AcquisitionsJun 16, 2026, 08:46 AM
Fairfax Completes Kennedy Wilson Take-Private Deal for $10.90/Share
AI Summary
Fairfax Financial Holdings Limited announced the completion of the previously announced take-private acquisition of Kennedy-Wilson Holdings, Inc. The transaction was executed at US$10.90 per share in cash by a consortium including Fairfax affiliates. While the KW Management Group maintains operational control, Fairfax holds a majority economic interest. Additionally, an affiliate of the consortium secured a US$1.3 billion term loan facility, for which Fairfax has provided a stand-by guarantee.
Key Highlights
- Fairfax completed the acquisition of Kennedy-Wilson Holdings, Inc. for US$10.90 per share in cash.
- The acquisition was made by a consortium led by William McMorrow and certain Fairfax affiliates.
- Fairfax holds a majority of the economic interest in Kennedy Wilson.
- The KW Management Group, led by William McMorrow, retains effective and operational control.
- An affiliate of the Consortium obtained a three-year US$1.3 billion term loan facility.
- Fairfax agreed to provide a stand-by guarantee for the Borrower's obligations under the Credit Agreement.
Price Impact
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