Fidelity National Financial Inc. is selling its 32% stake in Sedgwick Claims Management Services Inc. to Stone Point Capital LLC and Hellman & Friedman LLC. The other owners of Sedgwick -- Thomas H. Lee Partners and Evercore Capital Partners -- also are selling their stakes in the company. The total cash price for Sedgwick will be $1.1 billion, of which FNF expects to receive $220 million for a net gain of $95 million. The deal is expected to close during the second quarter of 2010. William P. Foley II, chairman of FNF, said the deal meets the company's goal of creating significant value for its shareholders. He added it was "a very successful four-year investment for FNF."
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