The private equity team at Appleby has advised Cunningham Lindsey on the Cayman Islands law aspects of the company’s sale to Sedgwick Claims Management Services, Inc.
Cunningham Lindsey is a CVC Capital Partners backed global loss adjusting, claims management and risk solutions firm. Sedgwick Claims Management Services, Inc., which is majority owned by KKR, is a leading global provider of technology enabled risk and benefits solutions.
The deal represents a significant transaction in the insurance sector between two private equity backed firms, Appleby said in a press release.
The transaction is expected to close later this year and is subject to customary closing conditions and regulatory approvals across a number of jurisdictions.
The Appleby team was led by Jacob MacAdam who commented: “We are delighted to have advised on this intricate and high profile deal.”