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Slide #19. KKR — Sedgwick Claims Management Services, Inc.
Sedgwick Claims Management Services, Inc.
Sedgwick Claims Management Services, Inc., a leading provider of technology-enabled claims and productivity management solutions, today announced the closing of the previously announced transaction whereby KKR, together with management, has acquired majority ownership of Sedgwick for $2.4 billion from previous investors Hellman & Friedman LLC and Stone Point Capital LLC. Additionally, Stone Point Capital has joined the investment as a minority equity partner.
KKR & Co. is a holding company. Through its subsidiaries, Co. is an investment firm that manages multiple alternative asset classes including private equity, credit and real assets, with strategic partners that manage hedge funds. Co. operates its asset management business in four business lines: Private Markets, which manage and sponsor a group of private equity funds that invest capital for long-term appreciation; Public Markets, which operate its credit and hedge funds platforms on a combined basis; Capital Markets, which is comprised of its global capital markets business; and Principal Activities, which manage the firm's own assets on its balance sheet and deploys capital.
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Strong Buy (3.71 out of 4)