Davis Polk advised Merrill Lynch, Pierce, Fenner & Smith Incorporated and Deutsche Bank Securities Inc. as representatives of the several underwriters and joint book-running managers of a registered public offering by Kennedy-Wilson Holdings, Inc. of 6,000,000 shares of Kennedy-Wilson’s common stock. The net proceeds from the offering totaled approximately $62.3 million. Kennedy-Wilson intends to use the net proceeds from the offering to repay borrowings under its unsecured revolving credit facility and for working capital and general corporate purposes, including future acquisitions and co-investments.

Founded in 1977, Kennedy-Wilson is a diversified, international real estate investment and services firm. It is a vertically integrated real estate operating company with over 300 professionals in 23 offices throughout the United States, Europe and Japan.

The Davis Polk corporate team included partner John G. Crowley and associates Jonathan C. Pentzien, Russ McCracken (not yet admitted) and Joshua Dugan. The tax team included partner Michael Farber and associate Kay Ng. Counsel Betty M. Huber provided environmental advice. Caroline B. Cima was the legal assistant on the transaction. All members of the Davis Polk team are based in the New York office.