Synergy Private Equity Fund II

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.

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.

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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.

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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

View investment details

Nigeria Africa, West Africa Infrastructure June 2019 Active