Franklin Templeton Investments related stories
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Darby Private Equity backs China F&B GroupDarby Asia Opportunities Fund III has provided financing to an EQT-led consortium that acquired a majority stake in franchise operator China F&B Group. Board members and management invested together with the new controlling shareholders and the founder, Mr. Li Ping, who continues to own shares in the company and act as chairman.
- Darby acquires majority stake in Acrecent
Darby Private Equity, the private equity unit of Franklin Templeton Investments, has bought a majority controlling stake in Acrecent Financial Corp. No financial terms were disclosed. Acrecent is a commercial finance company.
Pacific Rubiales to sell oil pipeline stake to Darby Private Equity for US$350 mlnPacific Rubiales Energy Corp (TSX: PRE) (BVC: PREC) (BOVESPA: PREB) has agreed to sell its 5 percent interest and transportation rights in Columbian oil pipeline Oleoducto Central S.A. for US$385 million. The buyer is a consortium led by Darby Private Equity, the private equity investment arm of U.S. financial services firm Franklin Templeton, which will use an affiliate, Fondo de Infraestructura de Transporte de Colombia, to make the investment. The deal is expected to close early in 2014. Pacific Rubiales, a petroleum exploration and production company with headquarters in Toronto, will use proceeds of the sale to pay down debt incurred as a result of its acquisition of Petrominerales Ltd in Nov. 2013.
- Pacific Rubiales Energy Corp agrees to sell minority stake in Columbia oil pipeline to Darby
Pacific Rubiales Energy Corp. said Monday that it has agreed to sell its minority stake and transportation rights in the Oleoducto Central S.A. oil pipeline in Colombia for $385 million. Darby Private Equity is one of the buyers. Itaú BBA served as financial advisor on this transaction, which closed on November 28, 2013.
- Darby PE in Korea exit
The firm’s mezzanine fund has divested its holding in Leadcorp through a domestic IPO.
- Darby Private Equity exits Leadcorp
Darby Private Equity, the private equity unit of Franklin Templeton Investments, said Tuesday that has exited its holding in Leadcorp through sales on Korea Exchange's KOSDAQ market. Headquartered in Seoul, Leadcorp is a consumer finance company in South Korea.
- Franklin Templeton Investments appoints head of alternatives sales
Franklin Templeton Investments has appointed Peter Vincent as head of alternatives sales, Europe. Reporting to Jamie Hammond, managing director, Europe, Vincent is responsible for new business development of the group’s alternative products in Europe.
- Darby hires head of Latin America
The firm has hired Roberto Velarde, former CIO of Grupo Inder in Chile, to manage its Latin America investment practice and develop additional private equity vehicles focused on the region.
- Darby Private Equity invests in Latin America-based Grupo Bioerix
Darby Private Equity, the private equity unit of Franklin Templeton Investments, said Tuesday that it has made an investment in Grupo Bioerix. No financial terms were disclosed. Bioerix is a supplier of pharmaceutical and medical products to the healthcare industry in Uruguay and the region.
- Franklin Templeton's Darby Invests in Cobis
Darby Private Equity, the private equity unit of Franklin Templeton Investments, said Tuesday it has made a "significant" investment in Cobis Systems Corp. No financial terms were disclosed. Corbis is a Latin American provider of financial sector software.