KKR joins consortium pursuing Steadfast acquisition proposal

Investment steadfast KKR has joined the consortium of Amwins Group and Dragoneer Investment Group successful a non-binding, indicative connection to get Australian security broker Steadfast Group.

Steadfast said it entered an exclusivity and process deed with Amwins and Dragoneer connected 10 June 2026.

Under that arrangement, the consortium is pursuing a imaginable strategy of statement to get each of Steadfast's outstanding stock superior for A$6 (US$4.17) per stock successful cash, little immoderate dividends oregon distributions declared oregon paid aft 5 June 2026.

Under the projected structure, Dragoneer would presume Steadfast's retail brokerage operations, portion Amwins would get the company's underwriting bureau arm.

The connection implies an endeavor worth of astir A$7.7bn for Steadfast.

According to Steadfast, Amwins and Dragoneer person advised the institution that KKR, acting connected behalf of funds, vehicles and entities it manages oregon advises, has joined the consortium arsenic a co-lead concern spouse alongside Dragoneer successful Steadfast's retail brokerage business.

Steadfast confirmed that it received KKR's joinder to the Steadfast Confidentiality Deed connected 8 July 2026.

The institution said Amwins and Dragoneer person confirmed that KKR's information volition not change the transaction timetable and is not a information to Amwins and Dragoneer entering into a binding Scheme Implementation Deed with Steadfast.

The Steadfast Board said determination is nary warrant that a binding statement volition beryllium reached with the consortium and nary certainty that the connection volition pb to a transaction.

Steadfast said shareholders bash not request to instrumentality immoderate enactment successful narration to the connection astatine this signifier and that it volition supply further marketplace updates arsenic appropriate.

The institution operates security broker and bureau networks successful Australia, New Zealand, Singapore and the US.

"KKR joins consortium pursuing Steadfast acquisition proposal" was primitively created and published by Life Insurance International, a GlobalData owned brand.