partners, L.P., Evercore Capital Partners and other minority shareholders.

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