Sedgwick, a leading global provider of claims management, loss adjusting, and technology-enabled business solutions, announced a strategic investment from Altas Partners (Altas), a North American private equity firm. Current investors, including funds managed by global investment firm Carlyle (NASDAQ: CG) and by 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. This transaction implies a total enterprise value of approximately US$13.2 billion, an increase from US$6.7 billion when Carlyle made its initial investment in Sedgwick in 2018. Altas has committed to invest US$1 billion of equity as part of the transaction and will be an active participant in the company’s value creation journey going forward. The transaction is expected to close in the fourth quarter of 2024, subject to customary closing conditions.

Latham & Watkins LLP represents 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. Advice was also provided on insurance matters by New York partner Analisa Dillingham and New York counsel Dean Agnos; on compensation and benefits matters by Washington, D.C. partners David Della Rocca and Nikhil Kumar; on tax matters by New York partner David Raab, with associate Lukas Kutilek; on environmental matters by Washington, D.C. partner James Barrett, with associate Anna Dykema; on real estate matters by New York partner Dara Denberg, with associate Thomas Ficchi; on intellectual property matters by Washington, D.C. counsel Kieran Dickinson, with associate Kellye Quirk; on anti-corruption matters by Washington, D.C. partner Erin Brown Jones; on sanctions matters by Washington, D.C. partner Les Carnegie and Washington, D.C. counsel Catherine Hein, with associate Matthew Crawford; on antitrust matters by Hamburg partner Jana Dammann, Washington, D.C. partners Peter Todaro and Ian Conner, Brussels partner Luca Crocco, and Brussels counsel Wesley Lepla, with associate Nicolas Jung; and on regulatory matters by London partner Stuart Davis, with associates Imaan Nazir and Jarren Koh.