British International Investment

Synergy Private Equity Fund

GhanaNigeriaWest AfricaAfricaCommunications & IT servicesConsumer - HealthFinancial servicesFood & AgricultureInfrastructureManufacturingOther

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 Communications & IT services, Consumer - Health, Financial services, Food & Agriculture, Infrastructure, Manufacturing, Other September 2014 Active
Investment 02 $5m Communications & IT services, Consumer - Health, Financial services, Food & Agriculture, Infrastructure, Manufacturing, Other April 2015 Active

Investments made by this fund into companies:

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

Subscribe to receive our latest news and updates