Criterion exits forestry company

Criterion Africa Partners, a private equity firm investing in the forestry sector in sub-Saharan Africa, has exited its investment in Compagnie des Bois du Gabon (CBG). The exit was completed through the sale of Criterion’s 49% stake in CBG 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.

Since investing in CBG in 2016, the Criterion team has worked closely with the Fenart family on the implementation of a broad range of value creation initiatives.