Latham Reps KKR In $2.4B Deal For Sedgwick Majority Stake

Law360, New York (January 27, 2014, 1:46 PM EST) -- Global investment firm KKR & Co. LP has agreed to acquire a majority ownership stake in claims services provider Sedgwick Claims Management Services Inc. for about $2.4 billion, Sedgwick said Monday.

Under the deal, the New York-based investment firm will take over the lion's share of Sedgwick from an investment group that includes private equity firms Hellman & Friedman LLC and Stone Point Capital LLC. That group had purchased the company in 2010 for approximately $1.1 billion.

The deal is expected to be finalized by the end...
To view the full article, register now.