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- Kennedy-Wilson Holdings
Kennedy-Wilson Holdings Acquisition, Valuation & Financials
Kennedy-Wilson Holdings was acquired by Fairfax Financial for $1.5B in February 2026.
Kennedy-Wilson Holdings revenue as a public company
$501M
Last twelve months · Jun 2026
Kennedy-Wilson Holdings revenue multiple before the deal
13.8x
EV/Revenue · last month listed · Jun 2026
Kennedy-Wilson Holdings EBITDA multiple at acquisition
2.7x
EV/EBITDA · Feb 2026
About Kennedy-Wilson Holdings
Kennedy-Wilson Holdings Inc is a real estate investment company that owns, operates, and invests in real estate both on its own and through its investment management platform. The Company focuses on multifamily and office properties, as well as industrial and debt investments. It has two business segments; the Consolidated Portfolio includes investment activities that involve ownership of multifamily units, office, retail and industrial space, and one hotel, and The Co-Investment Portfolio segment consists of investments the Company makes with partners in which it receives fees, performance allocations that it earns on its fee-bearing capital and distributions and profits from its ownership interest in the underlying operations of its co-investments.
Founded
1977
HQ
Website
Status
Acquired
Customer focus
B2B
Revenue model
Investment management
Revenue
$501M (Jun 2026)
Valuation
$1.5B (acquired Feb 2026)
Sectors
Kennedy-Wilson Holdings Acquisition
Kennedy-Wilson Holdings was acquired by Fairfax Financial for $1.5B on 17 February 2026.
The acquisition price implies a 2.7x EBITDA multiple.
| Acquirer | Date | Type | Price | EV/EBITDA |
|---|---|---|---|---|
| 17 Feb 2026 | PE buyout | $1.5B | 2.7x |
Kennedy-Wilson Holdings as a Public Company
Kennedy-Wilson Holdings traded as NYS: KW before it was taken private. Its acquisition was announced in February 2026. June 2026 is its last month on record as a listed company, with a market cap of $1.5B and an enterprise value of $6.9B.
Last-twelve-month revenue was $501M, and the shares traded at 13.8x EV/Revenue.
Over the 4 years before that, its market cap fell from $2.6B in June 2022 to $1.5B, while revenue grew from $475M to $501M.
Kennedy-Wilson Holdings market cap while listed
Kennedy-Wilson Holdings EV/Revenue (LTM) while listed
| As of | Market cap | Revenue (LTM) | EV/Revenue |
|---|---|---|---|
| Jun 2026 | $1.5B | $501M | 13.8x |
| Jun 2025 | $938M | $457M | 13.9x |
| Jun 2024 | $1.3B | $483M | 14.3x |
| Jun 2023 | $2.3B | $528M | 15.4x |
| Jun 2022 | $2.6B | $475M | 17.2x |
Market cap, enterprise value and last-twelve-month figures are month-end values, up to the last month Kennedy-Wilson Holdings traded.
Kennedy-Wilson Holdings Funding History
Kennedy-Wilson Holdings has raised 1 funding round.
| Date | Stage | Investors | Deal Summary |
|---|---|---|---|
| Feb 2026 | Undisclosed stage | KW Management Group | Kennedy Wilson, a real estate investment company with $36 billion of assets under management across the US, UK, and Ireland, entered a definitive merger agreement on February 16, 2026, to be acquired by a consortium led by Chairman and CEO William McMorrow's KW Management Group and Fairfax Financial Holdings. The consortium will purchase all outstanding common shares for $10.90 per share in cash, representing a 46% premium to the unaffected share price as of November 4, 2025. Fairfax committed up to $1.65 billion to fund the transaction, and following closing expected in Q2 2026, KW Management Group will retain operational control while Fairfax holds the majority economic stake. The company reported 2025 full-year revenue of $542.5 million. Fee-bearing investment management revenue grew, with investment management fees up 16% to $115.2 million. Assets under management expanded to $36 billion, supported by co-investment platform deployments of $1.9 billion (KW share 9%) and debt investment platform growth to $10.9 billion in Q4 2025. Kennedy Wilson focused on multifamily and development acquisitions, including the $347 million Toll Brothers Apartment Living platform purchase, $116 million in US multifamily assets (19% weighted-average ownership), and $40 million in balance sheet sites for recapitalization. Dispositions generated $65 million in cash. The transaction, pending shareholder and regulatory approvals, will delist the common stock from the NYSE. |
Who has invested in Kennedy-Wilson Holdings?
1 investor has backed Kennedy-Wilson Holdings across its funding rounds, including KW Management Group.
Kennedy-Wilson Holdings Investors
| Investor | Rounds | Role | First check |
|---|---|---|---|
This data is available for Pro users. Sign up to see all 1 Kennedy-Wilson Holdings investors. Start Free Trial | |||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by Kennedy-Wilson Holdings
Kennedy-Wilson Holdings has acquired 3 companies to date.
Last acquisition by Kennedy-Wilson Holdings was on September 18th 2025. Kennedy-Wilson Holdings acquired Toll Brothers Apartment Living for $380M.
Latest Acquisitions by Kennedy-Wilson Holdings
| Description | Toll Brothers Apartment Living is the rental housing division of Toll Brothers that constructs and manages luxury multifamily communities. Operating in key U.S. markets such as New York, Philadelphia, and San Diego, it delivers high-end apartments with resort-style amenities including pools, fitness centers, and concierge services. The platform supports virtual tours and online leasing through dedicated sales consultants. | Alhouse Deaton is a Pennsylvania-based firm providing real estate, financial advisory, capital improvement, leasing, project management, and property management services. Operating in the Mid-Atlantic region, the company manages commercial portfolios for institutional owners, handling transactions in office, retail, and industrial properties across Philadelphia and surrounding areas. | Radius is a class-A multifamily apartment community in St. Louis, Missouri. Amenities feature two rooftop decks, a gaming lounge, fitness center equipped with Peloton bikes, and a private screening room. The property offers studio to two-bedroom units with stainless steel appliances and in-unit laundry. |
| HQ Country | |||
| HQ City | Philadelphia, PA | San Francisco, CA | Seattle, WA |
| Deal Date | 18 Sep 2025 | 13 Jan 2022 | 6 Feb 2017 |
| Valuation | $380M | undisclosed | $282M |
| EV/Revenue | |||
| EV/EBITDA | |||
This data is available for Pro users. Sign up to see all Kennedy-Wilson Holdings acquisitions and their M&A valuation multiples. Start Free Trial | |||
Investments by Kennedy-Wilson Holdings
Kennedy-Wilson Holdings has invested in 1 company to date.
Latest investment by Kennedy-Wilson Holdings was on March 30th 2022. Kennedy-Wilson Holdings invested in Agorus in their $7M Seed round.
Latest Investments by Kennedy-Wilson Holdings
| Description | Agorus is a software provider specializing in automation for residential construction. Their platform optimizes homebuilding processes by addressing inefficiencies in traditional methods, enabling customization akin to automotive manufacturing. Key features include risk mitigation tools, workflow streamlining, and data analytics for project management. Targeted at builders seeking faster timelines and cost reductions, Agorus operates from the United States with a focus on scalable solutions for single-family homes. The company integrates AI for predictive planning and supply chain coordination, supporting end-to-end construction from design to completion. | Agorus is a software provider specializing in automation for residential construction. Their platform optimizes homebuilding processes by addressing inefficiencies in traditional methods, enabling customization akin to automotive manufacturing. Key features include risk mitigation tools, workflow streamlining, and data analytics for project management. Targeted at builders seeking faster timelines and cost reductions, Agorus operates from the United States with a focus on scalable solutions for single-family homes. The company integrates AI for predictive planning and supply chain coordination, supporting end-to-end construction from design to completion. |
| HQ Country | ||
| HQ City | San Diego, CA | San Diego, CA |
| Deal Date | 30 Mar 2022 | 4 Mar 2019 |
| Round | Seed | Angel |
| Raised | $7M | $2M |
| Investors | Point72 Ventures; Signia Venture Partners; Toyota Ventures; Blackhorn Ventures; DivcoWest | - |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Kennedy-Wilson Holdings investments and their VC round multiples. Start Free Trial | ||
Kennedy-Wilson Holdings Competitors
Kennedy-Wilson Holdings competitors include listed companies like JHSF, Emaar Misr, NP3 Fastigheter and Deutsche EuroShop, and private ones like Gruppo Barletta and Shanghai Taomao.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $676M | $515M | $1.5B | 3.4x | ||
| Publicly listed | $380M | $130M | $1.5B | 1.6x | ||
| Publicly listed | $232M | $220M | $1.5B | 12.3x | ||
| Publicly listed | $311M | $254M | $1.5B | 10.9x | ||
| Private | - | - | $1.4B | - | ||
| Private | - | - | $1.3B | - |
Kennedy-Wilson Holdings Public Comps
Kennedy-Wilson Holdings is no longer listed, but its public comps include JHSF, Emaar Misr, NP3 Fastigheter, Deutsche EuroShop, Hyprop Investments, Saudi Real Estate, Dom Development, Douja Promotion Groupe, Reit 1 and Kiler Holding.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $676M | $515M | 2.9x | 3.4x | 3.8x | 6.7x | |||
| $380M | $130M | 2.0x | 1.6x | 5.9x | - | |||
| $232M | $220M | 13.5x | 12.3x | 14.2x | 16.9x | |||
| $311M | $254M | 11.3x | 10.9x | 13.8x | 14.0x | |||
| $314M | $304M | 7.2x | 10.0x | 7.4x | 12.8x | |||
| $501M | $206M | 4.2x | 4.2x | 10.3x | 13.3x | |||
| $861M | $216M | 2.0x | 1.7x | 8.1x | 7.6x | |||
| $419M | $93M | 5.3x | 7.4x | 23.7x | 55.7x | |||
This data is available for Pro users. Sign up to see all Kennedy-Wilson Holdings competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Kennedy-Wilson Holdings
| When was Kennedy-Wilson Holdings founded? | Kennedy-Wilson Holdings was founded in 1977. |
| Where is Kennedy-Wilson Holdings headquartered? | Kennedy-Wilson Holdings is headquartered in Los Angeles, CA, United States. |
| Is Kennedy-Wilson Holdings publicly listed? | No, Kennedy-Wilson Holdings was acquired by Fairfax Financial in February 2026. |
| Who acquired Kennedy-Wilson Holdings? | Kennedy-Wilson Holdings was acquired by Fairfax Financial in February 2026. |
| How much was Kennedy-Wilson Holdings acquired for? | Kennedy-Wilson Holdings was acquired for $1.5B in February 2026. |
| What was Kennedy-Wilson Holdings' last funding round? | Kennedy-Wilson Holdings' last funding round was a undisclosed-stage round in February 2026. |
| Who are Kennedy-Wilson Holdings' investors? | Kennedy-Wilson Holdings' investors include KW Management Group. |
| Which companies are comparable to Kennedy-Wilson Holdings? | Companies comparable to Kennedy-Wilson Holdings include JHSF, Emaar Misr, NP3 Fastigheter, Deutsche EuroShop, Gruppo Barletta and Shanghai Taomao. |
| What was Kennedy-Wilson Holdings' market cap before the acquisition? | Kennedy-Wilson Holdings had a market cap of $1.5B in June 2026, its last month on record as a listed company, trading at 13.8x EV/Revenue. |
| What was Kennedy-Wilson Holdings' revenue as a public company? | Kennedy-Wilson Holdings' last reported twelve-month revenue was $501M (June 2026). |
| How many companies has Kennedy-Wilson Holdings acquired? | Kennedy-Wilson Holdings has acquired 3 companies, including Toll Brothers Apartment Living, Alhouse Deaton and Radius. |
| What was the largest acquisition by Kennedy-Wilson Holdings? | The $380M acquisition of Toll Brothers Apartment Living in September 2025 is the largest acquisition Kennedy-Wilson Holdings has made to date. |
| How many companies has Kennedy-Wilson Holdings invested in? | Kennedy-Wilson Holdings has invested in 1 company, including Agorus. |
| What was Kennedy-Wilson Holdings' last investment? | In March 2022, Kennedy-Wilson Holdings invested in Agorus' $7M seed round alongside Point72 Ventures, Signia Venture Partners, Toyota Ventures and 2 other investors. |
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