M&A Deal Summary

Macquarie Bank and Steadfast Acquire Macquarie Premium Funding Pty.

On March 5, 2007, Macquarie Bank and Steadfast acquired insurance company Macquarie Premium Funding Pty.

Acquisition Highlights
  • This is Macquarie Bank’s 1st and Steadfast’s 1st transaction in the Insurance sector.
  • This is Macquarie Bank’s 1st and Steadfast’s 1st transaction in Australia.

M&A Deal Summary

Date 2007-03-05
Target Macquarie Premium Funding Pty.
Sector Insurance
Buyer(s) Macquarie Bank
Steadfast
Deal Type Joint Venture

Target

Macquarie Premium Funding Pty.

Sydney, Australia
Macquarie Premium Funding Pty. Ltd. is a provider of insurance premium funding services.

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Buyer(S) 2

Buyer

Macquarie Bank

Sydney, Australia

Category Company
Founded 1969
Sector Financial Services
Employees19,266
Revenue 6.8B AUD (2025)
DESCRIPTION
Macquarie's corporate headquarters in downtown Sydney.
Macquarie's corporate headquarters in downtown Sydney.

Macquarie Bank is an Australian investment banking and diversified financial services group, providing banking, financial advisory and investment and funds management services. Macquarie Bank was founded in 1969 and is based in Sydney, Australia.


DEAL STATS #
Overall 10 of 25
Sector: Insurance M&A 1 of 1
Type: Joint Venture M&A Deals 1 of 1
Country: Australia M&A 1 of 2
Year: 2007 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-01 Boart Longyear

Salt Lake City, Utah, United States

Boart Longyear is a provider of drilling services, orebody-knowledge technology, and innovative, safe and productivity-driven drilling equipment. The Company’s primary focus is on mining and exploration activities spanning commodities including copper, gold, nickel, zinc, uranium, and other minerals. Boart Longyear was founded in 1890 and is based in Salt Lake City, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-03 Boart Longyear

Salt Lake City, Utah, United States

Boart Longyear is a provider of drilling services, orebody-knowledge technology, and innovative, safe and productivity-driven drilling equipment. The Company’s primary focus is on mining and exploration activities spanning commodities including copper, gold, nickel, zinc, uranium, and other minerals. Boart Longyear was founded in 1890 and is based in Salt Lake City, Utah.

Sell -
Buyer

Steadfast

Sydney, Australia

Category Company
Founded 1996
Sector Insurance
Revenue 1.3B AUD (2025)
DESCRIPTION

Steadfast is a provider of services to a network of 316 insurance broker businesses across Australia and New Zealand. Steadfast operates as both a broker network and a consolidator through its equity interests in a number of insurance broker businesses. Steadfast was founded in 1996 and is based in Sydney, Australia.


DEAL STATS #
Overall 1 of 32
Sector: Insurance M&A 1 of 32
Type: Joint Venture M&A Deals 1 of 1
Country: Australia M&A 1 of 32
Year: 2007 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-12 Sports Underwriting Australia Pty

Kew East, Australia

Sports Underwriting Australia specialise in insurance packages for sporting clubs, groups and associations, sport and leisure related businesses and licensed clubs.

Buy -