Ogier has advised NYSE-listed Kennedy-Wilson Holdings, Inc. on its recommended offer for Kennedy Wilson Europe Real Estate plc. The original and revised offers were announced on 24 April 2017 and 13 June 2017 respectively.
The revised offer valued Kennedy Wilson Europe's issued and to be issued share capital at approximately £1.44 billion. The transaction was implemented by a court-sanctioned scheme of arrangement under Article 125 of the Jersey Companies Law, which became effective on 20 October 2017.
Kennedy Wilson is a global real estate investment company with $18 billion assets under its management. Kennedy Wilson's focus is on multifamily and commercial properties located in the Western U.S., UK, Ireland, Spain, Italy and Japan. It owns, operates, and invests in real estate both on its own and through its investment management platform.
The deal represents another Jersey court-sanctioned scheme of arrangement on which Ogier has advised and is one of the largest public M&A deals to date in 2017. The Ogier team worked alongside Macfarlanes LLP and Wachtell, Lipton, Rosen & Kratz as English and US counsel to the bidder respectively.
Lead partner, Simon Dinning, said: "We are delighted to have worked on this, at times, complex transaction and have been able to demonstrate Ogier's in depth knowledge of scheme practice in Jersey. We look forward to an ongoing relationship with Kennedy Wilson and of course with Macfarlanes and Wachtell."