Amwins and Dragoneer Make A$6 Per Share Offer for Australian Insurer Steadfast Group
US specialty insurance distributor Amwins Group and private equity firm Dragoneer Investment Group made an indicative offer of A$6 per share for Australian insurance broker Steadfast Group, sending shares up 36%. The non-binding offer represents a 52% premium to the previous closing price and values the company at approximately A$7.7 billion including debt. This is the third offer from the consortium for Steadfast.
Steadfast Group Ltd, an Australian insurance broker, received a conditional, non-binding cash offer of A$6 per share from a consortium of US specialty insurance distributor Amwins Group Inc. and private equity firm Dragoneer Investment Group LLC on Wednesday. The offer, announced at 5:03 AM UTC on June 10, 2026, represents a 52% premium to Steadfast's Tuesday closing price and values the company at approximately A$7.7 billion including debt. The announcement triggered a record 36% surge in Steadfast's share price. According to Steadfast, this represents the third offer from the consortium, following two previous lower bids for the company.
What's missing
The article does not specify the details of the two previous offers from the consortium, the timeline of negotiations, or Steadfast's board recommendation regarding the current offer.
What different sources said
- BloombergCenter
Australia’s Steadfast Group Gets Offer From Amwins, Dragoneer
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