Darby India Advises Franklin Templeton for Investment in Leading Test
Preparation Company
(Thomson Reuters ONE) - MUMBAI, INDIA and WASHINGTON, DC--(Marketwire - July 29, 2009) -Darby Overseas Investment Limited ("Darby"), announced that FranklinTempleton Private Equity Strategy ("FTPES"), a private equityportfolio managed by Franklin Templeton Asset Management (India)Private Limited, ("FT India") and advised by its affiliate Darby AsiaInvestors (India) Limited ("Darby India"), invested Rs 500 million(approximately US$10.4 million) in Rajasthan-based Career PointInfosystems Limited ("Career Point"). Transaction details were notdisclosed.Career Point is one of the largest and most successful competitiveexamination preparation companies in India, engaged in coaching foradmission to IITs, NITs and other engineering colleges anduniversities. It has operations in 29 cities through a mix of companyrun as well as franchisee operations. The funds will be used forexpanding its existing operations and entering into other areas ofeducation.About Franklin Templeton Private Equity StrategyFTPES is a private equity investment product offered to high networth individuals in India and closed in 2008 with total capitalcommitment of Rs 6300 million (US$147 million*). The objective ofFTPES is to make selective investments in high growth, mid-sizedunlisted companies in India -- in areas such as infrastructure,manufacturing, and consumer goods, and in related sectors.Darby Overseas Investments Limited is the private equity arm ofFranklin Templeton Investments, and is a premier investment managerin emerging markets private equity and infrastructure investing withover $2.6 billion assets under management.Darby was founded in 1994 by The Honorable Nicholas F. Brady, whoserved as U.S. Secretary of the Treasury between 1988 and 1993.Richard Frank joined the firm as CEO in 1997 after his career at theIFC/ World Bank. In 2003 Darby became a fully owned subsidiary ofFranklin Resources, Inc. (NYSE: BEN), a global investment managementorganization operating as Franklin Templeton Investments.* As on Portfolio commencement dateFranklin Templeton Institutional, part of Franklin TempletonInvestments, provides global and domestic investment managementsolutions managed by the Franklin Global Advisers, Templeton,Franklin Templeton Fixed Income, Franklin Templeton Real EstateAdvisors, Darby and Mutual Series investment management teams.Franklin Templeton Investments, based in San Mateo, California, hasmore than 60 years of investment experience and over US$451 billionin assets under management as of June 30, 2009.About Career Point Infosystems Ltd ("Career Point")Career Point is a pioneer in the engineering entrance testpreparation segment of the fast growing Indian test preparationmarket. It has an established track record of over 15 years and hasbuilt a brand in the engineering test preparation market. Sinceinception, Career Point has grown significantly to reach a size of ~24,000 enrollments last year. Over 29 learning centers, a largetalent pool of qualified and experienced faculty members comprisingof IITians and NITians from renowned engineering colleges in Indiacombined with a wide variety of courses offered, places Career Pointin a strong position in the test preparation market. It also has toits credit a huge content repository comprising of over 8000 pages ofcontent for IIT-JEE, 7000 pages content for AIEEE. Career Point hasnow embarked upon an aggressive expansion plan of giving new shape tothe traditional classroom model, using technology as a tool andventuring into other related training segments. This will enableCareer Point to deliver high quality content across the nation. Tobecome a complete learning solution provider, Career Point is nowentering into Kindergarten to Grade-12 (K-12 School) and highereducation (university) space.Contact:Heather Hickson202-872-0500hhickson(at)doil.comThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 29.07.2009 - 18:21 Uhr
Sprache: Deutsch
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