KKR-Backed Consortium, Dragoneer, and Amwins to Acquire Steadfast Group for A$7.7 Billion
August 22, 2026
Steadfast Group has entered into a binding scheme implementation deed under which a consortium backed by KKR, together with Dragoneer Investment Group and Amwins Group, will acquire the Australian insurance distribution company for an enterprise value of approximately A$7.7 billion. Steadfast shareholders will receive A$6.00 per share in cash, with the deal subject to shareholder, court, and regulatory approvals and targeted to be implemented in December 2026.
- Buyers
- KKR, Dragoneer Investment Group, Amwins Group, Starboard BidCo (backed by Dragoneer and KKR), KKR and Dragoneer-backed bidder
- Targets
- Steadfast Group, Steadfast underwriting agency business, Steadfast broking operations
- Platforms
- Amwins Australasia
- Industry
- Insurance
- Location
- New South Wales, Australia
- Transaction Type
- Buyout
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