M&A Deal Summary

GIC Acquires WaterBridge

On May 17, 2019, sovereign wealth fund GIC acquired infrastructure company WaterBridge from Five Point Energy for 2.8B USD

Acquisition Highlights
  • This is GIC’s 1st transaction in the Infrastructure sector.
  • This is GIC’s 7th largest (disclosed) transaction.
  • This is GIC’s 7th transaction in the United States.
  • This is GIC’s 1st transaction in Texas.

M&A Deal Summary
Date 2019-05-17
Target WaterBridge
Sector Infrastructure
Buyer(s) GIC
Sellers(s) Five Point Energy
Deal Type Secondary Buyout
Deal Value 2.8B USD
Advisor(s) Barclays Investment Bank (Financial)
Latham & Watkins (Legal)

Target

WaterBridge

Houston, Texas, United States
WaterBridge develops, owns and operates permanent, integrated water infrastructure networks to address the long-term produced water management requirements of its blue-chip customer base under long-term, fee-based contracts. WaterBridge is based in Houston, Texas.

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Buyer(S) 1

Buyer

GIC

Investor Investor Investor Investor Investor

Category Sovereign Wealth Fund
Founded 1981
Size Mega
Type Sector Agnostic
DESCRIPTION

GIC Private Ltd. is the investment arm of Singapore. The Group primarily invests through three investment groups, including public markets, private equity and real estate. GIC's private equity practice looks to invest in funds as well as directly in companies. GIC is based in Singapore with additional offices globally.

DEAL STATS #
Overall 26 of 43
Sector (Infrastructure) 1 of 2
Type (Secondary Buyout) 9 of 15
State (Texas) 1 of 1
Country (United States) 7 of 15
Year (2019) 3 of 7
Size (of disclosed) 7 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-10 Acuris

London, United Kingdom

Acuris is a provider of global corporate financial news, intelligence, and analysis to advisory firms, investments banks, law firms, hedge funds, private equity firms and corporations operating in 65 countries. Acuris was formed in 2000 and is based in London, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-01 Genesee & Wyoming

Darien, Connecticut, United States

Genesee & Wyoming owns and operates short line and regional freight railroads and provides railcar switching services in the United States, Australia, Canada, the Netherlands and Belgium. Genesee & Wyoming was founded in 1899 and is based in Darien, Connecticut.

Buy $8.4B

Seller(S) 1

SELLER

Five Point Energy

Investor Investor Investor

Category Private Equity Firm
Founded 2012
PE ASSETS 3.5B USD
Size Large
Type Sector Focused
DESCRIPTION

Five Point Capital Partners is a private equity firm focused on midstream energy infrastructure and energy sector investments across North America. Five Point Capital is based in Houston, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Infrastructure) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-25 San Mateo Midstream II

Dallas, Texas, United States

San Mateo Midstream II provides natural gas gathering and processing; crude oil gathering; and produced water gathering and disposal midstream solutions to E&P customers in the northern Delaware Basin. San Mateo Midstream II was founded in 2019 and is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-11 Deep Blue

Houston, Texas, United States

Deep Blue develops, owns, and operates integrated midstream water infrastructure networks for exploration and production companies. Deep Blue is based in Houston, Texas.

Buy -
Mergr

Product

Company

Legal