Hogan Lovells advises Oaktree Capital Management on its disposal of Saloro S.L.U. to EQ Resources
London, 22 January 2024 – Global law firm Hogan Lovells has advised Oaktree Capital Management on its sale of Saloro S.L.U., one of the leading European tungsten mines located in Spain, to Australian ASX-listed miner, EQ Resources Limited (EQR).
The transaction signed on 10 August 2023 and closed on 18 January 2024, after having satisfied certain conditions precent including regulatory approvals in Spain and Australia. As part of the transaction, Oaktree has subscribed for shares in EQR and has the option to subscribe for further shares following closing.
The Hogan Lovells team was led from London by Private Equity partner John Livesey, senior associate Catherine Lah and associates Lily Wu and Gaspare Chirillo, in collaboration with teams in Hogan Lovells Madrid and Sydney offices.
Commenting on the deal, partner John Livesey said: “We are delighted for Oaktree on this successful exit. This transaction is a great example of our teams working together across our global network and, in particular, the strength of our European private equity practice.“