Sedgwick minority shareholding potentially for sale – report

Sedgwick minority shareholding potentially for sale – report | Insurance Business America

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Sedgwick minority shareholding potentially for sale – report

Preliminary 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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