Clifford Chance advised Sedgwick in its acquisition of York Risk Services Group.
The deal is subject to customary conditions and regulatory approvals. Following the close of the transaction, Sedgwick’s operations will comprise nearly 27,000 employees.
York is headquartered in New Jersey and is a premier provider of claims administration, managed care, specialized loss adjusting, pool administration and loss control solutions and has almost 5,000 employees in more than 60 offices across the US along with a strong international presence. Sedgwick’s strategic acquisition of York enhances its position as a global industry leader.
US-based Sedgwick is a leading global provider of technology-enabled risk, benefits and integrated business solutions, serving clients in their needs across casualty, property, marine and other insurance lines and is spread across 65 countries. Sedgwick’s majority shareholder is The Carlyle Group; Stone Point Capital LLC, La Caisse de dépôt et placement du Québec (CDPQ) and other management investors are minority shareholders.
Simpson Thacher & Bartlett LLP and Clifford Chance US LLP served as legal advisors to Sedgwick. The Clifford Chance team was led by Insurance and M&A partner Gary Boss (Picture) and included Antitrust partners Sharis Pozen and Tim Cornell and associates Neil Barlow and Michaela Spero.
Fried, Frank, Harris, Shriver & Jacobson LLP served as legal advisor to York Risk Services Group.
Law Firms: Clifford Chance;