The Carlyle Group to become majority investor in Sedgwick in $6.7 billion transaction
Summary
"We are humbled by the confidence they have shown in our business model, and we look forward to partnering with Carlyle on developing and delivering innovative solutions for our clients around the world. We are excited to collaborate with Sedgwick, which has distinguished itself by constantly improving the claims management and loss adjusting process to the benefit of all key stakeholders, including its colleagues, customers, insurance companies and brokers." "We look forward to watching the companys continued success in delivering high quality technology-driven insurance solutions to clients and consumers around the globe." BofA Merrill Lynch, Morgan Stanley and KKR Capital Markets are expected to provide debt financing for the transaction. The company provides a broad range of resources tailored to clients specific needs in casualty, property, marine, benefits and other lines.