Franklin Templeton Investments related stories
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Darby Overseas Investments Announces New HireDarby Overseas Investments, the private equity division of Franklin Templeton Investments, said Monday that it has named Roberto Velarde as managing director of Latin America private equity. Velarde, who will be based in the company's Washington, D.C. office, will report to Darby President and CEO Richard H. Frank. Prior to joining Darby, Velarde was managing director and chief investment officer at Grupo Inder.
- Franklin Templeton Completes Pelagos Capital Deal
Franklin Resources, which operates as Franklin Templeton Investments, has acquired the remaining 80 percent stake of alternative investments specialist Pelagos Capital Management to become a 100 percent equity stakeholder. Franklin Templeton acquired its initial 20 percent equity stake in Pelagos in 2010.
- Darby Backs Alta Rail Technology
Darby Private Equity, the private equity arm of Franklin Templeton Investments, has put $15 million into Alta Rail Technology, a supplier of technology products and services to railroads. The firm invested out of Darby Latin American Mezzanine Fund II, L.P. Other terms of the deal were not disclosed.
- Darby Private Equity Exits Sirma
Darby Private Equity, the private equity arm of Franklin Templeton Investments, announced that its Darby Converging Europe Mezzanine Fund will exit its holdings in Sirma, a Turkish bottled water and beverage manufacturer. The firm is selling a majority interest in Sirma to Danone. Darby made a mezzanine investment in Sirma in 2010, and a follow-on equity and mezzanine investment in 2011. Terms of the deal were not released.
- Darby Private Equity Exits Sirma
Darby Private Equity, the private equity arm of Franklin Templeton Investments, announced that its Darby Converging Europe Mezzanine Fund will exit its holdings in Sirma, a Turkish bottled water and beverage manufacturer. The firm is selling a majority interest in Sirma to Danone. Darby made a mezzanine investment in Sirma in 2010, and a follow-on equity and mezzanine investment in 2011. Terms of the deal were not released.
- Darby exits 12-year investment in Costa Rica
The Franklin Templeton-subsidiary made its investment in Grupo Financiero Improsathrough its 2001 ProBanco I Fund, a $27m vehicle.
- Templeton EM fund in China deal
The global asset manager has acquired Tongda Group, a plastic moulding firm using capital from its latest $300m emerging markets fund.
- Templeton Announces Full Divestment of Its Second Emerging Markets Private Equity Fund
New York-based Templeton Asset Management has announced its Templeton Emerging Markets Group's exit from all investments held in Templeton Strategic Emerging Markets Fund II, established in 2005. The $132.5 million fund generated a net IRR of 34.3 percent, net of all expenses and fees.
- Templeton invests $21m in Indian oil & gas services
The minority investment in Shiv-Vani Oil & Gas Exploration Services will help the company fund its equipment and technology needs and fuel its growth plans.
- Former Korean minister joins Darby Hana
Ho Shik Kim will advise the Korea Emerging Infrastructure Fund, which the partnership jointly manages.