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.