The private equity team at Appleby has advised Cunningham Lindsey on the Cayman Islands law aspects of their sale to Sedgwick Claims Management Services, Inc., which represents a significant transaction in the insurance sector between two private equity backed firms.
The Appleby team was led by Jacob MacAdam who commented, “Our work on transactions such as this for our long-standing client, Cunningham Lindsey, highlights our expertise in the corporate, private equity and insurance space. We are delighted to have advised on this intricate and high profile deal.”
The transaction is expected to close later this year and is subject to customary closing conditions and regulatory approvals across a number of jurisdictions. Other Appleby attorneys on this deal included Simon Raftopoulos and Samuel Banks. Weil, Gotshal & Manges LLP act for Cunningham Lindsey on all aspects of US law.
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.
Source: Press release