News
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The latest insights and news at Synergy
Synergy Capital Extends Its Ties with GMR Group
14 June 2022
Synergy Capital has closed a structured debt investment totaling Rs. 350 crores (c. $46 million) in GMR Group, one of India’s leading global infrastructure conglomerates with unparalleled expertise in designing, building, and operating airports. GMR Group also has significant investments in the energy, transport (non-aviation), and urban infrastructure sectors..
Synergy Capital Completes Its
Fourth Successful Exit
09 June 2022
Synergy Capital is pleased to announce the ~US$39 million exit from its debt investment in SMW Ispat Private Limited, an Indian steel producer. The debt facility was used by SMW Ispat to refinance existing debt and fund backward integration to improve profitability.
Congratulations! To Our New Partners
01 June 2022
Synergy Capital announces the promotion of Atul Gupta, Gonzalo Waldman, and Hywel Phillip, to Partner. These appointments demonstrate our commitment to developing talent and recognizing their significant contribution to Synergy Capital’s growth
Synergy Capital II First Close
22 April 2022
Synergy Fund II will maintain the proven investment strategy of our first fund that has resulted in US$775 million of total capital deployed since 2017 across 11 investments and 3 successful exits totaling approximately $425 million of proceeds to our LPs and co-investors, with additional exits expected over the coming months.
Synergy Capital is pleased to announce its third successful exit in three months
21 April 2022
Synergy Capital is pleased to announce the US$51 million repayment of a debt investment to provide last-mile project financing to quadruple production capacity at our investee company based out of Singapore, with operations in Indonesia. The project was completed in Q1 2022.
Investment in GMR Group
08 April 2022
Synergy closed a structured debt investment totalling Rs. 500 crores (c. $66 million) in GMR Group, one of India’s leading global infrastructure conglomerates with unparalleled expertise in designing, building, and operating airports. It also has a significant presence in the areas of energy, transportation, and urban infrastructure.
Synergy Capital completes first exit generating strong investor returns
11 March 2022
Synergy Capital is pleased to announce the sale of its investment in a leading regional Asia Pacific steel producer to one of the largest steel groups globally based in Japan.
Synergy Outreach Program
04 February 2022
09 December 2021
On February 4th, we organized a visit to Expo 2020 Dubai for the building staff where our office is located. For the first time in their working lives, they experienced being a tourist in the UAE while visiting the pavilions showcasing all the World’s cultures. Alight with excitement and enthusiasm, they exclaimed: ‘All we knew about #expo2020 was from the news. We never thought we could see and experience its beauty in real life! We are blessed, and we thank Synergy Capital and Maheshwari Foundation for reaching out to us and giving us this wonderful and enriching experience!’
2021 IN REVIEW
07 January 2022
I thank the teams at Synergy and our business partners for another year of remarkable performance despite continued headwinds. The total amount of capital deployed increased by 40%, and we completed our most significant single investment in the fund during the summer.
2020 and 2021 have highlighted different lifestyle considerations and business imperatives.
Synergy congratulates Sigma Lithium on its NASDAQ listing
17 September 2021
We are thankful to the company for inviting us to participate in NASDAQ’s Closing Bell event and are proud to appear clapping among this talented, supportive, diverse group of people. We stand ready to continue supporting Sigma in becoming the next major lithium player in the world.
Synergy's Senior Partner tapped for HEG Limited Board of Director
25 August 2021
Synergy’s Senior Partner Davinder Chugh has been appointed
Independent Director at HEG Limited, one of the top-5 global
producers of graphite electrodes. This recognition highlights the
strength and standing of Synergy’s operating team, which is the firm’s
key value enabler.
Investment in JSW Cement
28 July 2021
Today, Synergy closed a structured equity investment totalling up to Rs. 750 crores (c. $100 million) in JSW Cement, one of India’s leading and fastest growing sustainable building products companies.
Covid-19 Response Operations
10 July 2021
In May and June 2021, at the peak of the Covid-19 crisis in India that wrecked millions of lives and livelihoods, Synergy Capital and Maheshwari Foundation assisted a donor in procuring medical relief equipment worth over USD 350,000.00 from Europe and the GCC Countries.
Ramadan Support
04 June 2021
Synergy Capital, our employees, along with Maheshwari Foundation have started a charity fund that aims to support the community. During the Holy Ramadan last month, we’ve managed to distribute to 125 labour workers from two different locations in Dubai, UAE. They are breadwinners who support their family living overseas, while some have lost their jobs due to the pandemic. Two weeks later, another 120 bags were distributed to the street sweepers located in the Al Satwa area in the early morning of 04:00 AM last 29 May 2021. Our way of showing our gratitude to these hardworking people of our society who keeps our streets clean day and night, 24/7
Synergy becomes a signatory of UN Principles for Responsible Investment (PRI)
04 February 2021
Synergy is pleased to become a signatory of the UN Principles for Responsible Investment (PRI); the world’s leading proponent of responsible investment. We are dedicated to incorporating Environmental, Social and Governance (ESG) factors in investment decisions and active ownership.
2020 IN REVIEW
21 January 2021
With 2020 finally behind us and, after a period of reflection at the start of this new year, I wanted to share an update of what we have achieved at Synergy and how we are entering 2021 stronger and with renewed energy.