The latest insights and news at Synergy
2022 In Review
28 Dec 2022
2022 marks the fifth anniversary of the launch of our first fund! My aim when founding Synergy was to create a solid and enduring firm, a place that would grow from the contributions of each stakeholder into something larger than I could envision.
Synergy Contributes to Strategic Think Tank Event: 500MT Steel Production in India by 2047
19 Dec 2022
Synergy was happy to participate and contribute its core sector expertise, entrepreneurial bent and specific local knowledge to an important think tank industry event in India.
Synergy Capital Leads CubicPV's Series B Financing
16 Dec 2022
CubicPV is currently the only company in the US with a core competence in solar wafer manufacturing. In addition, it has the largest IP portfolio for next-generation tandem solar panel technology in the Americas. This provides a compelling investment case combining a short-term and low-risk path to profitability with the potential to disrupt the solar PV industry.
Synergy Outreach Project
06 Dec 2022
Every outreach project we have done in the past years has unique learnings and experiences. Last Sunday's donation drive at a labour camp housing 200+- lady workers taught us the value of time and being present in the moment. They were very grateful for the goodies we gave, especially the time we spent with them.
Synergy Capital Provides US100M Credit to Fund Sigma Lithium's Next Phase of Growth
05 Dec 2022
Synergy Capital anchored Sigma’s private placement in February 2021 to fund Sigma’s Phase 1 construction. We are now extremely pleased to consolidate our multi-year partnership through a US$100 million financing of Sigma’s potential tripling of production, announced on December 4th, 2022 (link: https://bit.ly/3XTu9Do).
Synergy Capital Presents The Institutional Investor Perspective on Sustainable Battery Materials at COP27
22 Nov 2022
On November 13, Synergy Capital participated in the “Environmental and Social Sustainability in Electric Vehicles' Battery Materials” workshop at the World Climate Summit held during COP 27 in Sharm El Sheikh, Egypt. The World Climate Summit is the leading forum for business and investment-driven solutions to climate change, recognised as the most important official COP side event.
Synergy Capital Extends Its Ties with GMR Group with Third Investment
21 Oct 2022
Synergy Capital has closed a new structured debt investment of INR 475 crores (c. $ 59 million) in the GMR Group.
This is Synergy Capital's third investment in the GMR Group, one of India’s leading global infrastructure conglomerates with international expertise in designing, building, and operating airports. GMR Group also has significant investments in the energy, transport (non-aviation), and urban infrastructure sectors.
Synergy supports Senses
07 Sept 2022
Synergy's visit to Senses has been a truly humbling and gratifying experience.
Thank you, Senses Residential and Day Care for Special Needs for providing a roof, education, and facilitating a life to live so that these beautiful children will not feel they are alone in their battle.
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.