International law firm Simmons & Simmons has advised diversified mining royalties company Trident Royalties on an all cash takeover offer from Deterra Royalties.
Deterra is an Australian Securities Exchange (ASX) listed company with a portfolio of resource royalties and the deal values Trident Royalties at £145m.
UK-based Trident Royalties, which is listed on the AIM Market of the LSE (AIM), was created in 2020 and has built a portfolio of royalties over mining projects around the world, including the Thacker Pass project - one of the largest lithium deposits in the US.
The Simmons team advising Trident Royalties on the deal was led by UK Corporate partners Alexander Keepin and Mark Curtis, supported by teams from the firm's corporate, employment and competition practices.
Commenting on the takeover deal, Alexander Keepin said; "We're very pleased to have brought our experience and expertise from Simmons leading UK Public Markets practice to support the team at Trident Royalties on this major transaction. I have acted for Trident Royalties since its inception and it has been a privilege to work with their team as they have grown the business over the last 4 years and built significant value for their shareholders, which can now be realised."