KKR, Dragoneer, And Amwins To Acquire Steadfast Group For A$7.7 Billion

KKR (KKR) is in focus due to a new alliance with NVIDIA and global asset managers to support AI infrastructure. KKR's share price is $108.48, with mixed returns: +13.56% 30-day, -15.84% YTD, and -22.93% 1-year. Analysts have varying views on its valuation, with some seeing it as 28.5% overvalued at a fair value of $84.45, while a DCF model suggests a discount of 25.4%.

UGI Corporation (NYSE:UGI) rose 9.4% to $38.39 after The Wall Street Journal reported a $9 billion acquisition offer from KKR & Co. (NYSE:KKR) at $42.50 per share, a 21.1% premium over Monday's close. UGI, which operates in energy distribution and utilities, did not confirm the offer. The company reaffirmed its fiscal 2026 EPS guidance of $2.75-$2.90, and the reported bid values it at around 15 times the midpoint of that range. UGI is also involved in AI data center projects, partnering with Pri

Steadfast Group, an Australian insurance broker, agreed to a A$7.7 billion ($5.52 billion) buyout by a consortium backed by KKR. Shareholders will receive A$6 per share, a 52% premium. The deal includes Amwins acquiring its underwriting business and Dragoneer taking broking operations. Steadfast's board recommends approval, pending an independent review.

Apollo, Blackstone, and KKR are competing to buy a significant stake in Shell's LNG Canada project, valued at $10-15 billion. Shell aims to sell part of its 40% stake to attract new capital. LNG Canada, the first major North American LNG facility with Pacific access, started production in June. Shell may retain some or all of the stake, according to sources.

KKR and Energy Capital Partners agreed to acquire DCC Energy for £5.75bn, offering 6,500 pence per share plus a dividend. The deal, pending shareholder and regulatory approval, follows a three-month standoff and investor pushback. DCC Energy's board supports the offer, while some major shareholders, including Aviva and Fidelity, argue it undervalues the company. DCC Energy reported £15.4bn in revenue and £634.0m in adjusted operating profit for the year ended 31 March 2026. The shareholder vote

KKR offered $9B to acquire UGI Corp., valuing it at $42.50 per share, a 21.1% premium. UGI shares rose 11%, while KKR's stock fell 1.3%. The deal reflects growing demand for energy infrastructure, driven by AI data centers and other large power users.