Exit: Brigham Minerals’ backers Warburg, Yorktown and Pine Brook selling down positions


[Context: On December 9, Brigham Minerals (NYSE: MNRL) filed an S-1 with the SEC disclosing that its PE sponsors’ Warburg Pincus, Yorktown Energy and Pine Brook to sell down their ownership stakes in an offering of up to 12.6m shares AT $19.10 per share. Further details and related links are below.]


Brigham Minerals (NYSE: MNRL) holds mineral and royalty interests in the Permian Basin in Texas and New Mexico, the SCOOP and STACK plays in the Anadarko Basin of Oklahoma, the Denver-Julesburg (“DJ”) Basin in Colorado and Wyoming and the Williston Basin in North Dakota.

Its PE sponsors Warburg Pincus, Yorktown Energy and Pine Brook plan to sell up to 12.6 million shares at $19.10 per share underwritten by Credit Suisse, Goldman Sachs, and RBC Capital Markets.

Approximately, Warburg could sell as much as selling 2.9m shares, Yorktown is selling 1.9m shares and Pine Brook selling 2.3m shares.

A complete list of the various planned sales can be found here.