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National  + Finance  |  June 16, 2026
Paul Bubny
By: Paul Bubny

Kennedy Wilson, Fairfax Financial Close on $1.65B Take-Private Deal

Kennedy-Wilson Holdings, Inc. said Tuesday that Fairfax Financial Holdings Limited had completed its all-cash acquisition of the company. First announced this past February, the privatization deal is valued at $1.65 billion.

William McMorrow, chairman and CEO of Kennedy Wilson, and senior management of Kennedy Wilson, collectively known as KW Management Group, maintain effective and operational control of the Beverly Hills-based real estate investment firm and its subsidiaries. Toronto-based Fairfax now has a majority of the economic interest in the company.

In addition, Fairfax said Tuesday that a consortium led by KW Management Group and certain Fairfax affiliates has obtained a $1.3-billion term loan facility. Fairfax is providing a standby guarantee on the loan.

With the completion of the acquisition, which was approved by Kennedy Wilson shareholders in a special meeting on June 10, Kennedy Wilson shares have ceased trading on the New York Stock Exchange.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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