Hamilton Locke Assists AI Carbon on its Recent Capital Raise

Hamilton Locke is delighted to have assisted Australian Integrated Carbon (AI Carbon) on its recent capital raise resulting in the Rio Tinto group acquiring a 14.15% interest along with follow-on investment from current shareholders Bentleys Carbon Fund and Japan Integrated Carbon Limited (a joint venture between Japan’s Mitsubishi Corporation and NYK Line).

AI Carbon is a leading Australian developer in carbon credits and has an existing portfolio of more than 40 carbon farming projects across Australia.

Commenting on the transaction, Hamilton Locke M&A Partner and Carbon Capital specialist James Delesclefs said, “We are thrilled to have supported the teams at AI Carbon and Pollination on this important transaction, which was a strong collaborative effort from our various practice groups nationally and which reflects the continually increasing sophistication of carbon credit demand and attributes in the domestic market. We look forward to partnering with the AI Carbon team for its ongoing growth and expansion”.

The team at Hamilton Locke was led by Partner James Delesclefs and included Partners Margot King, Erik Setio, Eric Braun, Nicholas Edwards, Seema Sandhu, Adam Jeffrey and, Special Counsel Kaday Conteh, Senior Associate Michael Jefferies, Consultant Hayley Cummings, Lawyers Raymond Deng, Annabelle Parmegiani, Ally Frizelle and Zane O’Neill and Graduate Lucinda Tracey.

Pollination acted as lead financial advisers on the transaction.

Click here to read the AI Carbon press release.

Click here to read the Rio Tinto’s press release.



Partner, Head of Restructuring & Insolvency




Special Counsel