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
- 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
- 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 PLC 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 | Infrastructure | May 2019 | Active |
|
Quest Oil and Engineering Services / Ascon Oil
Quest Oil Group is a leading oil and gas and egineering service company in Nigeria |
Nigeria | Africa, West Africa | Infrastructure | June 2019 | Active |
