KKR to invest in Sedgwick

MEMPHIS, Tenn., Jan. 27, 2014 /CNW/ - Sedgwick Claims Management Services, 
Inc., a leading provider of technology-enabled claims and productivity 
management solutions, announced today 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. 
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"We couldn't ask for a better partner in the next stage of Sedgwick's 
evolution," said David A. North, president and CEO of Sedgwick. "KKR has an 
exceptional record of investing in financial services companies and will be a 
valuable strategic resource for our organization. We share a commitment to 
continued innovation in the claims and productivity management industry. My 
colleagues and I look forward to collaborating with KKR as we develop 
solutions for the changing needs of our clients." 
"This is a critical time for employers as they adjust to an evolving health 
care delivery model, the shifting demographics of the workforce and a 
multitude of additional challenges," said Tagar Olson, Member of KKR and head 
of its financial services investment practice. "Sedgwick has an exceptional 
management team, a strong track record of innovation and the technology-driven 
solutions to address these challenges. We believe our partnership will enable 
them to maintain and enhance their leadership position in the industry." 
On an annual basis, Sedgwick handles more than 2.1 million claims and has 
fiduciary responsibility for claim payments totaling more than $11 billion. 
The transaction is expected to close during the first quarter of 2014, subject 
to customary conditions and regulatory approvals. 
Equity for the investment was provided principally by KKR's North American XI 
private equity fund. UBS Securities LLC, Deutsche Bank Securities, Morgan 
Stanley, Mizuho, KKR Capital Markets LLC and MCS Capital Markets LLC provided 
financing for the transaction. Simpson Thacher & Bartlett LLP and Latham & 
Watkins LLP provided legal counsel to Sedgwick and KKR, respectively. 
About Sedgwick  Sedgwick Claims Management Services, Inc. is the leading North 
American provider of technology-enabled claims and productivity management 
solutions. Sedgwick and its affiliated companies deliver cost-effective 
claims, productivity, managed care, risk consulting and other services to 
clients through the expertise of more than 11,000 colleagues in some 200 
offices located in the U.S. and Canada. The company specializes in workers' 
compensation; disability, FMLA, and other employee absence; managed care; 
general, automobile, and professional liability; warranty and credit card 
claims services; fraud and investigation; structured settlements; and Medicare 
compliance solutions. Sedgwick and its affiliates design and implement 
customized programs based on proven practices and advanced technology that 
exceed client expectations. For more, see www.sedgwick.com. 
About KKR  Founded in 1976 and led by Henry Kravis and George Roberts, KKR is 
a leading global investment firm with $90.2 billion in assets under management 
as of September 30, 2013. With offices around the world, KKR manages assets 
through a variety of investment funds and accounts covering multiple asset 
classes. KKR seeks to create value by bringing operational expertise to its 
portfolio companies and through active oversight and monitoring of its 
investments. KKR complements its investment expertise and strengthens 
interactions with investors through its client relationships and capital 
markets platform. KKR is publicly traded on the New York Stock Exchange 
(NYSE:KKR) and "KKR," as used in this release, includes its subsidiaries, 
their managed investment funds and accounts, and/or their affiliated 
investment vehicles, as appropriate. For additional information, please visit 
KKR's website at www.kkr.com. 
About Hellman & Friedman Hellman & Friedman LLC is a leading private equity 
investment firm with offices in San Francisco, New York and London. Since its 
founding in 1984, H&F has raised and, through its affiliated funds, managed 
over $25 billion of committed capital. The Firm focuses on investing in 
superior business franchises and serving as a value-added partner to 
management in select industries including financial services, insurance, 
software, business & marketing services, internet & digital media, media, 
healthcare and energy & industrials. For more information on H&F, visit 
www.hf.com. 
About Stone Point Capital Stone Point Capital is a global private equity firm 
based in Greenwich, Conn. Stone Point serves as the manager of the Trident 
Funds, which have raised more than $10 billion in committed capital to make 
investments in the insurance, employee benefits and financial services 
industries. Stone Point has a 25-year record of making successful investments 
in the financial services industry, including in the insurance services 
sector. For further information about Stone Point, see www.stonepoint.com.
 

SOURCE  Sedgwick Claims Management Services, Inc. 
(Sedgwick) Catherine Bennett, public relations director, 615-892-9361, 
catherine.bennett@sedgwick.com; (KKR) Kristi Huller, director of 
communications, Americas, 212-230-9722,kristi.huller@kkr.com; (Hellman & 
Friedman) Mary Beth Grover, The Abernathy MacGregor Group, 212-371-5999, 
mbg@abmac.com; (Stone Point Capital) Emanuel Citron, principal, investor 
relations, 203-862-2974, ecitron@stonepoint.com 
https://www.sedgwick.com 
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CO: Sedgwick Claims Management Services, Inc.
ST: Tennessee
NI: FIN HEA MNA  
-0- Jan/27/2014 12:16 GMT
 
 
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