Carlyle Affiliates To Become Majority Owner Of Sedgwick In Approx. $6.7 Bln Deal

(RTTNews) - Sedgwick announced that affiliates of funds managed by The Carlyle Group (CG) have agreed to become the majority owner of Sedgwick in a transaction valued at approximately $6.7 billion. Current majority shareholder KKR will fully exit its position following the transaction. Funds managed by Stone Point Capital LLC and Caisse de dépôt et placement du Québec, together with Sedgwick management, will remain minority investors.

Sedgwick is a global provider of technology-enabled risk, benefits and integrated business solutions. The company provides a broad range of resources tailored to clients' specific needs in casualty, property, marine, benefits and other lines. On an annual basis, Sedgwick handles more than 3.6 million claims and has fiduciary responsibility for claim payments totaling more than $19.5 billion.