L&W assists HIF Global in $36m investment
Latham & Watkins has assisted HIF Global, a developer of e-Fuels projects, in a USD $36 million equity investment by the Japan Organization for Metals and Energy Security (JOGMEC), a Japanese government agency, through Idemitsu Efuels America Corp.
The transaction will enable HIF to expand its projects in the US, Australia, Chile and Uruguay. When combined with Idemitsu’s investments and existing shareholders announced in May 2024, HIF Global has been able to secure $200 million in new funding so far this year to finance the development of its e-Fuels projects around the world.
L&W’s team was led by New York partner Tony Del Pino (pictured left) and Houston partner Lauren Anderson (pictured right), with associates Ashley Nguyen and Justin Reinking. Employment and benefits advice was also provided by Washington, D.C. attorney Laura Szarmach; tax by Jim Cole of Houston; environmental by Joshua Marnitz of Los Angeles/Houston; CFIUS by Jim Barker of Washington, D.C.; and antitrust by Jason Cruise and Peter Todaro of Washington, D.C.
