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Carlyle In $6.7bn Sedgwick Deal

The Carlyle Group is to become the majority owner of Sedgwick, a global provider of technology-enabled risk, benefits and integrated business solutions, in a transaction valued at approximately $6.7 billion. Current majority shareholder KKR will fully exit its position following the transaction. Funds managed by Stone Point Capital LLC and Caisse de dépôt et placement du Québec (CDPQ), together with Sedgwick management, will remain minority investors. Stephen H. Wise, Managing Director and Global Head of Healthcare for The Carlyle Group, said, "Dave North and Sedgwick's world-class management team have built the company into an industry leader over the last two decades. We are excited to...