Miro Secures Major Investment with Lagata as Lead
Deal News | Jul 28, 2025 | Charles Russell Speechlys
Charles Russell Speechlys has provided advisory support to Miro Forestry Developments Limited (Miro) during its recent fundraising round. Led by the investment firm Lagata, Miro gains a new principal shareholder. Lagata, a firm known for its long-standing investment expertise in sub-Saharan African forestry, brings strategic alignment to Miro's vision. Existing investors, including British International Investment, FMO Investment Management, Finnfund, Mirova, and Aqua Ventures, also participated, indicating robust backing for Miro's strategy and expansion ambitions. The new capital aims to support Miro's goals of scaling production and venturing into new markets, with aspirations to lead the global sustainable plywood industry. Berend Jan Kingma, Miro's CEO, expressed appreciation for the advisory role played by Charles Russell Speechlys in navigating the complex and swift nature of the transaction.
Sectors
- Forestry
- Investment Management
- Legal Advisory
Geography
- United Kingdom – Miro Forestry is headquartered in the UK, and Charles Russell Speechlys is also based in the UK.
- West Africa – Miro operates forestry locations across West Africa, a key region for its operations.
- Sub-Saharan Africa – Lagata has a strong investment focus in sub-Saharan Africa, relevant to its lead investment in Miro.
Industry
- Forestry – The article discusses investment in Miro Forestry, a company involved in sustainable forestry and plywood manufacturing.
- Investment Management – The investment by Lagata and other firms like British International Investment indicates activity within the investment management industry.
- Legal Advisory – The involvement of Charles Russell Speechlys in advising Miro indicates the role of legal advisory services in the investment process.
Financials
- Undisclosed – The article does not specify the amount of the investment in Miro Forestry.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Charles Russell Speechlys | Advisor | Company | A legal advisory firm that advised Miro Forestry on its fundraising round. |
| Miro Forestry Developments Limited | Target Company | Company | A UK-based sustainable forestry and plywood manufacturer seeking investment for growth. |
| Lagata | Investor | Company | A firm with a focus on forestry investment, becoming Miro's principal shareholder. |
| British International Investment (BII) | Investor | Company | An existing investor participating in Miro's capital raise. |
| FMO Investment Management | Investor | Company | An existing investor in Miro's fundraising round. |
| Finnfund | Investor | Company | An existing investor in Miro's investment round. |
| Mirova | Investor | Company | An investor involved in Miro's capital raise. |
| Aqua Ventures | Investor | Company | An existing investor participating in the capital raise for Miro. |
| Berend Jan Kingma | CEO | Person | CEO of Miro Forestry who commented on the investment. |
| Adrian Mayer | Legal Advisor | Person | Part of the Charles Russell Speechlys team advising Miro. |