Sedgwick, a claims management company backed by Carlyle Group Inc., is exploring preliminary discussions with potential suitors, reported Bloomberg News.

Founded in 1969, Sedgwick offers risk and benefits services to its clients’ workforces in 80 countries. Its claim management services includes workers’ compensation, liability, property, disability and absence management. Carlyle bought a majority stake in Sedgwick in 2018 for $6.7 billion, with Stone Point Capital and Canada-based Caisse de Depot et Placement du Quebec staying on as minority investors. KKR & Co. had been the majority shareholder before the sale to Carlyle.