Kennedy-Wilson to be Acquired by a Consortium Led by CEO McMorrow and Fairfax Financial for $6.16 Billion

Kennedy-Wilson Holdings, Inc. (KW) entered a merger agreement on February 17, 2026, to be acquired by an entity affiliated with a consortium led by CEO William McMorrow and Fairfax Financial Holdings Limited, in a deal valued at $6.16 billion.

Deal Structure:

The Consortium will acquire all outstanding common shares of Kennedy Wilson for $10.9 per share in cash, representing a premium of 10.21% from the stock’s last close.

Company Profile:

Kennedy-Wilson is a real estate investment manager and operator that owns, develops, and invests in multifamily, office, and other properties across the United States, the UK, Ireland, and other international markets through both its balance sheet and investment management platform.

Fairfax is a financial holding company that, through its subsidiaries, primarily underwrites property and casualty insurance and reinsurance and also manages investment portfolios to generate long-term returns for shareholders.

Deal Details and Timeline:

In November last year, a consortium led by Kennedy-Wilson CEO William McMorrow and Fairfax Financial offered to acquire all of the outstanding shares for $10.25 per share in cash. The stock was trading at $7.47 when the offer was made for the company, in which the consortium collectively owned approximately 31% of the outstanding common stock.

Fairfax has entered into a commitment letter under which it has agreed to provide the Consortium with funding of up to $1.65 billion.

The deal is expected to close in the second quarter of 2026.

The Board may choose to continue paying up to two regular quarterly dividends of up to $0.12 per share to common stockholders until the required stockholder approvals for the transaction are received.

Moelis & Co is serving as financial advisor to the Special Committee of the Board, and Cravath, Swaine & Moore is serving as its legal advisor. BofA Securities and J.P. Morgan Securities are serving as financial advisors to the Consortium, and Debevoise & Plimpton is serving as its legal advisor. A&O Shearman is serving as legal advisor to Fairfax, and Latham & Watkins and Ropes & Gray are serving as legal advisors to Kennedy-Wilson.

Deal Metrics:

For more in-depth information on this merger and acquisition transaction, visit the Deal Metrics page here:

Deal Metrics for the acquisition of Kennedy-Wilson Holdings, Inc. (KW) by CEO William McMorrow and Fairfax Financial Holdings Limited

The Deal Metrics page for each M&A transaction includes:

• A spread history chart tracking the merger from announcement to completion or failure.
• Key events as the merger progresses, including the expiration of the HSR period, regulatory approvals, shareholder votes, and more.
• News updates and SEC filings related to the merger.
• A history of deal updates.
• And much more.

Disclaimer: This article is for informational purposes only. Please conduct your own thorough research before making any investment decisions. We do not guarantee the completeness or accuracy of the information provided in this article.

Editor’s Note: Baranjot Kaur contributed to this article