Kennedy-Wilson Holdings Inc. said Tuesday it had entered into an agreement to be taken private by a consortium led by senior company management and Fairfax Financial Holdings Limited. The all-cash transaction is valued at $1.65 billion.
Following completion of the acquisition, Kennedy Wilson CEO William McMorrow and senior company executives, collectively known as KW Management Group, will have effective and operational control of the Beverly Hills-based real estate investment firm. Toronto-based Fairfax is expected to have a majority of the economic interest in the company.
The purchase price of $10.90 per share represents a 46% premium on the unaffected sale price of Kennedy Wilson shares as of Nov. 4, 2025, the last trading day prior to a publicly disclosed proposal to take the company private..
Moelis & Company LLC is serving as financial advisor and Cravath, Swaine & Moore LLP is serving as legal advisor to the special committee of Kennedy Wilson’s board. BofA Securities, Inc. and J.P. Morgan Securities LLC are serving as financial advisors to the Consortium and Debevoise & Plimpton LLP is serving as legal advisor to the consortium. Allen Overy Shearman Sterling LLP is serving as legal advisor to Fairfax and Latham & Watkins LLP and Ropes & Gray, LLP are serving as legal advisors to Kennedy Wilson.
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