KKR Joins Consortium Pursuing Acquisition of Australian Insurance Broker Steadfast Group
Investment firm KKR has joined a consortium led by Amwins Group and Dragoneer Investment Group in an indicative proposal to acquire all outstanding shares of Steadfast Group for A$6 per share, implying an enterprise value of approximately A$7.7 billion. The deal structure would see Dragoneer take over retail brokerage operations while Amwins acquires the underwriting agency arm.
Tickers: $KKR
Topics: brokerage consortium insurance KKR