Sedgwick CMS Transaction Completed by Stone Point Capital and Hellman &
Friedman


    


    
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<p><span class="xn-location">MEMPHIS</span>, Tenn., <span class="xn-chron">May 28</span> /CNW/ -- Sedgwick Claims Management Services, Inc. (Sedgwick CMS) today reported the closing of the previously announced transaction whereby investment funds affiliated with Stone Point Capital LLC and Hellman & Friedman LLC, together with management, have acquired 100 percent ownership of Sedgwick Holdings, Inc. (Sedgwick) for <span class="xn-money">$1.1 billion</span>.  Sedgwick is the sole shareholder of Sedgwick CMS, the largest independent North American provider of claims and productivity management solutions to corporate, institutional and association clients.</p>
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<p>"We have been very pleased by the response of all Sedgwick CMS stakeholders, especially our clients and colleagues, to this next stage of our company's development," said Sedgwick CMS President and Chief Executive Officer David A. North.  "The arrangements and approvals for today's closing have proceeded smoothly as anticipated; and our organization's service teams have continued their uninterrupted focus on the delivery of highly responsive, cost-effective claims and productivity management solutions for Sedgwick CMS clients.</p>
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<p>"My thanks to our prior investors for their support of our business mission over the past five years.  We look forward now to our partnership with Stone Point Capital and Hellman & Friedman," concluded North.</p>
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<p>Today's closing was funded with a combination of investor capital and financing arranged through Bank of America Merrill Lynch and Barclays Capital.  For additional information see Sedgwick CMS's announcement of <span class="xn-chron">April 20, 2010</span> at <a href="http://www.sedgwickcms.com">www.sedgwickcms.com</a>.</p>
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    About Sedgwick CMS
    
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<p>Sedgwick Claims Management Services, Inc. is the leading North American provider of innovative claims and productivity management solutions. Sedgwick CMS and its affiliated companies deliver cost-effective claims administration, medical management, risk consulting and related services to clients through the expertise of 6,600 colleagues in a hundred and thirty offices in the U.S. and <span class="xn-location">Canada</span>. The company specializes in workers' compensation; disability, FMLA and other employee absence; and general, automobile and professional liability; and warranty and credit card claims services as well as Medicare compliance solutions. Sedgwick CMS and its affiliates design and implement customized programs based on proven practices that meet client needs. For more see <a href="http://www.sedgwickcms.com">http://www.sedgwickcms.com</a>.</p>
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    About Hellman & Friedman
    
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<p>Hellman & Friedman LLC is a leading private equity investment firm with offices in <span class="xn-location">San Francisco</span>, New York and <span class="xn-location">London</span>. Since its founding in 1984, Hellman & Friedman has raised over <span class="xn-money">$25 billion</span> of committed capital. The firm focuses on investing in superior business franchises and serving as a value-added partner to management in select industries including business services, insurance, financial services, software, internet and digital media, media, healthcare, energy and industrials. Representative investments in insurance services include Emdeon Business Services, SSP Holdings plc and Vertafore, Inc.  For more information about Hellman & Friedman, visit <a href="http://www.hf.com">www.hf.com</a>.</p>
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    About Stone Point Capital
    
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<p>Stone Point Capital is a global private equity firm based in Greenwich, Connecticut. Stone Point serves as the manager of the Trident Funds, which have raised more than <span class="xn-money">$10 billion</span> in committed capital to make investments in the insurance, employee benefits and financial services industries. Stone Point has a 25-year record of making successful investments in the financial services industry, including in the insurance services sector. For further information about Stone Point, see <a href="http://www.stonepoint.com">www.stonepoint.com</a>.</p>
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<p>For further information, please contact:</p>
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    Sedgwick Claims Management Services, Inc.
    Frank J. Huffman
    Senior Vice President - Corporate Communications
    Telephone: (901) 415-7548
    Email: fhuffman@sedgwickcms.com.
    
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    Hellman & Friedman LLC
    Abernathy MacGregor Group
    Steven Bruce/Brendan McManus
    Telephone: (212) 371-5999
    Email: sb@abmac.com/bfm@abmac.com
    
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    Stone Point Capital LLC
    James D. Carey
    Senior Principal
    Telephone: (203) 862-2900




    

For further information: For further information: Frank J. Huffman, Senior Vice President - Corporate Communications, Sedgwick Claims Management Services, Inc., +1-901-415-7548, fhuffman@sedgwickcms.com; or Steven Bruce, sb@abmac.com, or Brendan McManus, bfm@abmac.com, both of Abernathy MacGregor Group, +1-212-371-5999, for Hellman & Friedman LLC; or James D. Carey, Senior Principal, Stone Point Capital LLC, +1-203-862-2900 Web Site: http://www.sedgwickcms.com

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