Broking Break - Your Top Five
Deals, management exits and FCA guidance were among the top five most clicked on stories by brokers this week.
5) PIB backers in $6.7bn Sedgwick dealThis week private equity firm and PIB backer The Carlyle Group 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
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