Fairfax Financial Holdings Ltd (FFH) is on the rebound. The company, which is headed by legendary Canadian investor Prem Watsa, recently failed in its bid to bring BlackBerry Ltd (BBRY) (BB) private, but it’s getting right back on the horse. According to reports released today the company has acquired a 51% stake in the Keg restaurant group.
The Keg is a Canadian restaurant group that operates in that country and the United States. Fairfax Financial Holdings Ltd (FFH) acquired a stake in the Keg Restaurants Ltd. The group operates some of the restaurants under the brand. Fairfax now owns a 51% stake in the company, with the remaining 49% staying with the founder of The Keg, David Aisenstat.
Fairfax moves into The Keg
An investment from Fairfax Financial Holdings Ltd (FFH) often provides a boost for a company. The investment firm is no stranger to a value approach, and it is familiar with the day-to-day running of a business. Prem Watsa’s presence gives a company a stamp of approval and offers it some of the best advice out there.According to the terms of the Keg deal, David Aisenstat will retain his position at the head of the company. He owned the entirety of Keg Restaurants Ltd before Fairfax Financial holdings Ltd (FFH) bough in.