Synergy Private Equity Fund II LP

In brief

Synergy Private Equity Fund II targets high-growth SME companies in Nigeria, Ghana, Liberia, and Sierra Leone.

Main development impact

The Fund will provide growth capital to SME companies and that target has an economic and social mission. Access to finance is the biggest obstacle for firms in the target countries and the Fund will contribute to that need. Fund’s priority sectors, consumer goods and financing sector, typically have large development effects. In addition to providing financing, the Fund is expected to be in a good position to guide the investee companies in the form of corporate governance and prudent management.

Investment details

Name: Synergy Private Equity Fund II LP
Project number: 80000134
Region: Africa
Country: Nigeria, Ghana, Sierra Leone
Sector: General fund
Signing date (month/year): July 2018
Currency: USD
Finnfund's financing (commitment): 15,000,000
Instrument: Fund
Share of Finnfund's financing (%): 6,45 %
Status: Active

Please note, that in principle, this information is given at the time of signature according to Finnfund's disclosure policy. However, in the case of investment funds, the share of Finnfund’s financing (%) is disclosed after the fund’s final closing, and information on the portfolio companies financed by the fund is updated at least once a year.

Companies financed by the fund

Name Sector Region Country
First Aluminum Nigeria PLC Manufacturing Africa Nigeria
Bell Oil and Gas Ltd Chemicals and chemical products Africa Nigeria
Quest Oil and Engineering Services / Ascon Oil Engineering Africa Nigeria

Key facts

Name:

Synergy Private Equity Fund II LP

Sector:

General fund

Region:

Africa

Country:

Nigeria, Ghana, Sierra Leone

Currency:

USD

Finnfund's financing (commitment):

15,000,000

Signing date (month/year):

July 2018

Last update:

May 2023