Franklin Templeton Investments related stories
All articles and analysis
- European LP Briefs, January 2012
LPs and GPs view their communications differently; Terra Firma considers new fund
- Templeton Takes Stake in Estapar
Templeton Strategic Emerging Markets Fund III has acquired a minority stake in Latin America-based parking company Estapar. Terms of the deal were not released. Estapar operates 810 parking lots in Brazil.
- Darby Makes Two Brazil Infrastructure Investments
Darby Private Equity, the private equity arm of Franklin Templeton Investments, said Wednesday that the Brazil Mezzanine Infrastructure Fund has invested R$58 million (US$30 million) in Bioenergy Geradora de Energia S.A. The fund also invested R$58 million (US$30 million) in Produman Engenharia S.A. BMIF invests in Brazilian infrastructure projects that are either new or expand existing, medium-sized infrastructure assets.
- Bill Gurley: All Revenue Is Not Created Equal: The Keys to the 10X Revenue Club
“Don’t you know that you are a shooting star, And all the world will love you just as long, As long as you are.” – Paul Rodgers, Shooting Star With the IPO market now blown wide-open, and the media completely infatuated with frothy trades in the bubbly late stage private market, it is common to see articles that reference both “valuation http://blogs.wsj.com/deals/2011/05/19/at-linkedins-valuation-apple-would-be-worth-3-trillion/?mod=yahoo_hs ” and “revenue http://blogs.wsj.com/venturecapital/2011/02/26/facebook-groupon-zynga-off-the-chart-revenue/?mod=yahoo_hs ” and suggest that there is a correlation between the two. Calculating or qualifying potential valuation using the simplistic and crude tool of a revenue multiple (also known as the price/revenue or price/sales ratio) was quite trendy back during the Internet bubble of the late 1990s. Perhaps it is not peculiar that our good friend the price/revenue ratio is back in vogue. But investors and analysts beware; this is a remarkably dangerous technique, because all revenues
- General Atlantic Takes Minority Stake in Studio Moderna
General Atlantic has acquired a minority stake in Studio Moderna Holdings. Existing investors, Insight Venture Partners, Templeton Strategic Emerging Markets Fund III and JH Partners also participated in the deal. Financial terms were not announced. Studio Moderna is an e-commerce and direct to consumer platform in Central and Eastern Europe, Russia and Turkey.
- KKR May Sweeten Bid for Australian Fund Manager
Buyout shop Kohlberg Kravis Roberts & Co. may increase its $1.7 billion bid for Australian fund manager Perpetual, Reuters reported, adding that the firm had recently received new financial data on the company. Any increase would be small, and “well below 10%,” Reuters said.