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    Reference: 20170718
    Release date: 29 January 2018

    Promoter – Financial Intermediary

    SYNERGY MANAGERS (MAURITIUS) LTD

    Location

    Description

    Equity participation in a closed-end private equity fund targeting investments in small and medium-sized enterprises (SMEs) active in Anglophone West Africa: Nigeria, Ghana, Liberia and Sierra Leone. Synergy Private Equity Fund II is the successor to Synergy Private Equity Fund I, to which the EIB committed USD15 million in 2014.

    Objectives

    This operation will improve competitiveness and access to finance at favourable conditions for SMEs in the region.

    Sector(s)

    • Services - Financial and insurance activities

    Proposed EIB finance (Approximate amount)

    USD 15 million (EUR 13 million)

    Total cost (Approximate amount)

    USD 250 million (EUR 211 million)

    Environmental aspects

    The fund's operational guidelines provide for environmental and social due diligence of investee companies according to guidelines acceptable to the Bank.

    Procurement

    Not applicable.

    Status

    Signed - 31/07/2018

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Regional - West Africa Services