Steadfast Agrees to $7.7B Buyout by KKR-led Consortium

7 sourcesUpdated Aug 21, 2026

Steadfast Group has agreed to a A$7.7 billion take-private by a consortium led by KKR and Dragoneer Investment Group, with Amwins Group acquiring Steadfast’s underwriting agency operations and Dragoneer taking over the broking business. Shareholders will receive A$6 per share, representing about a 51.9% premium to the prior share price, and Steadfast’s board has unanimously recommended the deal pending independent expert endorsement and regulatory clearances. The transaction is structured as a scheme of arrangement, and the bidder plans to immediately sell the underwriting agency unit to Amwins Australasia as part of a strategic realignment. The deal is contingent on approvals from FIRB, the ACCC, and other customary conditions, with a projected close by December. The announcement signals a significant consolidation move in Australia’s insurance distribution sector and expands the broader footprint of private-equity-backed financial services activity in the region.

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Broke devdiscourse.com · Aug 21, 9:01 AM7 sources +5h on

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finimize.comOtherKKR-Backed Consortium Agrees A$7.7 Billion Steadfast Buyout

devdiscourse.comOtherSteadfast Group's $7.7 Billion Takeover: A New Era for Australian Insurance

insuranceasianews.comOtherAmwins, KKR, Dragoneer sign binding agreement to acquire Steadfast in US$5.5bn deal

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