Davis Polk advised Deutsche Bank Securities Inc. as the sole underwriter in connection with an SEC-registered follow-on offering by Kennedy-Wilson Holdings, Inc. of 6,900,000 shares of Kennedy-Wilson’s common stock, which included 900,000 shares that the underwriter purchased pursuant to an additional share purchase option. The net proceeds from the offering totaled approximately $122.2 million.

Founded in 1977, Kennedy-Wilson is an international real estate investment and services company headquartered in Beverly Hills, California with 24 offices in the United States, United Kingdom, Ireland, Spain and Japan. The company operates through two core business units: KW Investments and KW Services. KW Investments invests Kennedy-Wilson’s capital in most cases alongside partners’ capital in real estate-related assets, including multifamily properties, loans secured by real estate and office and residential properties. KW Services provides a full array of real estate-related services to investors and lenders, with a strong focus on financial institutions-based clients.

The Davis Polk corporate team included partner John G. Crowley and associates Jonathan C. Pentzien, Elina M. Lae and Julian Russo. The tax team included partner Michael Farber and associate William J. Moccia. Counsel Betty Moy Huber and associate Amy E. Turner provided environmental advice. All members of the Davis Polk team are based in the New York office.