Charles Russell Speechlys advises Miro Forestry on major new investment led by Lagata
min readCharles Russell Speechlys has advised Miro Forestry Developments Limited (Miro), on its latest fundraising round. Miro is a UK headquartered sustainable forestry and plywood manufacturer, operating from locations across West Africa. The round is led by Lagata, which now becomes Miro’s principal shareholder. A long-term investor with a strong track record in sub-Saharan Africa and a specialist in forestry investment, Lagata brings strategic value and alignment with Miro’s long-term vision.
Existing shareholders, British International Investment (BII), Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (the Dutch entrepreneurial development bank, or FMO), Finnfund, Mirova, and Aqua Ventures, have also participated in the capital raise, demonstrating continued confidence in Miro’s strategy, impact, and commercial potential.
This new capital will support the company’s growth as it scales up production and expands into new markets, delivering on its ambition to become a global leader in sustainable plywood manufacturing.
Berend Jan Kingma, CEO of Miro commented: It was a pleasure working with Adrian, Matthew and the rest of the Charles Russell Speechlys team on this challenging and fast-paced project. We are incredibly thankful for the support we received across the entire firm.
Adrian Mayer, Corporate Partner at Charles Russel Speechlys, commented:
"We are delighted to have worked with Miro to bring this fundraising to completion. We look forward to working with Miro, Lagata and the senior management team going forward."
The team was led by Adrian Mayer (Partner, Corporate), and Matthew Hobbs (Senior Associate, Corporate) and included Daniel Moore (Partner), Philip Withey (Partner, Banking and Finance), Claudine Morgan (Partner, Dispute Resolution) Lydia Lasseter (Associate, Corporate) and Noah Ofulue (Associate, Corporate).
