The Firm is representing Kohlberg Kravis Roberts & Co. L.P. (“KKR”) in the formation of a partnership with Chesapeake Energy Corporation (“Chesapeake”) to invest in mineral interests and royalty interests in key oil and gas basins in the United States. KKR and Chesapeake will make an initial combined $250 million commitment to the partnership. Chesapeake will contribute 10% of the total commitment and will receive a promoted interest in the partnership. KKR and Chesapeake will jointly oversee the partnership while Chesapeake will source, acquire and manage the royalty investment opportunities.
The Simpson Thacher team includes: Andy Calder, John Pitts, Jay Blackman and Austen Heim (M&A) and Nancy Mehlman and Sean Austin (Tax).
Lawyers:
• Sean M. Austin
• Jay B. Blackman
• Andrew T. Calder
• Austen M. Heim
• Nancy L. Mehlman
• John D. Pitts
Related Practice Areas:
• Corporate
• Mergers and Acquisitions
• Tax
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