Our investment
In April 2018 CDC committed $25 million to Synergy Private Equity Fund II.
Expected impact
Synergy’s second fund will expand the availability of equity financing for high growth SMEs in Anglophone West Africa, primarily focussed on Nigeria and Ghana, but also with the potential to allocate up to 10% of the fund to Sierra Leone and Liberia.
Key facts
- Status:
- Active
- Region
:
Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.
- Africa, West Africa
- Sector
:
We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people. For funds, the sectors listed here are those the fund has invested in so far.
- Business services, Manufacturing
- Website:
- http://www.synergycapitalmanagers.com/
- Investment type
:
We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).
- Intermediated investment
- Fund manager:
- Synergy Managers (Mauritius) Limited
- Start date
:
For direct investments, this is the date CDC committed capital to the business or project.
For funds, this is the date that CDC committed capital to the fund.
For underlying fund investments, this is the date that the fund invested capital into the business.e
- February 2018
- Amount
:
For direct investments, this is the total amount that CDC has committed to the business or project (it may be a combination of equity and debt).
For funds, this is the total amount that CDC has committed to the fund.
- $25m
- Domicile
:
This is the investee company’s place of incorporation; or a fund’s jurisdiction.
- Mauritius
Investments made by this fund
- Active
- Exited
| Investment name | Country | Region | Sector | Start date | Status |
|---|---|---|---|---|---|
|
First Aluminium Nigeria
First Aluminium Nigeria manufactures a wide range of aluminum products. |
Nigeria | Africa, West Africa | Manufacturing | February 2019 | Active |
|
Bell Oil and Gas
Bell Oil and Gas is an independent Nigerian oil and gas services company. |
Nigeria | Africa, West Africa | Business services | May 2019 | Active |
|
Quest Oil and Engineering Services / Ascon Oil
Quest Oil Group is an oil and gas and engineering service company in Nigeria. |
Nigeria | Africa, West Africa | Business services | June 2019 | Active |
