Kimbell Royalty Partners’ $107.8 Million Drop Down Acquisition


Evercore Group L.L.C. acted as financial advisor to the Conflicts Committee in connection with the Drop Down. Potter Anderson & Corroon LLP acted as legal advisor to the Conflicts Committee. Baker Botts L.L.P. acted as legal advisor to Kimbell Royalty Partners in connection with the Drop Down. UBS Investment Bank acted as financial advisor and Mayer Brown LLP acted as legal advisor to the sellers in the Drop Down. Bracewell LLP advised Evercore on the deal

Kimbell Royalty Partners, LP (NYSE: KRP), a leading owner of oil and natural gas mineral and royalty interests across 28 states, executed the purchase of certain oil and gas royalty assets from certain affiliated sellers for approximately $107.8 million (the “Drop Down”).

The Drop Down was approved by the Conflicts Committee of the Board of Directors of Kimbell Royalty Partners’ general partner (the “Conflicts Committee”) and the Board of Directors of Kimbell Royalty Partners’ general partner on November 20, 2018.

Baker Botts advised with a team including Jason Rocha (Picture), Joshua Davidson, Eileen Boyce, Michael P. Bresson, Jennifer Gasser, T. Chuck Campbell, Erin Hopkins, Taylor Christian López, Katie McEvilly.

Bracewell advised Evercore with a team including William S. Anderson and Benjamin J. Martin.

Involved fees earner: Eileen Boyce – Baker Botts; Michael Bresson – Baker Botts; Chuck Campbell – Baker Botts; Joshua Davidson – Baker Botts; Jennifer Gasser – Baker Botts; Erin Hopkins – Baker Botts; Taylor Christian López – Baker Botts; Katie McEvilly – Baker Botts; Jason Rocha – Baker Botts; William Anderson – Bracewell; Benjamin Martin – Bracewell;

Law Firms: Baker Botts; Bracewell;

Clients: Evercore Partners; Kimbell Royalty Partners LP;

Author: Ambrogio Visconti