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

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 corporate human capital productivity and organizational positioning across various sectors. The company offers human resource consulting, research, and training services tailored for government entities, non-profit organizations, and businesses. By transforming clients' raw data into meaningful insights, it utilizes custom data sets combined with existing market data to deliver historical, baseline, and predictive data points. This approach enables clients to identify growth models and implement actionable strategies, ultimately fostering improved organizational efficiency and effectiveness.

Vester Oil Mills

Venture Round in 2016
Vester Oil Mills is an oilseed processing company that manufactures and markets soybean and palm kernel oil. The company specializes in converting soya beans, palm kernel nuts, and copra into unrefined edible oils and seed-based meals. With a focus on serving both domestic and international customers, Vester Oil Mills caters to a diverse range of household and industrial consumers. Through its processing operations, the company plays a significant role in the supply chain of edible oils, contributing to the food industry and related sectors.

Suburban Fibre Company

Private Equity Round in 2016
Suburban Fibre Company, Ltd. is a provider of fiber optics-based infrastructure focused on delivering broadband and content services to businesses. Established in 1999 and headquartered in Abuja, Nigeria, the company specializes in enterprise solutions that include Internet bandwidth, unlimited data access, Wi-Fi location-based hotspots, as well as video and voice capabilities. Its flagship product suite, LEGEND, offers premium services such as television, Internet, and voice through high-speed fiber optic data connections, catering to the growing demand for reliable and efficient digital communication services.

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.

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 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.

NetPlusDotCom

Venture Round in 2015
NetPlusDotCom is a technology company established in 2009, specializing in e-commerce, e-payment, and digital solutions aimed at addressing real business challenges. The company focuses on providing a digital payment platform that offers merchant services, facilitating both business-to-business and business-to-consumer transactions. Through its innovative platform, NetPlusDotCom enables merchants to expand their e-commerce presence and reach a wider audience, ultimately enhancing customer engagement and boosting revenue and profitability. Committed to research and development, the company aims to leverage its expertise in software development and business strategy to deliver significant value, particularly for small and medium enterprises.
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