M/16/024 – Sedgwick (KKR) / OSG Outsource Services Group
Transaction details
The proposed acquisition by Sedgwick Claims Management Services, Inc. (controlled by KKR & Co. L.P.), through Vericlaim Ireland Limited, of the entire issued share capital and thus sole control of OSG Outsource Services Group Limited has been cleared by the Competition and Consumer Protection Commission.
| Notification date | Decision date |
|---|---|
| Wednesday May 25, 2016 | Friday, June 24, 2016 |
| Parties Involved | Business activities |
|---|---|
| Sedgwick Claims Management Services, Inc. (KKR & Co. L.P.) | Sedgwick Claims Management Services, Inc. (controlled by investment funds advised by affiliates of KKR & Co. L.P.), is a provider of technology-enabled risk and benefits solutions and risk consulting services and is the indirect parent company of Vericlaim Ireland Limited, an entity incorporated in the State for purposes of the proposed transaction. |
| OSG Outsource Services Group Limited | OSG Outsource Services Group Limited is a specialist third party services administrator and provides outsourcing claims solutions and administrative and recruitment placement services to the insurance, banking and related financial services markets. |
| Economic sector | Media merger |
|---|---|
| Risk and benefit solutions and outsource services | No |
| Submissions from third parties due by: | |
|---|---|
| Phase 1 | Phase 2 |
| Thursday, June 9, 2016 | |
| Current status: Completed |
|---|
| Cleared (Phase 1) |
| Authorised Officer Assigned | Contact Details |
|---|---|
| Barry O'Donnell | Tel: (+353)1 470 3696 e-mail: barryodonnell@ccpc.ie |
Media enquiries: MKC Communications: 01 7038600
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