United States Specialty Insurance Distributor Amwins & United States $30 Billion Growth Equity Firm Dragoneer Investment Group to Buy Australia Insurance Broking Group Steadfast Group at $5.4 Billion (AUD 7.7 Billion) Valuation in All-Cash Deal, Representing +51.9% Premium to Closing Price (9/6/26), Steadfast Group Co-Founded in 1996 by Robert Kelly, Amwins Founded in 1998 as American Wholesale Insurance Group, Dragoneer Investment Group Founded in 2012 by Marc Stad
13th June 2026 | Hong Kong
United States specialty insurance distributor Amwins & United States growth equity firm Dragoneer Investment Group ($30 billion AUM) have made an offer to buy Australia insurance broking group Steadfast Group at $5.4 billion (AUD 7.7 billion) valuation in all-cash deal, representing +51.9% premium to Steadfast Group closing price (9/6/26). Steadfast Group was co-founded in 1996 by Robert Kelly. Amwins was founded in 1998 as American Wholesale Insurance Group. Dragoneer Investment Group was founded in 2012 by Marc Stad. Announcement (10/6/26): “Steadfast Group Limited (ASX:SDF) (Steadfast) announces that it has received a conditional, non-binding and indicative offer from Amwins Group, Inc. (Amwins) and Dragoneer Investment Group, LLC (Dragoneer) to acquire 100% of the outstanding share capital of Steadfast by way of a scheme of arrangement (the Proposal) at a price of A$6.00 per share in cash, less any dividends or distributions declared or paid by Steadfast after 5 June 2026 (the Potential Transaction). Amwins and Dragoneer (collectively, the Consortium) intend to act jointly to pursue the transaction, with Dragoneer acquiring ownership of Steadfast’s retail brokerage business and Amwins acquiring Steadfast’s underwriting agency business. This Proposal follows a period of engagement between Steadfast and the Consortium, during which previous non-binding indicative proposals were made at A$5.50 and A$5.83 per share in cash (in each case, less any dividends or distributions declared or paid by Steadfast). On 10 June 2026, Steadfast entered into an exclusivity and process deed (Process Deed) with the Consortium in relation to the Proposal. The Proposal price of A$6.00 cash per share represents an enterprise value for Steadfast of approximately A$7.7 billion; a 51.9% premium to Steadfast’s last closing price of A$3.95 per share on 9 June 2026;a 48.9% premium to Steadfast’s 1-month volume weighted average price of A$4.03 per share up until 9 June 2026; and a 44.1% premium to Steadfast’s 3-month volume weighted average price of A$4.16 per share up until 9 June 2026. The Board of Steadfast has determined that it is in the best interests of Steadfast shareholders to enter into the Process Deed with the Consortium. Steadfast has agreed to customary confidentiality and exclusivity terms to enable the Consortium to progress the Proposal. The Process Deed grants the parties a period of eight-weeks due diligence access from and including the business day after the date of execution of the Process Deed (unless otherwise extended).”
“ United States Specialty Insurance Distributor Amwins & United States $30 Billion Growth Equity Firm Dragoneer Investment Group to Buy Australia Insurance Broking Group Steadfast Group at $5.4 Billion (AUD 7.7 Billion) Valuation in All-Cash Deal, Representing +51.9% Premium to Closing Price (9/6/26), Steadfast Group Co-Founded in 1996 by Robert Kelly, Amwins Founded in 1998 as American Wholesale Insurance Group, Dragoneer Investment Group Founded in 2012 by Marc Stad “
![](https://www.caproasia.com/wp-content/uploads/2025/08/Air-Charter-Service-728x90-1.png")
Steadfast Group – Steadfast Group was established in 1996 and operates insurance broker and agency networks in Australia, New Zealand, Singapore – and the United States of America, delivering strength, scale and confidence across the global insurance industry. We provide a broad range of services and solutions to support the broker and agency businesses in our networks, including market access, technology, risk solutions and operational support.In FY25, our Steadfast Australasian Network brokers’ gross written premium (GWP) grew to AUD$12.5 billion. Meanwhile, Steadfast Underwriting Agencies generated AUD$2.5 billion of GWP.
Amwins – Amwins is the largest independent wholesale distributor of specialty insurance products in the U.S. dedicated to serving retail insurance agents by providing property and casualty products, specialty group benefit products, and administrative services. Based in Charlotte, N.C., Amwins operates through more than 155 offices globally and handles premium placements in excess of $33 billion annually.
Dragoneer Investment Group – Dragoneer Investment Group is a growth-oriented investment firm with a flexible mandate to invest in high-quality businesses in both the public and private markets. For over a decade, Dragoneer has partnered with management teams growing exceptional companies, characterized by sustainable differentiation and superior economic models. The firm seeks to deliver attractive returns while maintaining a focus on capital preservation and margin of safety.
United States Specialty Insurance Distributor Amwins & United States $30 Billion Growth Equity Firm Dragoneer Investment Group to Buy Australia Insurance Broking Group Steadfast Group at $5.4 Billion (AUD 7.7 Billion) Valuation in All-Cash Deal, Representing +51.9% Premium to Closing Price (9/6/26), Steadfast Group Co-Founded in 1996 by Robert Kelly, Amwins Founded in 1998 as American Wholesale Insurance Group, Dragoneer Investment Group Founded in 2012 by Marc Stad
Caproasia Users
- Manage $20 million to $30 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2026 Investment Day
- March - Hong Kong
- March - Singapore
- April - Hong Kong
- April - Singapore
- July - Hong Kong
- July - Singapore
- Sept- Hong Kong
- Sept - Singapore
- Oct- Hong Kong
- Nov - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit
