Debevoise Advises Equity Firms In $1.1B Sedgwick Buy

Law360, New York (April 20, 2010, 5:15 PM EDT) -- Two private equity firms have agreed to pay $1.1 billion to acquire a 100 percent ownership stake in Sedgwick Claims Management Services Inc., an insurance claims administrator that has more than 150 offices and service locations in the United States and Canada.

Sedgwick CMS — whose current group of owners includes Fidelity National Financial Inc., Thomas H. Lee Partners LP, Evercore Capital Partners and other minority shareholders — said Tuesday it had signed an agreement to be bought by private equity firm Stone Point Capital LLC,...
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