Sedgwick minority stake potentially for sale – report
Sedgwick minority stake potentially for sale – report | Insurance Business America
Insurance News
Sedgwick minority stake potentially for sale – report
Preliminary discussions reportedly being explored
Insurance News
By
Terry Gangcuangco
Preliminary talks with potential equity buyers are reportedly being explored by claims management giant Sedgwick.
Citing people familiar with the matter, a Bloomberg report said there’s “inbound interest” for minority shareholding and that private deliberations are taking place ahead of a possible sales process.
Sedgwick became majority owned by global alternative asset manager The Carlyle Group following a US$6.7 billion transaction that was completed more than four years ago. At the time, Sedgwick was handling more than 3.6 million claims on an annual basis.
Meanwhile, neither Carlyle nor Sedgwick has confirmed being in discussions with suitors.
What do you think about this story? Share your thoughts in the comments below.
Keep up with the latest news and events
Join our mailing list, it’s free!
