Stone Point Capital and Hellman & Friedman To Acquire Sedgwick Claims Management Services

Sedgwick Claims Management Services, Inc. (Sedgwick CMS), a leading provider of claims and productivity management solutions to corporate and institutional clients, announced that funds affiliated with Stone Point Capital LLC and Hellman & Friedman LLC, together with management, have signed an agreement to acquire 100 percent ownership of Sedgwick CMS for approximately $1.1 billion from its current group of investors which includes Fidelity National Financial, Inc., Thomas H. Lee Partners, L.P., Evercore Capital Partners and other minority shareholders.

"We are excited to be partnering with Stone Point and Hellman & Friedman for the next stage of Sedgwick CMS's growth. Both firms have exceptional records investing in financial services companies and will be valuable strategic partners for our company," said Sedgwick CMS President and Chief Executive Officer David A. North. "Stone Point and Hellman & Friedman share our vision for continuing the growth of Sedgwick CMS through focusing on our clients and delivering highly responsive, cost-effective claims and productivity management solutions. Our clients will continue to receive the same outstanding attention from dedicated Sedgwick CMS colleagues."

"We have known Dave North and the Sedgwick CMS management team for many years and were one of the firm's investors at an earlier stage of their development," said Charles A. Davis, CEO of Stone Point Capital. "We are delighted to invest again with Dave and his colleagues, and look forward to working closely with them to continue their success and take the business to the next level. We also look forward to this partnership with Hellman & Friedman. We know them well and have worked with them successfully on previous investments."

"Hellman & Friedman is excited to partner with the Sedgwick CMS organization," said David R. Tunnell, Managing Director of Hellman & Friedman. "We share their commitment to strong customer relationships and look forward to supporting them as they continue to build on their leading market position. Sedgwick CMS is an ideal fit with our focus of investing in companies with defensible and enduring business franchises."

The transaction is expected to close during the second quarter of 2010, subject to usual and customary conditions and the receipt of regulatory approvals. Bank of America Merrill Lynch and Barclays Capital have provided commitments to finance the transaction.