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Atlas Partners to invest in Carlyle's Sedgwick
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Atlas Partners to invest in Carlyle's Sedgwick
Sep 12, 2024 10:31 AM

Sept 12 (Reuters) -

Private equity firm Carlyle Group ( CG )-owned Sedgwick on

Thursday announced a strategic investment from Atlas Partners

that will imply a total enterprise value of $13.2 billion.

Atlas has committed to invest $1 billion of equity as part

of the transaction, the insurance claim service provider said in

a statement.

Sedgwick said its current investors, including Carlyle

and Stone Point Capital, will remain and continue to finance the

business.

Morgan Stanley and BofA Securities served as Sedgwick's

financial advisors for the deal, while J.P. Morgan Securities

and Barclays advised Atlas.

Sedgwick is a global provider of claims management, loss

adjusting and technology-enabled business solutions that helps

companies manage their insurance claims such as workers'

compensation.

In 2018, Carlyle became the majority shareholder in

Sedgwick in a $6.7 billion transaction.

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