Sedgwick currently handles more than 2.1m claims per year and has responsibility for claim payments of over $11bn.
KKR said that equity for the investment was provided mostly by its North American XI private equity fund.
Hellman & Friedman and Stone Point paid $1.1bn for Sedgwick in 2010, buying it from private equity firms Thomas H Lee Partners and Evercore Capital Partners
Head of KKR’s financial services investment practice Tagar Olson said, “This is a critical time for employers as they adjust to an evolving health care delivery model, the shifting demographics of the workforce and a multitude of additional challenges.
“Sedgwick has an exceptional management team, a strong track record of innovation and the technology-driven solutions to address these challenges. We believe our partnership will enable them to maintain and enhance their leadership position in the industry.”
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