Private Equity Investment Values Sedgwick at $13.2B

Private-equity investment firm Altas Partners LP has committed to invest $1 billion in Sedgwick Claims Management Services Inc., which implies a total enterprise value of $13.2 billion, Sedgwick said Thursday. Sedgwick’s current private-equity investors, including funds managed by Carlyle Group Inc. — the company’s majority shareholder — and Stone Point Capital LLC will “continue to make significant new investments in the business,” Sedgwick said in a statement. The investment by Toronto-based Altas is expected to close in the fourth quarter, the stat...