KKR to exit Sedgwick in $6.7 bln sale

Carlyle Group has agreed to buy a majority of Sedgwick in a deal valued at about $6.7 billion. KKR, which invested in Sedgwick in 2014, will fully exit its position once the deal closes. Stone Point Capital LLC and Caisse de dépôt et placement du Québec (CDPQ), together with Sedgwick management, will remain minority investors. Sedgwick, of Memphis, is an insurance claims service provider.

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