Steadfast agrees $5.51bn buyout by KKR-led consortium

M&A · Partnership
โดย Life Insurance International·AU·Read original
Summary · why it matters

Australian insurance broker Steadfast has entered into a $5.51bn (A$7.7bn) buyout agreement with a consortium comprising Amwins Group, Dragoneer Investment Group and KKR. Under the scheme implementation deed, Starboard BidCo will acquire all outstanding Steadfast shares for A$6 each in cash, subject to adjustment for permitted dividends. The offer represents a 51.9% premium to Steadfast's closing price of A$3.95 on 9 June 2026, and places the deal's enterprise value at approximately A$7.7bn. Steadfast's board has unanimously endorsed the scheme, and completion is expected by December 2026, subject to shareholder and regulatory approvals.

Impact on stocks 1

Aging Population▲ · 1 stocks
KKR & Co. Inc.
KKR
▲ PositiveCapitalrelevance

KKR leads consortium acquiring Steadfast at a 51.9% premium, expanding its insurance brokerage portfolio.

Off-coverage companies 3

Amwins GroupPrivate▲ Positive
Capitalrelevance

Amwins joins the consortium, acquiring Steadfast to strengthen its insurance distribution network.

Dragoneer Investment GroupPrivate▲ Positive
Capitalrelevance

Dragoneer participates in the consortium, gaining a strategic investment in Steadfast.

Steadfast Group LtdPrivate± Mixed
relevance

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