Sedgwick announces closing of $1B equity investment from Altas Partners and new investments from Carlyle and Stone Point
Sedgwick, a global provider of claims management and business solutions, has announced the closing of a $1B equity investment from Altas Partners. The deal includes new investments from existing investors Carlyle (NASDAQ: CG) and Stone Point Capital, with Carlyle maintaining its control position. CDPQ and Onex continue as minority shareholders. Following Altas' investment, Sedgwick's total enterprise value has reached $13.2 billion, up from $6.7 billion since Carlyle's initial 2018 investment. The company will remain independent and private, focusing on claims handling excellence and technological innovation.
Sedgwick, un fornitore globale di gestione dei reclami e soluzioni aziendali, ha annunciato la chiusura di un investimento azionario di 1 miliardo di dollari da parte di Altas Partners. L'affare include nuovi investimenti da parte degli investitori esistenti Carlyle (NASDAQ: CG) e Stone Point Capital, con Carlyle che mantiene la sua posizione di controllo. CDPQ e Onex continuano come azionisti di minoranza. Dopo l'investimento di Altas, il valore totale dell'impresa di Sedgwick ha raggiunto 13,2 miliardi di dollari, in aumento rispetto ai 6,7 miliardi di dollari dall'investimento iniziale di Carlyle nel 2018. L'azienda rimarrà indipendente e privata, concentrandosi sull'eccellenza nella gestione dei reclami e sull'innovazione tecnologica.
Sedgwick, un proveedor global de administración de reclamaciones y soluciones empresariales, ha anunciado el cierre de una inversión de capital de 1 mil millones de dólares por parte de Altas Partners. El acuerdo incluye nuevas inversiones de inversores existentes Carlyle (NASDAQ: CG) y Stone Point Capital, con Carlyle manteniendo su posición de control. CDPQ y Onex continúan como accionistas minoritarios. Tras la inversión de Altas, el valor total de la empresa de Sedgwick ha alcanzado 13.2 mil millones de dólares, un aumento desde los 6.7 mil millones de dólares desde la inversión inicial de Carlyle en 2018. La empresa seguirá siendo independiente y privada, enfocándose en la excelencia en el manejo de reclamaciones y la innovación tecnológica.
세드윅, 글로벌 클레임 관리 및 비즈니스 솔루션 제공업체,가 10억 달러의 자본 투자를 알타스 파트너스와 마감했다고 발표했습니다. 이 거래에는 기존 투자자인 칼라일(NASDAQ: CG)과 스톤 포인트 캐피탈의 새로운 투자가 포함되며, 칼라일은 지배적 지위를 유지합니다. CDPQ와 오넥스는 여전히 소수 주주로 남아 있습니다. 알타스의 투자 이후, 세드윅의 총 기업 가치는 132억 달러에 도달했으며, 이는 2018년 칼라일의 초기 투자 이후 67억 달러에서 증가한 수치입니다. 회사는 독립적이고 사적으로 유지되며, 클레임 처리 우수성과 기술 혁신에 집중할 것입니다.
Sedgwick, un fournisseur mondial de gestion des sinistres et de solutions commerciales, a annoncé la clôture d'un investissement en capital de 1 milliard de dollars de la part d'Altas Partners. L'accord comprend de nouveaux investissements de la part des investisseurs existants Carlyle (NASDAQ: CG) et Stone Point Capital, Carlyle conservant sa position de contrôle. CDPQ et Onex continuent en tant qu'actionnaires minoritaires. Suite à l'investissement d'Altas, la valeur totale de l'entreprise de Sedgwick a atteint 13,2 milliards de dollars, en hausse par rapport à 6,7 milliards de dollars depuis l'investissement initial de Carlyle en 2018. L'entreprise restera indépendante et privée, en se concentrant sur l'excellence dans la gestion des sinistres et l'innovation technologique.
Sedgwick, ein globaler Anbieter von Schadenmanagement- und Unternehmenslösungen, hat den Abschluss einer 1-Milliarde-Dollar-Eigenkapitalinvestition von Altas Partners bekannt gegeben. Der Deal umfasst neue Investitionen von bestehenden Investoren Carlyle (NASDAQ: CG) und Stone Point Capital, wobei Carlyle seine Kontrollposition beibehält. CDPQ und Onex bleiben Minderheitsaktionäre. Nach der Investition von Altas hat der Gesamtunternehmenswert von Sedgwick 13,2 Milliarden Dollar erreicht, ein Anstieg von 6,7 Milliarden Dollar seit der ursprünglichen Investition von Carlyle im Jahr 2018. Das Unternehmen wird unabhängig und privat bleiben, mit einem Fokus auf Exzellenz im Schadensmanagement und technologische Innovation.
- Enterprise value doubled from $6.7B to $13.2B since 2018
- Secured $1B new equity investment from Altas Partners
- Maintained strong investor backing with Carlyle, Stone Point, CDPQ, and Onex continuing support
- None.
Insights
This significant equity deal showcases remarkable value creation, with Sedgwick's enterprise value nearly doubling from
The transaction structure, maintaining Carlyle's control position while bringing in new strategic capital, provides stability while enabling future expansion. For Carlyle shareholders, this represents successful value creation in their portfolio and potential for continued returns through their maintained stake. The deal reinforces Carlyle's ability to grow portfolio companies and attract co-investment capital, which is important for their asset management business model.
The claims management and loss adjusting sector is experiencing consolidation and technological transformation, making Sedgwick's enhanced capital structure strategically important. The company's ability to attract multiple blue-chip investors signals strong market positioning and growth potential in the insurance services sector.
The retention of existing investors while adding new capital creates a diverse shareholder base that can support both organic growth and potential M&A opportunities. This transaction structure, maintaining independence while securing significant institutional backing, positions Sedgwick to capitalize on digital transformation trends and expansion opportunities in the global insurance services market.
Current investors, including funds managed by global investment firm
"Today marks a significant milestone for Sedgwick as we embark on our journey that brings together a strategic vision building on our global footprint, comprehensive service capabilities and new service offerings for decades to come," said Mike Arbour, CEO of Sedgwick. "We are grateful to our team of investors for their continued support of our work."
Following the investment by Altas, Sedgwick's total enterprise value is now approximately
As Sedgwick continues to grow and expand operations, services and offerings around the world, our colleagues, with the support of the investors, will enhance this mission. The company will continue to remain an independent, private company with an unwavering focus on claims handling excellence, leveraging data and technological innovation to drive new successes.
Morgan Stanley & Co. LLC and BofA Securities served as financial advisors and Latham & Watkins LLP served as legal advisor to Sedgwick. J.P. Morgan Securities LLC and Barclays served as financial advisors and Kirkland & Ellis served as legal advisor to Altas.
About Sedgwick
Sedgwick is a leading global provider of claims management, loss adjusting and technology-enabled business solutions. The company provides a broad range of resources tailored to clients' specific needs in casualty, property, marine, benefits, brand protection and other lines. At Sedgwick, caring counts; through the dedication and expertise of over 33,000 colleagues across 80 countries, the company takes care of people and organizations by mitigating and reducing risks and losses, promoting health and productivity, protecting brand reputations, and containing costs that can impact performance. Sedgwick's majority shareholder is The Carlyle Group; Stone Point Capital LLC, Altas Partners, CDPQ, Onex and other management investors are minority shareholders. For more, see sedgwick.com.
About Altas Partners
Altas Partners is a North American private equity firm focused on selectively acquiring significant interests in high-quality businesses with meaningful growth potential. Altas focuses on services sub-sectors where it has deep expertise, seeking one or two compelling investment opportunities each year. The firm's patient investment philosophy and engaged approach to ownership distinguish Altas as a buyer of choice for many management teams and founders. The firm was founded in 2012 and operates from offices in Toronto and
About
About CDPQ
At CDPQ, we invest constructively to generate sustainable returns over the long term. As a global investment group managing funds for public pension and insurance plans, we work alongside our partners to build enterprises that drive performance and progress. We are active in the major financial markets, private equity, infrastructure, real estate and private debt. As at June 30, 2024, CDPQ's net assets totaled
CDPQ is a trademark registered by the Caisse de dépôt et placement du
About Onex Corporation
Onex invests and manages capital on behalf of its shareholders and clients across the globe. Formed in 1984, we have a long track record of creating value for our clients and shareholders. Our investors include a broad range of global clients, including public and private pension plans, sovereign wealth funds, insurance companies, family offices and high-net-worth individuals. In total, Onex has
Onex is listed on the Toronto Stock Exchange under the symbol ONEX. For more information on Onex, visit https://www.onex.com/. Onex's security filings can also be accessed at https://www.sedarplus.ca/landingpage/.
About Stone Point Capital
Stone Point is an alternative investment firm based in
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SOURCE Sedgwick Claims Management Services, Inc.
FAQ
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