Advising a number of leading DFIs on their investment in Miro Forestry Developments
26th August 2025
Walker Morris has announced its role in advising: (i) Finnfund; (ii) British International Investment (BII); (iii) Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (the Dutch entrepreneurial development bank, or FMO); and (iv) Land Degradation Neutrality Fund (a fund managed by Mirova) on their role in a capital raise for Miro Forestry Developments Limited (Miro), a UK-headquartered sustainable forestry and plywood manufacturer operating across West Africa.
The financing round was led by Lagata, which now becomes Miro’s principal shareholder. The participation of Miro’s largest existing shareholders’ (Finnfund, BII, FMO, Mirova and Aqua Ventures) is indicative of such parties’ continued confidence in Miro’s strategy, impact and commercial potential.
The new capital will support Miro’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.
Walker Morris Corporate Partner, Michael O’Halloran, guided the team, with assistance from Marianne McKeown and Tom Parkes.
Discussing the deal, Mike said: “We’re proud to have supported Finnfund, BII, FMO and Mirova in participating in this transformational investment. This transaction shows the continued value of DFIs and sustainable capital allocators acting at the intersection between financing requirements and value-driven investing.”
Marianne's contact details
