Sedgwick Announces Closing of $1B Investment from Altas Partners; Carlyle and Stone Point Investments

Sedgwick announced the closing of a minority investment led by Altas Partners, a North American private equity firm.

Current investors, including funds managed by global investment firm Carlyle and Stone Point Capital LLC, will remain as investors and continue to make 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, according to the company.

Following the investment, Sedgwick’s total enterprise value is now roughly $13.2 billion, an increase from $6.7 billion when Carlyle made its initial investment in Sedgwick in 2018, according to the company.

Morgan Stanley & Co. LLC and BofA Securities served as financial advisors and Latham & Watkins LLP served as legal advisor to Sedgwick. J.P. Morgan Securities LLC and Barclays served as financial advisors and Kirkland & Ellis served as legal advisor to Altas.

Memphis, Tennessee-based Sedgwick is a provider of claims management, loss adjusting and technology-enabled business services.