Capital: Five Point Capital buys 49% stake in Matador midstream system


[Context: On February 17, Five Point Capital announced the formationSan Mateo Midstream, a 49/51 joint venture with Matador Resources in the New Mexico portion of the Delaware Basin. The deal was valued at $500m, and is reminiscent of deals in Canada in which private equity acquired a minority stake in existing midstream systems.]

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