Criterion Africa Partners (CAP), a private equity firm investing in the forestry sector in sub-Saharan Africa, has has exited its investment in Compagnie des Bois du Gabon (CBG) through the sale of its 49% stake to TotalEnergies.
CBG is an integrated forest products company that operates on 596,000 of concessions located between the Loango and Moukalaba Doudou national parks in Gabon. CBG concessions host a remarkable fauna of elephants, great apes, reptiles, and insects, all protected by the company’s high ESG standards and meticulous attention to detail.
Since investing in CBG in 2016, the CAP team has worked closely with the Fenart family on the implementation of a broad range of value creation initiatives. CAP is proud to exit CBG with significantly higher financial, ESG, and developmental performance today than in 2016.
