Carlyle Group, an American multinational private equity firm, completed the acquisition of a majority stake in Sedwick, a global provider of technology-enabled risk, benefits and integrated business solutions, from KKR, a global investment firm, for $6.7bn. KKR will fully exit its position following the transaction. Funds managed by Stone Point Capital LLC and Caisse de dépôt et placement du Québec, together with Sedgwick management, will remain minority investors. “We are pleased to partner with the exceptional management team and highly talented colleagues of Sedgwick. We look forward to participating in Sedgwick’s next chapter of growth and innovation and working with the company as it builds out its global platform to meet the increasingly complex needs of its clients around the world, while leveraging the One Carlyle network,” John C. Redett, Carlyle Managing Director and Co-head of Global Financial Services.