DLA Piper represents Kayne Anderson and Haymaker Minerals in sale of mineral and royalty interests

DLA Piper advised Kayne Anderson Capital Advisors LP and Houston-based Haymaker Minerals & Royalties LLC and Haymaker Resources LP in the sale of oil and gas mineral and royalty interests to Kimbell Royalty Partners LP for approximately $404 million in a transaction comprised of cash and stock.

Founded in 2013, Haymaker has invested capital on behalf of Kayne Anderson and KKR & Co. LP to acquire over five-million gross mineral acres through more than 700 individual transactions.

Following the closing of the acquisition, Kayne Anderson and KKR, along with Haymaker management, will collectively own approximately 37% of the then outstanding common units of Kimbell. The deal is expected to close in the third-quarter of 2018.

The DLA Piper team involved in the deal included Jack Langlois, US co-chair of the firm’s energy sector (Houston), partners Gislar Donnenberg and Glenn Reitman (both of Houston), Gerald Rokoff and Jeffrey Salinger (both of New York); and associates Kurtis Weaver (Boston), Todd Mobley (Dallas) and Jibin Luke, Ansley Newton and Courtney Wade (all of Houston).

Kayne Anderson was also represented by its general counsel, Kevin Brophy.