Steadfast Agrees $5.51bn KKR-Led Buyout Consortium Scheme
Steadfast has agreed to a $5.51bn (A$7.7bn) buyout with a KKR-led consortium under a scheme implementation deed. BidCo will acquire all shares for A$6 cash, after a premium to recent trading. The board unanimously endorsed, with the underwriting agency division planned to transfer to Amwins. Court hearings run in October and November, and completion is targeted for December 2026.