Industry News
Darby Sells Stake in Brazil Renewable Power Company
10 June 2014
(Bloomberg) Darby, the private equity unit of Franklin Templeton Investments, sold its stake in Bioenergy Geradora de Energia Ltda., a Brazilian renewable power company.
A family office bought the stake, according to a Franklin Templeton press official who asked not to be named yesterday, citing company policy. The official didn’t give a price or identify the buyer. Bioenergy has about 1.5 gigawatts of generating capacity in Brazil.
BMIF, a fund advised by Franklin Templeton’s Darby Private Equity, invested in Bioenergy in 2011.
Darby has other investments in Brazil, including hydroelectric generation, oil, natural gas and infrastructure projects.
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