Aequitas Research - Steadfast Group Limited (SDF) Steadfast Placement - An immediately accretive acquisition

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Aequitas Research

Zhen Zhou Toh

EUR 88.49 For Business Accounts Only

Steadfast Placement - An immediately accretive acquisition

Steadfast is looking to raise AUD200m from its placement to partially fund the acquisition of Coverforce, an insurance brokerage firm.

We will look at the acquisition, deal dynamics, and run the deal through our ECM framework.

16/08/2021 8 EN

Underlying

Steadfast Group Limited

Steadfast Group is engaged in the provision of services to Steadfast Network Brokers, the distribution of insurance policies via insurance brokerages and underwriting agencies, and related services.

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AU000000SDF8 Australian Securities Exchange Australia

Provider

Aequitas Research

Aequitas Research is a leading ECM research firm with a focus on IPOs and placements/follow-on offerings across the Asia Pacific with deal size of over USD100m.

Since 2015, we have covered 400+ IPOs and 450+ placements with a hit rate of 73% and 65%, respectively. We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic analysis.

Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis. We also provide a more quant driven analysis on placement/follow-on offerings.

Markets that we cover include:
Hong Kong,
China ADRs,
India,
Japan,
Australia, and
ASEAN.

See profile

Analysts

Zhen Zhou Toh

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Steadfast Placement - An immediately accretive acquisition

Steadfast Group Limited: 1 director

STEADFAST GROUP sees an upgrade to Slightly Positive due to a better fundamental star rating

Onewo Space-Tech Pre-IPO

Legend Biotech Follow-on Offering

Xtep International Placement

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