8 July 2019
Clifford Chance advises Sedgwick in its acquisition of York Risk Services Group
Clifford Chance is advising Sedgwick in its acquisition of York Risk Services Group ("York"). 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.
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.
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.
The Firm's team was led by Insurance and M&A partner Gary Boss and included Antitrust partners Sharis Pozen and Tim Cornell and associates Neil Barlow and Michaela Spero.