Kennedy-Wilson Holdings Inc. announced Tuesday that it has entered into an agreement to be taken private by a consortium led by senior company management and Fairfax Financial Holdings Limited in an all-cash transaction valued at $1.65 billion.
Following completion of the acquisition, Kennedy Wilson CEO William McMorrow and senior company executives, collectively known as the KW Management Group, will have effective and operational control of the Beverly Hills-based real estate investment firm. Toronto-based Fairfax is expected to hold a majority of the economic interest in the company.
The purchase price of $10.90 per share represents a 46% premium to the unaffected share price of Kennedy Wilson as of November 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 its legal advisor. Allen Overy Shearman Sterling LLP is serving as legal advisor to Fairfax, while Latham & Watkins LLP and Ropes & Gray LLP are serving as legal advisors to Kennedy Wilson.
