Latham & Watkins Advises KKR on Acquisition

Sedgwick Claims Management Services, Inc., a leading provider of technology-enabled claims and productivity management solutions, has announced that KKR, together with management, have signed an agreement to acquire majority ownership of Sedgwick for approximately $2.4 billion from its current group of investors, which includes Hellman & Friedman LLC and Stone Point Capital LLC. As noted in the companies’ press release, below, the transaction is expected to close during the first quarter of 2014, subject to customary conditions and regulatory approvals.

Latham & Watkins LLP represented KKR in the transaction with a corporate deal team led by New York partners Edward Sonnenschein, David Kurzweil and Stephen Amdur. Advice was also provided by Washington, D.C. partners Jeffrey Chenard and Manu Gayatrinath on finance; New York partner David Raab on tax; Washington, D.C. partner David Della Rocca on employee benefits; Los Angeles partner Peter Rosen with counsel Alexandra Roje on insurance; and Washington, D.C. partner Marc Williamson with counsel Sydney Smith on antitrust matters.