CDPQ Participates in Recapitalization of Sedgwick Alongside Altas Partners

Paul, Weiss advised the Caisse de dépôt et placement du Québec (CDPQ), longtime investor to leading claims management services company Sedgwick, in a $1 billion significant minority investment in Sedgwick led by Altas Partners. Under the terms of the transaction, CDPQ continues its support of Sedgwick as a minority shareholder, alongside Onex Corporation. Following the investment by Altas, Sedgwick’s total enterprise value is now approximately $13.2 billion.

The Paul, Weiss team was led by corporate partners Megan Spelman and Adam Givertz, and included, among others, corporate counsel Robert Balis; and tax partner Scott Sontag.