Synergy Private Equity Fund II

Nigeria Business services, Manufacturing

Synergy Capital Managers (Synergy) is a private equity firm that specialises in expansion, growth capital, and management buyouts and buy-ins of high-growth companies in sub-Saharan Africa, particularly Nigeria, Ghana, Liberia and Sierra Leone.

Anglophone West Africa SME Fund

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.

View investment details

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.

View investment details

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.

View investment details

Nigeria Africa, West Africa Business services June 2019 Active

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