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By Phyllis KONRAD
Verdant IMAP (www.Verdant-CAP.com) acted as financial adviser to MIRO Forestry and Timber Products (“MIRO”) to secure a USD 10.7 million shareholder loan to support the company’s operational cash flow requirements. The loan was provided by leading development finance institutions.
Founded in 2009, MIRO is a vertically integrated plywood manufacturing business headquartered in the United Kingdom, with operations in Ghana and Sierra Leone.
The company manages over 20,000 hectares of sustainably planted timberland, producing high-quality FSC-certified hardwood plywood and ancillary timber products. MIRO supplies customers globally including North America, Europe, the Middle East, and local African markets.
This transaction demonstrates Verdant IMAP’s ability to advise on tailored funding solutions for its clients while reinforcing its strong relationships with leading development finance institutions.
Furthermore, the transaction represents Verdant IMAP’s fourth successful transaction in the broader agro-industrial sector in 2024.