GIC, Singapore’s sovereign wealth fund, bought a minority stake in Delaware Basin
wastewater services provider WaterBridge Resources from private equity firm Five
Point Energy. The purchase price implies a WaterBridge enterprise value of $2.8 billion.
Five Point did not release specifics, but a Wall Street Journal report said GIC acquired
a 20% stake. An initial public offering WaterBridge had planned will be scrapped because
of the GIC investment, the Journal reported.
The valuation suggests a strong return
for Five Point, which......
Provide your credentials to access this page
Member Area: Log in if you have a PLS web account or Sign up for internet access now.