M&A Deal Summary

Desert Peak Acquires Falcon Minerals

On January 12, 2022, Desert Peak acquired metals/mining company Falcon Minerals for 1.9B USD

Acquisition Highlights
  • This is Desert Peak’s 1st transaction in the Metals/Mining sector.
  • This is Desert Peak’s largest (disclosed) transaction.
  • This is Desert Peak’s 1st transaction in the United States.
  • This is Desert Peak’s 1st transaction in New York.

M&A Deal Summary
Date 2022-01-12
Target Falcon Minerals
Sector Metals/Mining
Buyer(s) Desert Peak
Deal Type Merger
Deal Value 1.9B USD
Advisor(s) Latham & Watkins (Legal)

Target

Falcon Minerals

New York, New York, United States
Falcon is an Up-C-Corporation formed to own and acquire high-quality, oil-weighted mineral rights. Falcon owns mineral, royalty, and over-riding royalty interests covering over 21,000 NRAs in the Eagle Ford Shale and Austin Chalk in Karnes, DeWitt, and Gonzales Counties in Texas. The Company also owns over 12,000 NRAs in the Marcellus Shale across Pennsylvania, Ohio, and West Virginia.

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Buyer(S) 1

Buyer

Desert Peak

Denver, Colorado, United States
Category Company
Sector Metals/Mining
DESCRIPTION

Desert Peak was founded to acquire, own and manage high-quality Permian Basin mineral and royalty interests with the objective of generating cash flow from operations that can be returned to shareholders and reinvested. Desert Peak has accumulated over 105,000 net royalty acres (“NRAs,” when normalized to a 1/8th royalty equivalent) through the consummation of over 175 acquisitions to date.

DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Merger) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal