GIC to acquire a minority stake in WaterBridge Resources from Five Point Energy.

GIC, Singapore's sovereign wealth fund, acquired a minority equity stake in WaterBridge Resources, operator of water infrastructure networks, from Five Point Energy, a leading private equity firm focused exclusively on the midstream energy sector. The minority equity position was acquired from 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 $2.8bn. Stephen Johnson, Chief Executive Officer of WaterBridge, said, "We are very pleased to partner with such a reputable financial institution that shares our vision in building the premier water midstream company. Through our combined resources, WaterBridge has unparalleled access to the capital needed to continue executing the Company's growth strategy."