Canada's CDPQ invests $500 million in Sedgwick Claims Management Services

Wed Sep 28, 2016 8:32am EDT
 
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(Reuters) - Caisse de dépôt et placement du Québec (CDPQ), Canada's second-biggest public pension fund, said it invested $500 million in Sedgwick Claims Management Services Inc, a company that manages third-party claims in the United States.

CDPQ said it would hold a "significant" minority interest in Sedgwick.

Private equity firm KKR & Co (KKR.N: Quote) is the majority shareholder in Sedgwick, while Stone Point Capital LLC and other management investors are its minority shareholders.

(Reporting by Arathy S Nair in Bengaluru)