Steadfast Group Update on Non-Binding Proposal
Key points
- KKR has joined Amwins and Dragoneer as a co-lead investment partner
- KKR's participation does not impact the transaction timetable
- Steadfast Board received KKR's joinder on 8 July 2026
- No binding agreement has been reached with the Consortium
Full summary
Steadfast Group Limited (ASX:SDF) provides an update on the non-binding indicative proposal from Amwins Group, Inc. and Dragoneer Investment Group, LLC, now joined by Kohlberg Kravis Roberts & Co. L.P. (KKR). KKR's participation as a co-lead investment partner in Steadfast's retail brokerage business does not affect the transaction timetable. The Steadfast Board has received KKR's joinder to the confidentiality deed on 8 July 2026. However, there is still no guarantee of a binding agreement with the Consortium, and thus no certainty that the proposal will result in a transaction. Shareholders do not need to take any action at this time.
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