Synergy Capital Managers

Synergy Capital Managers is a prominent private equity fund manager based in Lagos, Nigeria, established in 2010. With over US$100 million in assets under management, the firm focuses on investing in high-growth small and medium-sized enterprises (SMEs) across West Africa. Synergy Capital Managers targets various sectors, including business products, consumer services, healthcare, information technology, and manufacturing. The firm's investments aim to create industry leaders that foster local economic development, generate employment opportunities, and enhance the well-being of surrounding communities. By leveraging strong local teams, Synergy Capital Managers is committed to driving sustainable growth in the region.

Akintoye Akindele

Partner

Ayodele Arogbo

Partner

10 past transactions

Dimension Data

Acquisition in 2017
Dimension Data is a global provider of information technology infrastructure services, focusing on enabling organizations to thrive in the digital age. As a member of the NTT Group, the company offers a range of services including technology modernization, digital acceleration, hybrid cloud solutions, network enterprise, and consulting and transformation. With a turnover of USD 7.5 billion, Dimension Data operates in 58 countries and employs approximately 31,000 individuals, allowing it to support clients at every stage of their technology journey. The firm is also recognized for its partnership with Amaury Sport Organisation, the organizer of the Tour de France, as well as its involvement with Team Dimension Data for Qhubeka. Through its diverse offerings, Dimension Data aims to enhance the performance and availability of unified communications and collaboration tools for businesses across various sectors.

CloudExchange

Private Equity Round in 2017
CloudExchange is an ICT service provider.

People Productivity Solutions

Venture Round in 2016
People Productivity Solutions is a technology-driven professional services firm that specializes in enhancing human capital productivity and organizational effectiveness across various sectors. The company offers human resource consulting, research, and training services tailored for government, non-profit organizations, and businesses. By integrating multiple custom data sets with existing market data, People Productivity Solutions transforms raw data into meaningful insights and actionable strategies. This approach provides clients with historical, baseline, and predictive data points, enabling them to demonstrate growth models and make informed decisions to improve their operational performance.

Vester Oil Mills

Venture Round in 2016
Vester Oil Mills is an oilseed processing company that specializes in manufacturing and marketing soybean and palm kernel oil. The company processes soybeans, palm kernel nuts, and copra to produce unrefined edible oils and seed-based meals. Vester Oil Mills serves both domestic and international markets, catering to the needs of various household and industrial consumers.

Suburban Fibre Company

Private Equity Round in 2016
Suburban Fibre Company is a fibre-based broadband and content services.

Africa Terminals

Private Equity Round in 2016
Africa Terminals Limited specializes in storage solutions for local and international companies involved in petroleum products and gas trading. Based in Lagos, Nigeria, the company operates both coastal and inland storage terminals, which enhance the distribution capabilities of its clients. By providing these storage facilities, Africa Terminals enables petroleum trading companies to improve their operational efficiency and better meet the needs of their customers across multiple regions.

Curist Pharma

Private Equity Round in 2015
Curist Pharma is a fast growing pharmaceutical integrated value chain business with presence.

Riggs Ventures West Africa

Private Equity Round in 2015
Riggs Ventures West Africa Plc is a manufacturer based in Lagos, Nigeria, specializing in the production of high-quality polypropylene sacks for various packaging needs. The company offers a diverse range of products, including polypropylene laminated cement bags, industrial propylene bags, agricultural produce bags, shopping bags, and recycled propylene granules. These products serve industries such as cement, agriculture, and food, facilitating the packaging and transportation of finished goods. Established in 1993 and rebranded in 2008, Riggs Ventures West Africa aims to provide exceptional customer satisfaction and efficient services while maximizing economic potential in the logistics and manufacturing sectors.

Viathan

Private Equity Round in 2015
Viathan Engineering is a Nigerian company that specializes in power generation and distribution services. It focuses on providing captive and embedded power solutions to various sectors, including governmental, industrial, and commercial markets. By utilizing advanced technology, Viathan aims to address the power demand and supply shortfall in Nigeria, ensuring that its clients receive a green, reliable, and uninterrupted power supply.

NetPlusDotCom

Venture Round in 2015
NetPlusDotCom is a technology company with solutions in e-commerce, e-payment and digital trends. Their Mission is to use their expertise in software development, digital advancements and business strategy to solve real business problems thereby creating value and accelerating the growth and profitability of their customers. Since starting business in 2009, they have passionately been engaged in R&D process seeking technology solutions to drive value for businesses especially among the small and medium enterprises.
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