Kirkland Advises Blackstone on $1.9 Billion All-Stock Merger of Desert Peak Minerals and Falcon Minerals Corporation
Kirkland & Ellis counseled Blackstone in connection with Falcon Minerals Corporation’s (NASDAQ: FLMN, FLMNW) entry into a definitive agreement to combine with Desert Peak Minerals in an all-stock transaction which values the combined enterprise at $1.9 billion. The combination is expected to create a premier mineral and royalty company at the front end of operators’ cost curves, with low leverage, an emphasis on shareholder returns and a significant footprint in the Permian Basin and Eagle Ford.
The Kirkland team was led by M&A partners Rhett Van Syoc, Doug Bacon, Debbie Yee, David Thompson, and Randy Santa Ana; and capital markets partners Michael Rigdon and Atma Kabad and associate Shelby Brown.
