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Kekst CNC is handling the $1.9B merger of Desert Peak Minerals and Falcon Minerals to create a company with an extensive footprint in Texas’ petroleum-rich Permian Basin.
Desert Peak shareholders will control 73 percent of the combined company that will be headquartered in Denver. It will produce 13,500 to 14,500 barrels of oil equivalents over the course of the first half of 2022. About three-quarters of that output will flow from the Permian Basin.
Chris Conoscenti, CEO of Desert Peak, said the merger creates a leading public minerals company with a strong growth trajectory.
His goal is to be the leading consolidator of high-quality Permian Basin assets.
Kimmeridge, a private investment firm, launched Desert Peak. Blackstone controls a 40.6 percent stake in Falcon.
Kekst CNC has Daniel Yunger, Hallie Wolff and Emma Cloyd repping Desert Peak.
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Tod Donhauser, a nine-year veteran of Edelman, has joined H/Advisors Abernathy as managing director and head of its San Francisco office.
Intelligent Group Ltd, a Hong Kong-based financial PR firm, has priced its initial public offering of 1.9M shares at $4, which is the low end of the $4 to $5 range.
Kekst CNC represents Grant Thornton as it sells a majority stake in its US arm to New Mountain Capital, which relies on Goldin Solutions, in what is billed as the largest PE investment in the accounting and advisory sector.
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