Kirkland Advises Altas Partners on Strategic Partnership with Sedgwick

Kirkland & Ellis advised private equity firm Altas Partners on a strategic partnership with claims management provider Sedgwick. The transaction was announced September 12, 2024 and is expected to close in the fourth quarter of 2024, subject to customary closing conditions. Current investors, including funds managed by global investment firm Carlyle and by Stone Point Capital LLC, will remain as investors and continue to make significant new investments in the business, with Carlyle maintaining its control position in partnership with the investor group and the Sedgwick management team. Altas has committed to invest $1 billion of equity as part of the transaction. This transaction implies a total enterprise value of approximately $13.2 billion.

Read the transaction press release

The Kirkland team was led by corporate partners Keri Schick Norton, Michael Weisser, Aidan Murphy and Shawn OHargan.