Miro Forestry & Timber Products successfully completed an equity capital raise led by Lagata, aimed at funding operations and sustainability initiatives despite industry challenges.

Target Information

Miro Forestry & Timber Products ("Miro") is a prominent operator in the forestry sector, recognized for its commitment to sustainable practices and the production of high-quality timber products. The company has developed a vertically integrated model encompassing certified sustainable forestry, local job creation, and advanced plywood manufacturing, positioning itself as a key supplier for global buyers seeking ethical sourcing options.

Recently, Miro successfully completed an equity capital raise, with Verdant IMAP acting as the sole financial adviser. This capital raise is pivotal for financing operations, enhancing working capital, and supporting ongoing planting activities aligned with Miro's business strategy. The investment has bolstered Miro's ability to navigate industry challenges while maintaining growth and sustainability objectives.

Industry Overview

The forestry and timber products industry in West Africa has faced macroeconomic challenges, including a downturn in plywood prices and broader economic pressures. However, the demand for responsibly sourced, sustainable