M&A Deal Summary

Kayne Anderson Capital Advisors and 89 Energy III Acquire Land Run Minerals V

On October 31, 2022, asset manager Kayne Anderson Capital Advisors and 89 Energy III acquired oil/gas exploration company Land Run Minerals V

Acquisition Highlights
  • This is Kayne Anderson Capital Advisors’ 104th and 89 Energy III’s 3rd transaction in the Oil/Gas Exploration sector.
  • This is Kayne Anderson Capital Advisors’ 159th and 89 Energy III’s 3rd transaction in the United States.
  • This is Kayne Anderson Capital Advisors’ 19th and 89 Energy III’s 2nd transaction in Oklahoma.

M&A Deal Summary

Date 2022-10-31
Target Land Run Minerals V
Sector Oil/Gas Exploration
Buyer(s) Kayne Anderson Capital Advisors
89 Energy III
Deal Type Joint Venture
Advisor(s) Baker Botts
Porter Hedges (Legal)

Target

Land Run Minerals V

Oklahoma City, Oklahoma, United States
Land Run Minerals V is a private energy company focused on the acquisition and management of mature royalty assets. Land Run Minerals V is based in Oklahoma City.

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Buyer(S) 2

Buyer

Kayne Anderson Capital Advisors

Los Angeles, California, United States

Investor Investor Investor Investor


Category Asset Manager
Founded 1984
PE ASSETS 36.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kayne Anderson Capital Advisors is an alternative investment management firm focused on hedge funds, public funds, energy private equity, growth private equity, real estate private equity, and mezzanine finance opportunities. Kayne's energy private equity group focuses on $20 to $100 million investments in high-growth exploration and production, midstream and oilfield service companies. The energy group considers both majority or minority stakes in public and private businesses. Kayne's growth private equity practice involves structured investments in public and private companies looking for capital to finance expansion. This group will also consider middle-market leveraged transactions and management buyouts. Kayne's real estate private equity group invests in established, cash-flow generating projects. Areas of interest include student housing and campus-oriented retail properties, amongst other opportunistic investments. The Group looks for acquisitions of $25 to $100 million. Kayne's mezzanine team looks to provide $20 to $35 million of capital for mid-market businesses with $100 to $500 million of sales and $10 to $50 million of EBITDA. Kayne Capital Advisors was formed in 1984 and is based in Los Angeles with additional offices in Armonk, New York; New York City, and Houston.


DEAL STATS #
Overall 176 of 178
Sector (Oil/Gas Exploration) 104 of 105
Type (Joint Venture) 1 of 1
State (Oklahoma) 19 of 19
Country (United States) 159 of 161
Year (2022) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-13 Shipfusion

Carol Stream, Illinois, United States

Shipfusion is a provider of eCommerce fulfillment and technology solutions. The company recently announced the launch of its 250,000+ square foot warehouse in Las Vegas, a growing hub for many logistics companies in North America. All facilities are operated by Shipfusion, and powered by its proprietary warehouse management systems. Shipfusion was founded in 2013 and is based in Carol Stream, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-02 Ensign Natural Resources

Houston, Texas, United States

Ensign Natural Resources is an exploration and production company focused on acquiring, developing and producing U.S. unconventional resources. Ensign Natural Resources was founded in 2017 and is based in Houston, Texas. ​

Sell $3.0B
Buyer

89 Energy III

Oklahoma, Oklahoma, United States

Category Company
Sector Oil/Gas Exploration
DESCRIPTION

89 Energy III is a private E&P company that focused on the continued development of its footprint in the Anadarko Basin and the pursuit of acquisitions within the Mid-Continent region. 89 Energy III is based in Oklahoma City.


DEAL STATS #
Overall 3 of 3
Sector (Oil/Gas Exploration) 3 of 3
Type (Joint Venture) 1 of 1
State (Oklahoma) 2 of 2
Country (United States) 3 of 3
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-20 Native Oil & Gas

Oklahoma City, Oklahoma, United States

Native Oil & Gas is a private exploration and production company that pursues a lease and drill strategy in the Mid-Continent region, specifically Oklahoma. Native Oil & Gas was founded in 2017 and is based in Oklahoma City.

Buy -