Article ID: 6900f9ebac05a9d133cdd0624d48f5164ee1d658493465530fbb61dedcb2a9a9
Source ID: primary:insurancejournal.com
Published At: -
Extraction Method: trafilatura
URL: https://www.insurancejournal.com/news/international/2026/07/14/877459.htm
Body Text
Australia’s Steadfast said on Tuesday that the global investment firm KKR has joined the consortium of Amwins Group and Dragoneer Investment in their A$7.7 billion ($5.33 billion) proposal to buy out the insurance broker. Here are some more details: - KKR joined the consortium as a co-lead investment partner with U.S.-based Dragoneer Investment, which will take control of Steadfast’s retail brokerage business if the deal closes. - As per the previously disclosed deal terms, insurance distributor Amwins will acquire Steadfast’s underwriting agency operations. - Steadfast said Amwins and Dragoneer have confirmed that KKR’s participation will not affect the timetable of the deal the parties are currently aligning to. - Last week, Steadfast extended the exclusivity period to the consortium by four weeks. - The consortium has maintained the offer of A$6 per Steadfast share, first tabled in June. ($1 = 1.4459 Australian dollars) (Reporting by Jasmeen Ara Shaikh in Bengaluru; editing by Rashmi Aich) Related: Copyright 2026 Reuters. Click for restrictions. Was this article valuable? Here are more articles you may enjoy.
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