Daily News: January 27, 2014

NYT: KKR to Buy Sedgwick for $2.4B

The New York Times reported Kohlberg Kravis Roberts agreed to buy Sedgwick Claims Management Services, a provider of insurance claims processing, for $2.4 billion.

The Times said KKR received financing from UBS, Deutsche Bank, Morgan Stanley, Mizuho, KKR Capital Markets and MCS Capital Markets. KKR received legal advice from Lathan & Watkins, while Sedgwick took legal counsel from Simpson Thacher & Bartlett, The Times added.

To read the entire Times article, click here.