Multidisciplinary team led by members of the firm’s M&A Practice and Insurance Industry Group represented the global claims management provider with a total enterprise value of approximately US$13.2 billion.
Sedgwick, a leading global provider of claims management, loss adjusting, and technology-enabled business solutions, announced the closing of a significant minority investment in Sedgwick led by Altas Partners (Altas), a North American private equity firm, which was made public last month. Current investors, including funds managed by global investment firm Carlyle (NASDAQ: CG) and Stone Point Capital LLC, will remain as investors and continue to make significant new investments in the business, with Carlyle maintaining its control position in partnership with the investor group and the Sedgwick management team. Longtime investors CDPQ and Onex are continuing their support of Sedgwick as minority shareholders. Following the investment by Altas, Sedgwick’s total enterprise value is now approximately US$13.2 billion, an increase from US$6.7 billion when Carlyle made its initial investment in Sedgwick in 2018.
Latham & Watkins LLP represented Sedgwick and Carlyle in the transaction with a corporate deal team led by Washington, D.C. partner Paul Sheridan and New York partners Gary Boss and Alex Kelly, with associates Brad Guest, Zach Lippman, and Harrison Halberg.
