CDPQ, the Carlyle Group and Stone Point Acquire Sedgwick in $6.7 Billion Transaction

Paul, Weiss advised Caisse de dépôt et placement du Québec (CDPQ) in its acquisition, alongside funds managed by the Carlyle Group and funds affiliated with Stone Point Capital, of Sedgwick for approximately $6.7 billion. Under the terms of the deal, the previous majority shareholder KKR fully exited its position, while CDPQ and Stone Point rolled the majority of their existing investments in Sedgwick. Sedgwick is a leading global provider of technology-enabled risk, benefits and integrated business solutions.

The Paul, Weiss team included, among others, corporate partner Adam Givertz and counsel Andrea Quek; tax partner Scott Sontag; and international trade counsel Richard Elliott.