Deal Snapshot
FIVE POINT ENERGY SELLS MINORITY STAKE IN WATER MIDSTREAM FIRM WATERBRIDGE
Monday 20 May 2019

US-based private-equity firm Five Point Energy LLC has sold a minority equity stake in US-based water midstream operator WaterBridge Resources LLC to affiliates of GIC, Singapore's sovereign wealth fund, the firm said.
The minority equity position was acquired from funds affiliated with Five Point Energy and WaterBridge management. The transaction has closed and is not subject to any additional conditions. The purchase price implies a WaterBridge enterprise value of approximately USD 2.8bn.


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Details
Date Published: 20/05/2019
Target: WaterBridge Resources/minority stake
Country: USA
Deal Size: 1.5bn (USD)
Sector: Petroleum/Natural Gas/Coal
Type: Divestment
Financing: Cash
Status: Closed
Vendor: Five Point Energy
Buyer: GIC
Buyer Advisor: Kirkland and Ellis
Comment:


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