This week’s buyout of the week looks to be the acquisition of Sedgwick Claims Management Services by KKR. The company is owned by Hellman & Friedman LLC and Stone Point Capital and the price is USD 2.4 billion, according to Bloomberg.
This is a secondary transaction with PE investors selling to another PE fund manager. Sedgwick Claims Management Services, said in a statement that it is leading provider of technology-enabled employee compensation/insurance claims and productivity management solutions. It sees an alignment between its innovative approach and KKRs.