Synergy Capital Managers

Synergy Capital Managers, established in 2010, is a Nigeria-based private equity firm with over US$100 million under management. It specializes in venture capital and growth equity investments, focusing on small and mid-sized enterprises (SMEs) across West Africa. The company targets high-growth potential businesses, aiming to build industry champions that drive local economic growth, create jobs, and contribute positively to neighboring communities.

Akintoye Akindele

Partner

Ayodele Arogbo

Partner

Past deals in West Africa

Africa Terminals

Private Equity Round in 2016
Africa Terminals Limited is a company based in Lagos, Nigeria, specializing in storage solutions for local and international petroleum products and gas trading companies. The firm operates both coastal and inland storage terminals, which enhance the distribution capabilities of its clients. By providing efficient storage options, Africa Terminals enables its customers to improve their operational effectiveness and better meet the demands of their markets.

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 polypropylene sacks for packaging a variety of goods including cement, agricultural products, and other finished items. Established in 1993 and formerly known as Riggs Securities Limited, the company offers a diverse range of products such as polypropylene laminated cement bags, industrial propylene bags, traveling and storage bags, and recycled propylene granules. Riggs Ventures West Africa aims to deliver high-quality packaging solutions that meet customer needs and enhance the logistics of transporting industrial goods. By focusing on personalized service and operational efficiency, the company strives to provide exceptional value to its clients and stakeholders.

Viathan

Private Equity Round in 2015
Viathan Engineering, based in Nigeria, specializes in developing captive and embedded power solutions. They provide power generation and distribution services tailored for governmental, industrial, commercial, and other service markets. The company employs technology to bridge the gap between power demand and supply shortages, offering clients green, reliable, and uninterrupted electricity.
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