Herbert Smith Freehills (HSF) has advised Rincon Limited on the US$825 million divestment of its interest in the Salar del Rincón Project in Argentina.
Firm: Herbert Smith Freehills (Rincon Limited).
Value: US$825 million.
Area: M&A, projects.
Key players: The Herbert Smith Freehills team was led by partner Melissa Swain-Tonkin, supported by senior associate Phillip Smith.
Deal significance: Rincon is owned by funds managed by private equity group Sentient Equity Partners. Rincon Mining Pty Limited owns the Rincon lithium project, a large undeveloped lithium brine project in Salta, Argentina, an emerging hub for greenfield projects.
Commenting on the deal, Ms Swain-Tonkin said: “We are thrilled to have acted for Rincon Limited on this successful sale process, to combine our strong experience in both private equity and energy and resources and to participate in a transaction that forms part of the worldwide trend towards commodities that support the global energy transition.”
Lauren is the commercial content writer within Momentum Media’s professional services suite, including Lawyers Weekly, Accountants Daily and HR Leader, focusing primarily on commercial and client content, features and ebooks. Prior to joining Lawyers Weekly, she worked as a trade journalist for media and travel industry publications. Born in England, Lauren enjoys trying new bars and restaurants, attending music festivals and travelling.
