BusinessSteadfast Agrees to $7.7B Buyout by KKR-led Consortium
Steadfast Group has agreed to a A$7.7 billion take-private by a KKR-backed consortium led by Dragoneer and Amwins, with Amwins acquiring Steadfast’s underwriting agency and Dragoneer taking the broking unit, valuing the company at a 51.9% premium and set to close by year-end subject to regulatory approvals and an independent expert review. The deal has the board’s unanimous recommendation and relies on a scheme of arrangement, with potential divestitures and dividends as part of the restructure.
