Deal Snapshot
THE CARLYLE GROUP TO BUY MAJORITY STAKE IN INSURER SEDGWICK IN USD 6.7BN DEAL
Thursday 13 September 2018

Affiliates of funds managed by alternative asset manager The Carlyle Group (NASDAQ: CG) have agreed to become the majority owner of US-based insurer Sedgwick in a transaction valued at approximately USD 6.7bn, the companies said.
Sedgwick is a global provider of technology-enabled risk, benefits and integrated business solutions. Current majority shareholder KKR (NYSE: 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.


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Details
Date Published: 13/09/2018
Target: Sedgwick/majority stake
Country: USA
Deal Size: 6.7bn (USD)
Sector: Insurance
Type: LBO
Financing: Cash
Status: Agreed
Vendor:
Buyer: The Carlyle Group affiliates
Buyer Advisor: Morgan Stanley , Sandler O´Neill + Partners , Wachtell, Lipton, Rosen and Katz
Comment:


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