Carlyle $6.7 billion acquisition of majority stake in Sedgwick

Overview:

• Carlyle has reached an agreement to acquire a majority stake in insurance broker Sedgwick for $6.7 billion from KKR.
• Funds managed by Stone Point Capital and Caisse de dépôt et placement du Québec (CDPQ) will remain as minority investors.
• Bank of America Merrill Lynch was financial advisor to Sedgwick. Morgan Stanley and Sandler O’Neill and Partners were advisors to Carlyle.
• Bank of America Merrill Lynch, Morgan Stanley and KKR Capital Markets are expected to finance the acquisition. 
• The transaction's closing is subject to regulatory approval.

Prin Shasiharan - Researcher