Viper Energy Partners LLC, a subsidiary of Viper Energy, Inc., has entered into a unit purchase and sale agreement with an affiliate of Kimmeridge Energy Management Company, LLC under which Viper Energy Partners is repurchasing 1,000,000 of its LLC units from Kimmeridge for an aggregate purchase price of US$40,650,000, or US$40.65 per unit, equivalent to the last Nasdaq closing price of Viper Energy, Inc. Class A common stock. The transaction was approved by the audit committee of Viper Energy, Inc.’s Board of Directors.
Latham & Watkins LLP represents Viper Energy in the transaction with a corporate deal team led by New York partner Zachary Podolsky and Houston partner Ryan Lynch, with associates Chase Browndorf and Emily Brown. Houston partners Tim Fenn and Bryant Lee advised on tax matters, and Washington, D.C. partner Julia Thompson advised on securities and governance matters.
Where the legal industry reads first.
Enjoyed this article? Get the biggest legal industry updates, deals, appointments, insights and expert interviews in your inbox, free.
No spam. Unsubscribe anytime.From Legal Desire
Is your firm the one being cited, or the one being skipped?
We ran the test. On several everyday legal questions, software companies are answering and law firms are not. We help firms fix that, and we build the technology behind the practice.
Lawyers and firms: get featured on Legal Desire
Share your deals, lateral moves, firm news and insights with 1M+ monthly readers: founders, law firm partners, general counsel and practising lawyers across the US, UK, EU and GCC.
Get featuredSubmit a press releaseThe advising firms, the named deal team, the value and the parties, with every other announced deal by the same firms and lawyers. Open the deal record
