KKR Closes Purchase of Sedgwick, Stone Point Remains as Investor

The Kohlberg Kravis Roberts investment firm has completed its acquisition of Sedgwick Claims Management, while former co-owner Stone Point Capital has joined as a minority investor, Sedgwick said in a press release.KKR announced in January that it has agreed to buy the Memphis, Tenn.-based third-party administrator from investment partners Hellman & Friedman LLC and Stone Point Capital LLC for $2.4 billion.Sedgwick's chief executive officer said in a statement that with KKR's resources, "the future of Sedgwick has never looked brighter.""Further, that our longtime partner Stone Poi...