PIB backers in $6.7bn Sedgwick deal

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Private equity firm and PIB backer The Carlyle Group has bought a majority stake in Sedgwick for $6.7bn (£5.15bn).

The deal sees previous majority shareholder KKR, an investor in Ardonagh Group, exit the business.

Funds managed by Stone Point Capital and Caisse de dépôt et placement du Québec – which recently took a “significant minority stake” in Hyperion for £298m – and Sedgwick management remain minority investors.

US headquartered Sedgwick handles more than 3.6 million claims a year with

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