Carlyle eyes acquiring Sedgwick for US$6bn
Sedgwick Claims Administration Companies, the biggest insurance coverage claims companies supplier within the US, is in talks a couple of potential sale to personal fairness agency Carlyle.
The corporate may very well be bought for greater than US$6 billion, together with debt, in line with sources with direct information of the discussions.
Sources mentioned that Carlyle has made a better supply for Sedgwick than buyout agency Hellman & Friedman, a former proprietor of the corporate that can also be competing to purchase it.
Sedgwick employs 21,000 folks and is led by president and CEO David North.
The agency is presently integrating world loss adjuster Cunningham Lindsey beneath its model after agreeing to accumulate the agency late final yr; the deal was accomplished in April.
Supply hyperlink – https://insuranceasianews.com/carlyle-eyes-acquiring-sedgwick-for-us6bn/