Fidelity National Financial Inc. has decided to sell its stake in Sedgwick Claims Management Services. Sedgwick is known to be a leading provider of claims management services in the country to the corporate and institutional clients.

Fidelity has 32% equity ownership stake in this company. Thomas H. Lee Partners, L. P. and Evercore Capital Partners have acquired Sedgwick Claims in January 2006.

Fidelity has agreed to do so in order to affiliate Stone Point Capital LLC and Hellman & Friedman LLC. Stone Point was also a 40% owner of Sedgwick.

The financial aspects of this share buy out have been disclosed. As per the agreement, the cash purchase price for Sedgwick will include the debt repayments. This cash purchase price is expected to have a approximate figure of $1.1 billion.

Fidelity National Financial is expecting to receive approximately $220 million for its 32% of equity ownership stake. The pre-tax gain will be around $95 million. By the second quarter of the financial year 2010, the transaction is expected to be completed.