British International Investment

Synergy Private Equity Fund

GhanaNigeriaWest AfricaAfricaFinancial servicesFood and agricultureHealthInfrastructureManufacturingTechnology and telecoms

The Synergy Private Equity Fund (SPEF), a $103.5 million fund, is the first fund to be raised by the Lagos and Accra-based team. 

The fund looks to make investments in small to medium sized companies in sectors such as manufacturing, agro-processing, FMCG, non-bank financial services, healthcare, ICT and energy services. Individual investment sizes are likely to range between $5 million to $15 million.

Investments made by BII into this fund:

Investment name Commitment Region Sector Start date Status
Investment 01 $10m Africa Financial services, Food and agriculture, Health, Infrastructure, Manufacturing, Technology and telecoms September 2014 Exited
Investment 02 $5m Africa Financial services, Food and agriculture, Health, Infrastructure, Manufacturing, Technology and telecoms April 2015 Exited

Investments made by this fund into companies:

Investment name Country Region Sector Start date Status
Africa Terminaling Company Ltd Nigeria West Africa Infrastructure February 2016 Exited
Cloud Exchange West Africa Limited West Africa Africa Technology and telecoms April 2017 Exited
Curist Pharma Ghana West Africa Health November 2015 Exited
Netplus Strategy and Sales Limited (“NetPlus”) Nigeria West Africa Technology and telecoms February 2015 Exited
Northstar Financial Services Ltd Nigeria West Africa Financial services December 2016 Exited
People Productivity Solutions Nigeria West Africa Technology and telecoms November 2016 Exited
Riggs Ventures (West Africa) Ltd Nigeria West Africa Manufacturing June 2015 Exited
Suburban Fiber Company Ltd (“FiberCo”) Nigeria West Africa Technology and telecoms March 2016 Exited
Vester Oil Mills Limited Ghana West Africa Food and agriculture September 2016 Exited
Viathan Engineering Limited Nigeria West Africa Infrastructure August 2015 Exited

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