SYNERGY PRIVATE EQUITY FUND II

Promoter – Financial Intermediary

SYNERGY MANAGERS (MAURITIUS) LTD

Location

• Regional - West Africa

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