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Kekst CNC handled Landbridge’s initial public offering as its shares rose as much as 23.5 percent on their first day of trading on June 28. Shares opened at $19.
Landbridge owns 220K acres across Texas and New Mexico in the oil and natural gas-rich Permian Basin region.
Occidential Petroleum, ConocoPhillips, EOG Resources, and Mewbourne Oil are among the energy giants that are drilling on Landbridge’s properties.
Five Point Energy, a private equity firm that invests in energy, environmental water management and sustainable infrastructure companies within the Permian Basin, founded Landbridge in 2021.
Landbridge’s shares are currently trading at $23.94.
Kekst CNC’s Landbridge team includes Daniel Yunger, Jon Morgan, Nathaniel Shahan and Zach Blumberg.
Prosek Partners handles HPS Investment Partners as the global credit investment manager is acquired by BlackRock for $12B.
FGS Global handles Summit Materials as the Denver-based aggregates and cement company agrees to be acquired by Quikrete Holdings for $11.5B.
C Street Advisory Group is providing strategic communications counsel to Hearthside Foods Solutions contract food manufacturer as it files Chapter 11 in a bid to “right size” its balance sheet.
Teneo is serving as communications and restructuring advisor for Northvolt as Europe’s electric vehicle battery champion declares Chapter 11.
Transom Capital Group has named Dana Goldstein head of IR and marketing, a new post at the Los Angeles-based private equity firm.
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