Sept 12 (Reuters) -

Carlyle-owned claims management company Sedgwick said

on Thursday it had secured an investment from private equity

firm Altas Partners via a deal that valued it at $13.2 billion.

The valuation is much higher than the $6.7 billion

Sedgwick was worth when Carlyle

made

its initial investment in the company in 2018.

Altas' investment in Sedgwick underscores a gradual

resurgence in private equity deals as firms look to put their

cash to work. Hopes of an imminent rate cut are also prompting a

cautiously optimistic stance from private equity sponsors.

Altas has committed to invest $1 billion of equity as

part of the transaction, Sedgwick said.

Sedgwick's current investors, Carlyle and Stone Point

Capital, will stay on and continue to invest in the business.

"We have known the Sedgwick leadership team for many

years and are thrilled to continue the partnership alongside

Carlyle and Altas," said Jim Carey, co-CEO of Stone Point.

Morgan Stanley and BofA Securities served as Sedgwick's

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

and Barclays advised Altas.

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.