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 Logistics and Cargo Operator

Darby Private Equity, the private equity arm of Franklin Templeton Investments, has completed an investment in Tabacarcen S.A. Tababela Cargo Center, the logistics and cargo operator at the new Mariscal Sucre airport in Quito, Ecuador. Transaction details were not disclosed.

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.

Darby Sells Stake in TEBSA Power Plant

Darby Overseas Investments Ltd. said Friday that Darby Latin America Mezzanine Fund L.P.has sold its 28.7% stake in Termobarranquilla S.A. (TEBSA), a modern gas fired power plant in Colombia. Darby sold 100% of the operating company GPUI Colombia Ltda., which has the TEBSA OEM contract. Financial terms were not announced. Darby Overseas Investments is the private equity arm of Franklin Templeton Investments.

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