Latham & Watkins Advises Kennedy Wilson in Take-Private by Consortium Led by William McMorrow and Fairfax Financial

Kennedy-Wilson Holdings, Inc. (Kennedy Wilson or the company) and Fairfax Financial Holdings Limited (TSX: FFH and FFH.U) (Fairfax), announced that the company has entered into a definitive agreement providing for Kennedy Wilson to be acquired, in an all-cash transaction, by an entity affiliated with a consortium led by William McMorrow, Chairman and Chief Executive Officer of the company, and certain other senior executives of the company, together with Fairfax. Under the terms of the merger agreement, the consortium will acquire all outstanding common shares of Kennedy Wilson other than certain shares owned by the members of the consortium and their respective affiliates for US$10.90 per share in cash. The transaction is expected to close in the second quarter of 2026, subject to the satisfaction of a number of customary closing conditions.

Latham & Watkins LLP represents Kennedy Wilson in the transaction with a corporate deal team led by Los Angeles/New York partner Julian Kleindorfer and Los Angeles partner Brian Duff, with associates Mark Goshgarian and Joy Chen. Advice was also provided on capital markets matters by Los Angeles partner Arash Aminian Baghai, with associates Eric Finkelberg and Dylan Shamoon; on tax matters by Los Angeles partners Ana O'Brien and Eric Cho; on finance matters by Los Angeles/Bay Area partner Elizabeth Oh; on intellectual property matters by New York partner Jeffrey Tochner, with associate Zachary Shufro; on data privacy and cybersecurity matters by Washington, D.C. partner Clayton Northouse, with associate Zac Alpert; on compensation and benefits matters by Los Angeles/Bay Area partner Julie Crisp, with associate Aaron Tso; on environmental matters by Los Angeles partner Aron Potash, with assistance from Adrian Guess; on real estate matters by New York partners Douglas Heitner and Aida Vajzovic and New York counsel Shira Bressler; on regulatory matters by Washington, D.C./Los Angeles partner Paul Rosen, with associate Adam Schupack; on HSR matters by Washington, D.C. partners Patrick English and David Brenneman, with associate Ben Bouwman; on FDI matters by Hamburg partner Jana Dammann; on ex-US antitrust matters by Brussels partner Tomas Nilsson; and on anti-corruption and anti-money laundering matters by Washington, D.C. partner Daniel Dominguez.