(Telestock) – sedgwicka global provider of claims management and adjustment solutions, has announced a strategic investment on the part of Altas Partnersa North American private equity firm. Current investors, including funds managed by the global investment firm Carlyle and Stone Point Capital, will remain investors and will continue to make significant new investments in the company, with Carlyle maintaining its controlling position in partnership with Sedgwick’s investor group and management team.
This transaction involves a Total enterprise value of approximately $13.2 billionup from $6.7 billion when Carlyle made its initial investment in Sedgwick in 2018. Altas has committed to invest $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 statement said.
(Photo: Towfiqu barbhuiya on Unsplash)