Miro Forestry Developments Limited #2135

CDC Group plc

Tertiary investor/lender

2015-03

In 2015, CDC committed to invest $15 million into Miro Forestry, and have subsequently made loans of $2 million. https://www.cdcgroup.com/en/our-investments/investment/miro-forestry-company/

FMO (Netherlands Development Finance Company)

Tertiary investor/lender

2018-11-19

FMO has invested through numerous funds. In 2020 it invested a further 5mln USD through the DFCF Land Use Facility. The 2020 transaction consists of a conversion of FMO’s existing $10m mezzanine debt (from the 2018 tranche?) into a redeemable preference share funded by the Builing Prospects Fund, and a further $5m share funded by the Dutch Fund for Climate and Development (DFCD). https://www.fmo.nl/project-detail/53656, https://www.africaglobalfunds.com/news/investors/fmo-makes-follow-on-investment-in-miro-forestry/

Finnish Fund for Development Cooperation (Finnfund)

Tertiary investor/lender

2018-11

Together with FMO, Mirova and CDC. Finnfund also provided earlier loans to Miro Forestry. These financers also provided an additional package in 2020 in which debt was converted into preferential shares https://www.finnfund.fi/en/investing/investments/miro-forestry-ghana-sierra-leone/

Miro Forestry (SL) Limited

Subsidiary company

Miro Forestry (Ghana) Limited

Subsidiary company