M&A Deal Summary

Sedgwick Acquires Cunningham Lindsey Group

On December 6, 2017, Sedgwick acquired insurance company Cunningham Lindsey Group from CVC Capital Partners

Acquisition Highlights
  • This is Sedgwick’s 6th transaction in the Insurance sector.
  • This is Sedgwick’s 1st transaction in Canada.
  • This is Sedgwick’s 1st transaction in Ontario.

M&A Deal Summary

Date 2017-12-06
Target Cunningham Lindsey Group
Sector Insurance
Buyer(s) Sedgwick
Sellers(s) CVC Capital Partners
Deal Type Add-on Acquisition

Target

Cunningham Lindsey Group

Mississauga, Ontario, Canada
Cunningham Lindsey Group is a provider of insurance claims management services, including claims adjusting, appraisal and claims and risk management for property and casualty insurance losses.

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Buyer(S) 1

Buyer

Sedgwick

Memphis, Tennessee, United States

Category Company
Founded 1969
Sector Insurance
DESCRIPTION

Sedgwick is a global provider of technology-enabled risk, benefits and integrated business solutions. The Company provides technology-enabled claims management solutions for workers’ compensation, disability, liability, and property claims. Sedgwick was founded in 1969 and is based in Memphis, Tennessee.


DEAL STATS #
Overall 7 of 20
Sector (Insurance) 6 of 10
Type (Add-on Acquisition) 6 of 18
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-31 Galaher Settlements and Insurance Services

United States

Galaher Settlements and Insurance Services, Inc. is a provider of insurance and settlement services in US.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-08 York Risk Services Group

Parsippany, New Jersey, United States

York Risk Services Group is a provider of customized claims management, managed care, risk management, pool administration, and specialized loss adjusting services to markets including public entities, programs, carriers and all types of self-insureds.

Buy -

Seller(S) 1

SELLER

CVC Capital Partners

Luxembourg, Luxembourg

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 177.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

CVC Capital Partners is a global private equity firm focused on investments in large companies located in Europe, North America, and Asia. CVC looks for opportunities with stable cash flows and talented management, and will consider businesses in a variety of industries. Target sectors include textiles, industrial products, waste management, building materials, energy/utilities, business services, financial services, distribution, healthcare, media, semiconductors, and gaming. CVC can handle transactions valued from €200 million to €10 billion. CVC Capital Partners was formed in 1981 and is based in Luxembourg.


DEAL STATS #
Overall 135 of 173
Sector (Insurance) 2 of 4
Type (Add-on Acquisition) 49 of 63
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2017) 10 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-30 Republic Finance

Baton Rouge, Louisiana, United States

Republic Finance specializes in providing a variety of consumer loans and flexible lending options to customers in the South-Eastern US. With approximately 200 branches located within Alabama, Georgia, Kentucky, Louisiana, Mississippi, South Carolina, Tennessee, and Texas, Republic serves more than 280,000 customers throughout the US. Republic Finance was founded in 1952 and is based in Baton Rouge, Louisiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-18 Riraku

Osaka, Japan

Riraku offers a lower-priced alternative within the relaxation industry, offering messages of 60 minutes for JPY2,980 as opposed to the standard of JPY6,000 for 60 minutes. Combined with a high-quality service, the lower price option has attracted a wide range of customers including homemakers and professionals. Riraku was founded in 2010 and is based in Osaka, Japan.

Buy -