December 10, 2018

FINDING INVESTMENT OPPORTUNITIES IN EMERGING MARKETS

    Press : Press Releases

    Return to Press Releases


    Contact:

    Heather Jensen, +1 202 872-0500, hjensen@doil.com

    Darby Provides Buyout and Growth Capital to Enzen, an India/United Kingdom Infrastructure Engineering and Consulting Firm

    Bangalore, India and Washington, DC, July 23, 2014 - Darby Private Equity ("Darby"), the private equity arm of Franklin Templeton Investments, announced that Darby Asia Opportunities Fund III ("DAOF III") has completed an investment in Enzen Global Solutions Private Limited ("Enzen"), an Indian company that provides consulting and engineering services in the energy and environment sector in India and the UK and has an electricity distribution business in India.

    Enzen, established in 2006, provides advisory, project management and engineering design services for projects in the power, gas and water infrastructure sectors in the UK and India. Enzen's work in electricity distribution involves partnering with electricity distribution companies, with the goal of enhancing the consumer experience while reducing technical, and revenue losses.

    "The investment in Enzen reinforces Darby's longstanding commitment to investing in well-managed mid-sized companies in India. Having established a strong platform and management team, Enzen is well positioned to benefit from the large, growing UK and India energy and utilities consulting and engineering market," said Deepa Sankaran, Managing Director, Darby India.

    "We are excited to welcome Darby as our new partner and look forward to their active involvement on our board as we continue to expand our offerings and deepen our engagements with global energy and utility enterprises," said Satheesh Kumar, Founder and CEO of Enzen.

    DAOF III seeks investments in industrial manufacturing and consumer-related companies located in emerging Asia. DAOF III has previously completed three investments in China. Including the investments of DAOF III, Darby-managed funds have collectively made 48 investments in the region.

    About Darby
    Darby Private Equity was founded in 1994 by The Honorable Nicholas F. Brady, who served as U.S. Secretary of the Treasury between 1988 and 1993. Richard Frank joined the firm as CEO in 1997 after his career at the International Finance Corporation (IFC)/World Bank. In 2003, Darby became a fully owned subsidiary of Franklin Resources, Inc. [NYSE:BEN], a global investment management organization operating as Franklin Templeton Investments. For more information please visit darbyoverseas.com.

    Franklin Templeton Investments provides global and domestic investment management solutions managed by its Franklin, Templeton, Mutual Series, Franklin Bissett, Fiduciary Trust, Darby, Balanced Equity Management and K2 investment teams. The San Mateo, CA-based company has more than 65 years of investment experience and over $920 billion in assets under management as of June 30, 2014. For more information, please visit franklintempleton.com.

    About Enzen
    Enzen is a global energy and environment company providing high-end solutions to the energy and utilities industries in India, the United Kingdom and the United States. Enzen provides outcome based turnkey solutions in the power, gas, water and clean energy verticals at various points in the value chain.