Sedgwick minority equity potentially for sale – report
Sedgwick minority equity potentially for sale – report | Insurance Business Canada
Insurance News
Sedgwick minority equity potentially for sale – report
Non-formal talks 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.
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