CDPQ joins shareholders of Sedgwick alongside KKR and Stone Point
Sector: Commercial • Location: United States
Source: Caisse de dépôt et placement du Québec
Caisse de dépôt et placement du Québec (CDPQ) announced today a USD 500-million investment in Sedgwick, a leader in third-party claims administration in the United States. After the transaction, CDPQ will hold a significant minority interest in the capital of Sedgwick, in partnership with the existing shareholders, including KKR, the majority shareholder, Stone Point and members of Sedgwick’s mana
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Description
Description | Caisse de dépôt et placement du Québec (CDPQ) announced today a USD 500-million investment in Sedgwick, a leader in third-party claims administration in the United States. After the transaction, CDPQ will hold a significant minority interest in the capital of Sedgwick, in partnership with the existing shareholders, including KKR, the majority shareholder, Stone Point and members of Sedgwick’s management. false false false ABOUT SEDGWICK Sedgwick Claims Management Services, Inc., is a leading global provider of technology-enabled risk and benefits solutions. At Sedgwick, caring counts SM; the company takes care of people and organizations by delivering cost-effective claims, productivity, managed care, risk consulting and other services through the dedication and expertise of more than 14,000 colleagues in some 275 offices located in the U.S., Canada, U.K. and Ireland. Sedgwick facilitates financial and personal health and helps customers and consumers navigate complexity by designing and implementing customized programs based on proven practices and advanced technology that exceed expectations. Sedgwick’s majority shareholder is KKR; Stone Point Capital LLC and other management investors are minority shareholders. For more, see www.sedgwick.com. ABOUT CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC La Caisse de dépôt et placement du Québec (CDPQ) is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans. As at June 30, 2016, it held CA$254.9 billion in net assets. As one of Canada's leading institutional fund managers, la Caisse invests globally in major financial markets, private equity, infrastructure and real estate. CDPQ is present in India through its subsidiary, CDPQ India, located in New Delhi. For more information, visit cdpq.com, follow us on Twitter @LaCDPQ or consult our Facebook or LinkedIn pages. ABOUT KKR KKR is a leading global investment firm that manages investments across multiple asset classes including private equity, energy, infrastructure, real estate, credit and hedge funds. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation at the asset level. KKR invests its own capital alongside its partners' capital and brings opportunities to others through its capital markets business. References to KKR's investments may include the activities of its sponsored funds. For additional information about KKR & Co. L.P. (NYSE: KKR), please visit KKR's website at www.kkr.com and on Twitter @KKR_Co. ABOUT STONE POINT CAPITAL Stone Point Capital LLC is a financial services-focused private equity firm based in Greenwich, CT. The firm has raised and managed six private equity funds – the Trident Funds – with aggregate committed capital of approximately $13 billion. Stone Point targets investments in the global financial services industry, including investments in companies that provide outsourced services to financial institutions, banks and depository institutions, asset management firms, insurance and reinsurance companies, insurance distribution and other insurance-related businesses, specialty lending and other credit opportunities, mortgage services companies and employee benefits and healthcare companies. For further information about Stone Point, visit www.stonepoint.com. false false false |
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Original Currency | USD |
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Source
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Data quality score | 100% |
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URL | obfuscated_data,obfuscateddata.com |
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