'Carlyle Nears Sale Of Sedgwick Stake To Altas; Deal Could Value Claims Administrator At $13B; Carlyle Bought Majority Of Sedgwick For $6.7B In 2018' - Bloomberg News
Portfolio Pulse from Benzinga Newsdesk
Carlyle Group is nearing a deal to sell its stake in Sedgwick to Altas Partners, valuing Sedgwick at around $13 billion.
August 30, 2024 | 6:32 pm
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Carlyle Group is close to selling its stake in Sedgwick to Altas Partners, potentially valuing Sedgwick at $13 billion. This could impact Carlyle's financials and investment strategy.
The sale of Sedgwick stake by Carlyle Group could positively impact its financials by realizing gains from the investment. This transaction aligns with Carlyle's strategy of monetizing investments, potentially leading to a positive short-term impact on CG's stock price.
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